Hortechulture Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 9196819

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		606		3,250
Investments	4		-		50,000

			606		53,250
CURRENT ASSETS
Debtors	5	54,777		6,230
Cash at bank and in hand		1,129		10,639

		55,906		16,869
Creditors: Amounts Falling Due Within One Year	6	(25,210 )		(42,311 )

NET CURRENT ASSETS (LIABILITIES)			30,696		(25,442 )

TOTAL ASSETS LESS CURRENT LIABILITIES			31,302		27,808

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(115 )		(618 )

NET ASSETS			31,187		27,190

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			31,087		27,090

SHAREHOLDERS' FUNDS			31,187		27,190

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Hortechulture Limited

Balance Sheet (continued)

As At 31 March 2023

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Burgess

Director

28/09/2023

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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

1.2. Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax. Where the invoice relates to rental periods after the balance sheet date, revenue is deferred and only recognised at the end of the rental period. Amounts invoiced to clients in advance are included in accruals and deferred income.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	two to four years, straight line
Computer Equipment	two to three years, straight line

1.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2022: 1)

3. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2022	49,984	1,208	51,192
Disposals	(49,984 )	-	(49,984 )

As at 31 March 2023	-	1,208	1,208

Depreciation
As at 1 April 2022	47,902	40	47,942
Provided during the period	2,082	562	2,644
Disposals	(49,984 )	-	(49,984 )

As at 31 March 2023	-	602	602

Net Book Value
As at 31 March 2023	-	606	606

As at 1 April 2022	2,082	1,168	3,250

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Hortechulture Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2023

4. Investments

	Unlisted
	£
Cost
As at 1 April 2022	50,000
Disposals	(50,000 )

As at 31 March 2023	-

Provision
As at 1 April 2022	-

As at 31 March 2023	-

Net Book Value
As at 31 March 2023	-

As at 1 April 2022	50,000

5. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	4,777	6,230
Amounts owed by other participating interests	50,000	-

	54,777	6,230

The amounts owed by other participating interests were received in cash prior to the approval of these financial statements.

6. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	-	1,450
Corporation tax	1,893	3,439
VAT	605	7,654
Accruals and deferred income	6,000	9,794
Director's loan account	8,334	11,596
Amounts owed to related parties	8,378	8,378

	25,210	42,311

The related-party loan, which is unsecured and bears interest at 8% per annum, is repayable on demand.

The director's loan, which is unsecured and bears no interest, is repayable on demand.

7. Deferred Taxation

The provision for deferred taxation comprises accelerated capital allowances of £115 (2022-£618)

	2023	2022
	£	£
Other timing differences	115	618

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Hortechulture Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2023

8. Share Capital

	2023	2022
	£	£
Allotted, Called up and fully paid	100	100

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