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Registered Number: 06078194
England and Wales

 

 

 

BOTANICA NURSERIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 16,978    28,622 
16,978    28,622 
Current assets      
Stocks 5,000    5,000 
Debtors 69,983    59,570 
Cash at bank and in hand 530,533    446,130 
605,516    510,700 
Creditors: amount falling due within one year (66,211)   (69,183)
Net current assets 539,305    441,517 
 
Total assets less current liabilities 556,283    470,139 
Provisions for liabilities (3,226)   (5,438)
Net assets 553,057    464,701 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 553,055    464,699 
Shareholder's funds 553,057    464,701 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 October 2023 and were signed on its behalf by:


-------------------------------
J O Smith
Director
1
General Information
Botanica Nurseries Ltd is a private company, limited by shares, registered in England and Wales, registration number 06078194, registration address 48 Heath Hill Road South, Crowthorne, Berkshire, RG45 7BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - 20% on cost
Motor Vehicles - 20% on cost
Fixtures & fittings - 20% on cost
Computer equipment - 20% on cost
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 8).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 400,000    400,000 
Additions  
Disposals  
At 31 March 2023 400,000    400,000 
Amortisation
At 01 April 2022 400,000    400,000 
Charge for year  
On disposals  
At 31 March 2023 400,000    400,000 
Net book values
At 31 March 2023  
At 31 March 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2022 12,040    81,596    14,404    4,605    112,645 
Additions       299    299 
Disposals        
At 31 March 2023 12,040    81,596    14,404    4,904    112,944 
Depreciation
At 01 April 2022 7,860    59,889    14,404    1,870    84,023 
Charge for year 1,829    9,276      838    11,943 
On disposals        
At 31 March 2023 9,689    69,165    14,404    2,708    95,966 
Net book values
Closing balance as at 31 March 2023 2,351    12,431      2,196    16,978 
Opening balance as at 01 April 2022 4,180    21,707      2,735    28,622 


5.

Debtors: amounts falling due within one year

.   2023
£
  2022
£
Trade Debtors 41,389  47,869 
Prepayments and Accrued Income 28,594  11,701 
69,983  59,570 

6.

Creditors: amounts falling due within one year

.   2023
£
  2022
£
Trade Creditors 10,404  11,550 
Corporation Tax 30,939  19,300 
PAYE & Social Security 1,514 
Accrued Expenses 6,137  6,403 
Other Creditors 4,360  5,804 
Directors' Current Accounts 1,359  4,567 
VAT 11,498  21,559 
66,211  69,183 

7.

Ultimate Controlling Party

The company is under the control of Mr J O Smith by virtue of his shareholding. 
2