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REGISTERED NUMBER: 02847825















Unaudited Financial Statements For The Year Ended 31st January 2023

for

Horticultural Coir Ltd

Horticultural Coir Ltd (Registered number: 02847825)






Contents of the Financial Statements
For The Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Horticultural Coir Ltd

Company Information
For The Year Ended 31st January 2023







DIRECTOR: T De Vesci





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX





REGISTERED NUMBER: 02847825





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Horticultural Coir Ltd (Registered number: 02847825)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,297 10,945
Property, plant and equipment 5 2,072 2,762
9,369 13,707

CURRENT ASSETS
Debtors 6 96,030 714,362
Cash at bank 181,028 255,166
277,058 969,528
CREDITORS
Amounts falling due within one year 7 201,954 841,015
NET CURRENT ASSETS 75,104 128,513
TOTAL ASSETS LESS CURRENT LIABILITIES 84,473 142,220

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 84,471 142,218
SHAREHOLDERS' FUNDS 84,473 142,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20th October 2023 and were signed by:





T De Vesci - Director


Horticultural Coir Ltd (Registered number: 02847825)

Notes to the Financial Statements
For The Year Ended 31st January 2023

1. STATUTORY INFORMATION

Horticultural Coir Ltd is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of goods, excluding value added tax

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Horticultural Coir Ltd (Registered number: 02847825)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st February 2022
and 31st January 2023 18,241
AMORTISATION
At 1st February 2022 7,296
Charge for year 3,648
At 31st January 2023 10,944
NET BOOK VALUE
At 31st January 2023 7,297
At 31st January 2022 10,945

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st January 2023 72,839
DEPRECIATION
At 1st February 2022 70,077
Charge for year 690
At 31st January 2023 70,767
NET BOOK VALUE
At 31st January 2023 2,072
At 31st January 2022 2,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,030 714,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 374 2,400
Taxation and social security 39,796 18,439
Other creditors 161,784 820,176
201,954 841,015

Horticultural Coir Ltd (Registered number: 02847825)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2023

8. ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of T De Vesci.