Registered number: 3783342 | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
Garhigh (Southern) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
S Pourou | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 3783342 | ||||||||
ACCOUNTANTS | ||||||||
Ash & Co Accountants Ltd | ||||||||
Chartered Accountants | ||||||||
7 Woodbury Close | ||||||||
Croydon | ||||||||
CR0 5PR |
Garhigh (Southern) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Garhigh (Southern) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
284,902 | 670,170 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 408,972 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 279,600 | 510,446 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Garhigh (Southern) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These accounts have been prepared on the going concern basis as the directors have a reasonable expectation that the company will continue to operate for the foreseeable future. |
1c. Depreciation | ||||||||
Plant and Machinery | straight line 25% | |||||||
Commercial Vehicles | straight line 25% | |||||||
Equipment | straight line 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Goodwill | ||||||||
1g. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Garhigh (Southern) Limited | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 8 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/07/2022 | 2,000 | 2,000 | ||
At 30/06/2023 | 2,000 | 2,000 | ||
Depreciation | ||||
At 01/07/2022 | 2,000 | 2,000 | ||
At 30/06/2023 | 2,000 | 2,000 | ||
Net Book Amounts | ||||
At 30/06/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 01/07/2022 | 194,115 | 194,115 | ||
Additions | 110,971 | 110,971 | ||
Disposals | (46,721) | (46,721) | ||
At 30/06/2023 | 258,365 | 258,365 | ||
Depreciation | ||||
At 01/07/2022 | 92,541 | 92,541 | ||
Disposals | (37,694) | (37,694) | ||
For the year | 56,461 | 56,461 | ||
At 30/06/2023 | 111,308 | 111,308 | ||
Net Book Amounts | ||||
At 30/06/2023 | 147,057 | 147,057 | ||
At 30/06/2022 | 101,574 | 101,574 | ||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 5,000 | 5,000 | ||||
Garhigh (Southern) Limited | ||||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 118,388 | 210,640 | ||||||
VAT | 25,216 | 4,382 | ||||||
Other debtors | 80,348 | 77,061 | ||||||
223,952 | 292,083 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Trade creditors | 113,214 | 208,329 | ||||||
Taxation and social security | 9,541 | 8,129 | ||||||
Other creditors | 29,504 | 44,740 | ||||||
152,259 | 261,198 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 30/06/2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating leases | 78,332 | 90,332 | ||||||
Garhigh (Southern) Limited | ||||||||
10. CONTROLLING PARTY | ||||||||
The Company's entire shareholding is owned by Garhigh Holdings Limited, a private company registered in England with a registered address of 216 Sydenham Road, Croydon, Surrey, CRO 2EB | ||||||||
Garhigh (Southern) Limited is a private company registered in England with a company registration of 03783342. It's registered office is 216 Sydenham Road, Croydon, Surrey, CR0 2EB. | ||||||||
The accounts are presented in Sterling, which is the functional currency of the company. |
11. CONTINGENT LIABILITIES | ||||||||
The company's assets are security for the bank loans of Garhigh Holdings Limited, the company's parent company. At 30 June 2023, Garhigh Holdings Limited held bank loans of £101,179 (2022 - £111,232). | ||||||||