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REGISTERED NUMBER: 07676953 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

NURTURED IN NORFOLK LIMITED

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NURTURED IN NORFOLK LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: Ms S Drane
A R Miller





REGISTERED OFFICE: Hillside Nursery
Shipdham Road
Toftwood
Norfolk
NR19 1NP





REGISTERED NUMBER: 07676953 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 324,040 312,651
324,040 312,651

CURRENT ASSETS
Stocks 101,010 81,010
Debtors 6 1,157,077 1,104,724
Cash at bank and in hand 138,938 275,365
1,397,025 1,461,099
CREDITORS
Amounts falling due within one year 7 1,211,551 1,342,776
NET CURRENT ASSETS 185,474 118,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,514

430,974

CREDITORS
Amounts falling due after more than one
year

8

(86,856

)

(99,131

)

PROVISIONS FOR LIABILITIES (81,000 ) (59,400 )
NET ASSETS 341,658 272,443

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 341,558 272,343
341,658 272,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

BALANCE SHEET - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




Ms S Drane - Director



A R Miller - Director


NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Nurtured In Norfolk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised.

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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 & Machinery20% reducing balance
Motor Vehicles25% reducing balance
Office Equipment33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2022 - 70 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 19,000
AMORTISATION
At 1 July 2022
and 30 June 2023 19,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 754,906
Additions 106,837
At 30 June 2023 861,743
DEPRECIATION
At 1 July 2022 442,255
Charge for year 95,448
At 30 June 2023 537,703
NET BOOK VALUE
At 30 June 2023 324,040
At 30 June 2022 312,651

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 970,578 906,374
Other debtors 186,499 198,350
1,157,077 1,104,724

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 93,140 78,343
Trade creditors 707,045 724,161
Taxation and social security 107,568 160,137
Other creditors 293,798 370,135
1,211,551 1,342,776

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 67,689 69,964
86,856 99,131

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 160,829 148,307

Hire purchase contracts are secured over the assets financed.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
A R Miller
Balance outstanding at start of year 63,182 78,804
Amounts advanced 76,680 51,878
Amounts repaid (93,928 ) (67,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,934 63,182

NURTURED IN NORFOLK LIMITED (REGISTERED NUMBER: 07676953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms S Drane
Balance outstanding at start of year 63,182 78,804
Amounts advanced 76,680 51,878
Amounts repaid (93,928 ) (67,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,934 63,182

The above loan is unsecured, repayable on demand with interest charged at official rates.