The Ivytree Nursery Hampton Limited 09969364 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Nursery Digita Accounts Production Advanced 6.30.9574.0 true true 09969364 2022-04-01 2023-03-31 09969364 2023-03-31 09969364 bus:OrdinaryShareClass1 2023-03-31 09969364 bus:Revised 2023-03-31 09969364 core:CurrentFinancialInstruments 2023-03-31 09969364 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09969364 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09969364 core:FurnitureFittingsToolsEquipment 2023-03-31 09969364 core:OtherPropertyPlantEquipment 2023-03-31 09969364 bus:SmallEntities 2022-04-01 2023-03-31 09969364 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09969364 bus:AbridgedAccounts 2022-04-01 2023-03-31 09969364 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09969364 bus:RegisteredOffice 2022-04-01 2023-03-31 09969364 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 09969364 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09969364 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09969364 core:Goodwill 2022-04-01 2023-03-31 09969364 core:NetGoodwill 2022-04-01 2023-03-31 09969364 core:FurnitureFittings 2022-04-01 2023-03-31 09969364 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 09969364 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 09969364 core:PlantMachinery 2022-04-01 2023-03-31 09969364 countries:England 2022-04-01 2023-03-31 09969364 2022-03-31 09969364 core:FurnitureFittingsToolsEquipment 2022-03-31 09969364 core:OtherPropertyPlantEquipment 2022-03-31 09969364 2021-04-01 2022-03-31 09969364 2022-03-31 09969364 bus:OrdinaryShareClass1 2022-03-31 09969364 core:CurrentFinancialInstruments 2022-03-31 09969364 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09969364 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 09969364 core:FurnitureFittingsToolsEquipment 2022-03-31 09969364 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09969364

The Ivytree Nursery Hampton Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

The Ivytree Nursery Hampton Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

The Ivytree Nursery Hampton Limited

Company Information

Director

Liane James

Company secretary

Liane James

Registered office

Charles Rippin & Turner
Middlesex House
130 College Road
HA1 1BQ

Accountants

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

The Ivytree Nursery Hampton Limited

(Registration number: 09969364)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

182,897

144,901

Current assets

 

Debtors

6

23,060

15,731

Cash at bank and in hand

 

16,760

24,809

 

39,820

40,540

Creditors: Amounts falling due within one year

(2,015)

(8,028)

Net current assets

 

37,805

32,512

Total assets less current liabilities

 

220,702

177,413

Creditors: Amounts falling due after more than one year

(15,000)

(15,000)

Accruals and deferred income

 

(4,725)

(4,500)

Net assets

 

200,977

157,913

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

200,877

157,813

Shareholders' funds

 

200,977

157,913

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 November 2023
 

 

The Ivytree Nursery Hampton Limited

(Registration number: 09969364)
Abridged Balance Sheet as at 31 March 2023

.........................................
Liane James
Company secretary and director

 

The Ivytree Nursery Hampton Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
HA1 1BQ

These financial statements were authorised for issue by the director on 1 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

The Ivytree Nursery Hampton Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Reducing balance

Plant and machinery

20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

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.

 

The Ivytree Nursery Hampton Limited

Notes to the Unaudited Abridged Financial Statements 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

The Ivytree Nursery Hampton Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2022

50,000

At 31 March 2023

50,000

Amortisation

At 1 April 2022

50,000

At 31 March 2023

50,000

Carrying amount

At 31 March 2023

-

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

199,754

23,728

223,482

Additions

79,803

-

79,803

Disposals

(40,273)

-

(40,273)

At 31 March 2023

239,284

23,728

263,012

Depreciation

At 1 April 2022

60,503

18,078

78,581

Charge for the year

39,951

1,856

41,807

Eliminated on disposal

(40,273)

-

(40,273)

At 31 March 2023

60,181

19,934

80,115

Carrying amount

At 31 March 2023

179,103

3,794

182,897

At 31 March 2022

139,251

5,650

144,901

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

The Ivytree Nursery Hampton Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100