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REGISTERED NUMBER: 04602896 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st January 2023

for

Sharnford Horticultural Limited

Sharnford Horticultural Limited (Registered number: 04602896)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sharnford Horticultural Limited

Company Information
for the Year Ended 31st January 2023







DIRECTORS: J W Ismay
G W Hyman





SECRETARY: J W Ismay





REGISTERED OFFICE: Lodge Farm
Broughton Road
Frolesworth
Lutterworth
Leicestershire
LE17 6EH





REGISTERED NUMBER: 04602896 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Sharnford Horticultural Limited (Registered number: 04602896)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,779 7,777
6,779 7,777

CURRENT ASSETS
Stocks 212,487 177,701
Debtors 6 75,039 102,767
Cash at bank 76,407 97,615
363,933 378,083
CREDITORS
Amounts falling due within one year 7 169,489 129,157
NET CURRENT ASSETS 194,444 248,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,223

256,703

CREDITORS
Amounts falling due after more than one
year

8

244,084

264,084
NET LIABILITIES (42,861 ) (7,381 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (42,961 ) (7,481 )
SHAREHOLDERS' FUNDS (42,861 ) (7,381 )

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 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.

Sharnford Horticultural Limited (Registered number: 04602896)

Balance Sheet - continued
31st January 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 16th October 2023 and were signed on its behalf by:




J W Ismay - Director



G W Hyman - Director


Sharnford Horticultural Limited (Registered number: 04602896)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Sharnford Horticultural 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 represents net invoiced sales of goods and services, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 100,000
AMORTISATION
At 1st February 2022
and 31st January 2023 100,000
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 -

Sharnford Horticultural Limited (Registered number: 04602896)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st February 2022
and 31st January 2023 3,408 16,430 7,261 11,731 38,830
DEPRECIATION
At 1st February 2022 - 15,512 6,259 9,282 31,053
Charge for year - 186 200 612 998
At 31st January 2023 - 15,698 6,459 9,894 32,051
NET BOOK VALUE
At 31st January 2023 3,408 732 802 1,837 6,779
At 31st January 2022 3,408 918 1,002 2,449 7,777

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,582 68,055
Social security and other tax 14,521 14,382
Prepayments 28,936 20,330
75,039 102,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 143,240 125,299
Social security and other taxes 2,012 2,483
Accrued expenses 24,237 1,375
169,489 129,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Intercompany account -
Sharnford Tractors Limited 244,084 264,084
244,084 264,084

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

Sharnford Horticultural Limited (Registered number: 04602896)

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

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had annual financial commitments provided in respect of rents payable for premises at Frolesworth Lodge Farm, Frolesworth, Leicestershire of £27,500 (2022 £27,500) under a lease dated 2nd March 2005.