REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2021 |
for |
A B Cave (Nurseries) Limited |
Trading as |
A B Cave (Nurseries) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2021 |
for |
A B Cave (Nurseries) Limited |
Trading as |
A B Cave (Nurseries) Limited |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Contents of the Financial Statements |
for the Year Ended 31st December 2021 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Balance Sheet |
31st December 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Balance Sheet - continued |
31st December 2021 |
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 and authorised for issue on |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Notes to the Financial Statements |
for the Year Ended 31st December 2021 |
1. | Statement of compliance |
2. | Accounting policies |
Basis of preparing the financial statements |
Critical accounting judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required. |
Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised. |
Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively. |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2021 |
2. | Accounting policies - continued |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Entitlements |
£ |
Cost |
Additions |
At 31st December 2021 |
Net book value |
At 31st December 2021 |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2021 |
5. | Tangible fixed assets |
Long | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
Cost |
At 1st January 2021 |
Additions |
At 31st December 2021 |
Depreciation |
At 1st January 2021 |
Charge for year |
At 31st December 2021 |
Net book value |
At 31st December 2021 |
At 31st December 2020 |
6. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1st January 2021 |
Additions |
At 31st December 2021 |
Net book value |
At 31st December 2021 |
At 31st December 2020 |
7. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
A B Cave (Nurseries) Limited (Registered number: 00446497) |
Trading as A B Cave (Nurseries) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2021 |
8. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |