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REGISTERED NUMBER: 02948615 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Premier Plants of Ledsham Ltd

Premier Plants of Ledsham Ltd (Registered number: 02948615)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Premier Plants of Ledsham Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: M J Francis





REGISTERED OFFICE: Premier Plants of Ledsham
Ledsham Lane
Ledsham
Ellesmere Port
Cheshire
CH66 0NB





REGISTERED NUMBER: 02948615 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

Premier Plants of Ledsham Ltd (Registered number: 02948615)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 950,499 547,472

CURRENT ASSETS
Stocks 1,120,678 1,592,855
Debtors 5 1,329,909 1,239,029
Cash at bank and in hand 608,095 325,662
3,058,682 3,157,546
CREDITORS
Amounts falling due within one year 6 2,090,547 2,096,008
NET CURRENT ASSETS 968,135 1,061,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,918,634

1,609,010

CREDITORS
Amounts falling due after more than one
year

7

(816,820

)

(412,555

)

PROVISIONS FOR LIABILITIES (162,461 ) (50,726 )
NET ASSETS 939,353 1,145,729

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 939,351 1,145,727
SHAREHOLDERS' FUNDS 939,353 1,145,729

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Premier Plants of Ledsham Ltd (Registered number: 02948615)

Balance Sheet - continued
30 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





M J Francis - Director


Premier Plants of Ledsham Ltd (Registered number: 02948615)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Premier Plants of Ledsham Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided and Straight line over 5 years
Plant and machinery etc - 33% on reducing balance, 25% on cost and 20% on cost

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 Profit & Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Premier Plants of Ledsham Ltd (Registered number: 02948615)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 221,914 606,678 828,592
Additions 72,714 478,769 551,483
At 30 April 2023 294,628 1,085,447 1,380,075
DEPRECIATION
At 1 May 2022 14,067 267,053 281,120
Charge for year 5,963 142,493 148,456
At 30 April 2023 20,030 409,546 429,576
NET BOOK VALUE
At 30 April 2023 274,598 675,901 950,499
At 30 April 2022 207,847 339,625 547,472

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022 287,817
Additions 182,158
At 30 April 2023 469,975
DEPRECIATION
At 1 May 2022 82,069
Charge for year 69,016
At 30 April 2023 151,085
NET BOOK VALUE
At 30 April 2023 318,890
At 30 April 2022 205,748

Premier Plants of Ledsham Ltd (Registered number: 02948615)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 800,431 586,609
Amounts owed by group undertakings 234,711 384,753
Other debtors 294,767 267,667
1,329,909 1,239,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 68,840 188,901
Hire purchase contracts and finance leases 69,385 65,503
Trade creditors 1,293,895 969,680
Amounts owed to group undertakings 15,894 188,385
Taxation and social security 63,100 200,418
Other creditors 579,433 483,121
2,090,547 2,096,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 654,408 299,524
Hire purchase contracts and finance leases 162,412 113,031
816,820 412,555

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 379,048 116,165

Premier Plants of Ledsham Ltd (Registered number: 02948615)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 723,248 488,425
Hire purchase contracts and finance leases 231,797 178,534
955,045 666,959

1) Debenture dated 19/07/2012 - Fixed charge all right title estate and other interests in all freehold or leasehold property all book debts goodwill and uncalled capital by way of assignment all rents the benefit of all guarantees warranties and representations and all agreements contracts floating charge the undertaking and all other property and assets, in favour of Santander UK Plc.

2) Legal charge dated 19/07/2012 - Freehold property known as land on the west side of Ledsham Lane, Ledsham, in favor of Santander UK Plc.

3) Legal charge dated 21/10/2021 - Fixed and floating charge which covers all the property or undertaking of the company and a negative pledge, in favour of Aldermore Bank Plc.

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
M J Francis
Balance outstanding at start of year 35,474 -
Amounts advanced 105,494 35,474
Amounts repaid (91,976 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,992 35,474

During the year, interest free, unsecured advances were made to the director, and were repayable on demand.

10. LOAN WRITE OFF

During the year an amount of £75,232 due to Suttons Nurseries Ltd (SN) from Premier Plants of Ledsham Ltd (PPL) was written off by SN. The amount released has been debited to the profit and loss account. The director is of the opinion that due to the connection between SN and PPL and its directors, the write off is not chargeable to Corporation Tax under the loan relationship rules. Therefore no provision has been made for Corporation Tax within these accounts.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Premier Plants of Ledsham Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premier Plants of Ledsham Ltd for the year ended 30 April 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Premier Plants of Ledsham Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Plants of Ledsham Ltd and state those matters that we have agreed to state to the director of Premier Plants of Ledsham Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Plants of Ledsham Ltd and its director for our work or for this report.

It is your duty to ensure that Premier Plants of Ledsham Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Premier Plants of Ledsham Ltd. You consider that Premier Plants of Ledsham Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premier Plants of Ledsham Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


31 October 2023