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REGISTERED NUMBER: 05739541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

TONY WARD GARDEN FURNITURE LTD

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TONY WARD GARDEN FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: A Bierlein
Mrs C Bierlein





REGISTERED OFFICE: Collow Cottage
East Torrington
Market Rasen
Lincolnshire
LN8 5SE





REGISTERED NUMBER: 05739541 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

ABRIDGED BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 29,000
Tangible assets 5 13,876 3,718
38,876 32,718

CURRENT ASSETS
Stocks 8,524 9,562
Debtors 19,126 2,878
Cash at bank - 10,479
27,650 22,919
CREDITORS
Amounts falling due within one year 16,133 9,365
NET CURRENT ASSETS 11,517 13,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,393

46,272

CREDITORS
Amounts falling due after more than one
year

(2,064

)

-

PROVISIONS FOR LIABILITIES (879 ) (412 )
NET ASSETS 47,450 45,860

CAPITAL AND RESERVES
Called up share capital 47,500 47,500
Retained earnings (50 ) (1,640 )
SHAREHOLDERS' FUNDS 47,450 45,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16 March 2020 and were signed on its behalf by:





A Bierlein - Director


TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Tony Ward Garden Furniture Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019
and 31 December 2019 80,000
AMORTISATION
At 1 January 2019 51,000
Amortisation for year 4,000
At 31 December 2019 55,000
NET BOOK VALUE

At 31 December 2019 25,000
At 31 December 2018 29,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019 26,090
Additions 12,095
At 31 December 2019 38,185
DEPRECIATION
At 1 January 2019 22,372
Charge for year 1,937
At 31 December 2019 24,309
NET BOOK VALUE
At 31 December 2019 13,876
At 31 December 2018 3,718

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and
31 December 2018:

2019 2018
£    £   
A Bierlein
Balance outstanding at start of year - -
Amounts advanced 15,192 -
Amounts repaid (8,402 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,790 -

Mrs C Bierlein
Balance outstanding at start of year - -
Amounts advanced 15,192 -
Amounts repaid (8,402 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,790 -