Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-31No description of principal activity2020-11-01false3024truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04568946 2020-11-01 2021-10-31 04568946 2019-11-01 2020-10-31 04568946 2021-10-31 04568946 2020-10-31 04568946 c:Director1 2020-11-01 2021-10-31 04568946 d:Buildings 2020-11-01 2021-10-31 04568946 d:Buildings 2021-10-31 04568946 d:Buildings 2020-10-31 04568946 d:Buildings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 04568946 d:LandBuildings 2021-10-31 04568946 d:LandBuildings 2020-10-31 04568946 d:FurnitureFittings 2020-11-01 2021-10-31 04568946 d:FurnitureFittings 2021-10-31 04568946 d:FurnitureFittings 2020-10-31 04568946 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 04568946 d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 04568946 d:CurrentFinancialInstruments 2021-10-31 04568946 d:CurrentFinancialInstruments 2020-10-31 04568946 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 04568946 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 04568946 d:ShareCapital 2021-10-31 04568946 d:ShareCapital 2020-10-31 04568946 d:RetainedEarningsAccumulatedLosses 2021-10-31 04568946 d:RetainedEarningsAccumulatedLosses 2020-10-31 04568946 c:FRS102 2020-11-01 2021-10-31 04568946 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 04568946 c:FullAccounts 2020-11-01 2021-10-31 04568946 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 04568946 2 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure
Registered number: 04568946


AB NURSERIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2021

 
AB NURSERIES LIMITED
REGISTERED NUMBER:04568946

BALANCE SHEET
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,294
62,513

  
54,294
62,513

Current assets
  

Debtors: amounts falling due within one year
 5 
37,535
36,764

Cash at bank and in hand
 6 
547,793
336,523

  
585,328
373,287

Creditors: amounts falling due within one year
 7 
(132,673)
(85,961)

Net current assets
  
 
 
452,655
 
 
287,326

Total assets less current liabilities
  
506,949
349,839

  

Net assets
  
506,949
349,839


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
506,945
349,835

  
506,949
349,839


Page 1

 
AB NURSERIES LIMITED
REGISTERED NUMBER:04568946
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L A Bekos
Director

Date: 19 August 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
AB NURSERIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.


General information

AB Nurseries Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 04568946.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.



The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
AB NURSERIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
20 years straight line
Fixtures & fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
AB NURSERIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2020 - 24).


4.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 November 2020
185,238
67,833
253,071



At 31 October 2021

185,238
67,833
253,071



Depreciation


At 1 November 2020
125,962
64,596
190,558


Charge for the year on owned assets
7,410
809
8,219



At 31 October 2021

133,372
65,405
198,777



Net book value



At 31 October 2021
51,866
2,428
54,294



At 31 October 2020
59,276
3,237
62,513




The net book value of land and buildings may be further analysed as follows:


2021
2020
£
£

Freehold
51,867
59,276

51,867
59,276


Page 5

 
AB NURSERIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

5.


Debtors

2021
2020
£
£


Prepayments and accrued income
1,730
959

Tax recoverable
35,805
35,805

37,535
36,764



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
547,795
336,524

547,795
336,524



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
121,616
73,949

Other taxation and social security
2,338
3,580

Other creditors
2,020
1,733

Accruals and deferred income
6,699
6,699

132,673
85,961



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,728 (2020: £11,662).

 
Page 6