Company Registration No. 02654884 (England and Wales)
RAGLAN GARDEN CENTRE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
RAGLAN GARDEN CENTRE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RAGLAN GARDEN CENTRE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,028,072
1,139,603
Investments
2
10,000
1,028,072
1,149,603
Current assets
Stocks
431,588
498,240
Debtors
10,462
10,863
Cash at bank and in hand
384,800
143,015
826,850
652,118
Creditors: amounts falling due within one year
3
(703,953)
(301,958)
Net current assets
122,897
350,160
Total assets less current liabilities
1,150,969
1,499,763
Creditors: amounts falling due after more than one year
4
(424,738)
Provisions for liabilities
(16,900)
(20,657)
1,134,069
1,054,368
Capital and reserves
Called up share capital
5
40,000
40,000
Profit and loss account
1,094,069
1,014,368
Shareholders' funds
1,134,069
1,054,368
RAGLAN GARDEN CENTRE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2014
31 December 2014
- 2 -
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 June 2015
N O Steinmeyer
Director
Company Registration No. 02654884
RAGLAN GARDEN CENTRE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2%, 3 1/3% and 10% Straight line
Plant and machinery
20% Straight line
Fixtures, fittings & equipment
10% Straight line
Motor vehicles
25% Straight line
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminuition in value.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Pensions
The pension costs charged in the financial statements represent the contributions payable by the company during the year .
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
RAGLAN GARDEN CENTRE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
2,503,921
Additions
16,704
Disposals
(30,000)
At 31 December 2014
2,490,625
Depreciation
At 1 January 2014
1,364,318
Charge for the year
98,235
At 31 December 2014
1,462,553
Net book value
At 31 December 2014
1,028,072
At 31 December 2013
1,139,603
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £- (2013 - £43,882).
4
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
Nil
249,210
The aggregate amount of creditors for which security has been given amounted to £Nil (2013 - £424,738).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
40,000 Ordinary shares of £1 each
40,000
40,000