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Company Registration No. 09467610 (England and Wales)
Hawksfield Nursery Ltd. Unaudited accounts for the year ended 31 March 2023
Hawksfield Nursery Ltd. Unaudited accounts Contents
Page
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Hawksfield Nursery Ltd. Company Information for the year ended 31 March 2023
Director
Rebecca Ann Pumphrey
Company Number
09467610 (England and Wales)
Registered Office
Hawksfield Nursery St. Breock, Wadebridge Cornwall PL27 7LR United Kingdom
Accountants
Eureka Accountants Limited 63 Lancing Road Newbury Park London IG2 7DQ
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Hawksfield Nursery Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,569 
54,131 
Current assets
Debtors
26,710 
34,857 
Cash at bank and in hand
46,987 
22,061 
73,697 
56,918 
Creditors: amounts falling due within one year
(61,499)
(42,460)
Net current assets
12,198 
14,458 
Net assets
61,767 
68,589 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
61,766 
68,588 
Shareholders' funds
61,767 
68,589 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2023 and were signed on its behalf by
Rebecca Ann Pumphrey Director Company Registration No. 09467610
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Hawksfield Nursery Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09467610. The registered office is Hawksfield Nursery, St. Breock, Wadebridge, Cornwall, PL27 7LR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7% straight line method
Plant & machinery
10% straight line method
Fixtures & fittings
25% straight line method
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 2023
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
86,293 
7,359 
12,633 
106,285 
Additions
- 
- 
4,798 
4,798 
At 31 March 2023
86,293 
7,359 
17,431 
111,083 
Depreciation
At 1 April 2022
37,976 
3,855 
10,323 
52,154 
Charge for the year
6,040 
736 
2,584 
9,360 
At 31 March 2023
44,016 
4,591 
12,907 
61,514 
Net book value
At 31 March 2023
42,277 
2,768 
4,524 
49,569 
At 31 March 2022
48,317 
3,504 
2,310 
54,131 
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,710 
17,901 
Accrued income and prepayments
- 
8,775 
Other debtors
- 
8,181 
26,710 
34,857 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
486 
- 
Taxes and social security
7,893 
11,059 
Other creditors
1,573 
1,101 
Loans from directors
11,029 
11,070 
Accruals
1,850 
500 
Deferred income
38,668 
18,730 
61,499 
42,460 
7
Average number of employees
During the year the average number of employees was 23 (2022: 17).
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