IRIS Accounts Production v23.3.0.418 02094388 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 1.00000 85102 81407 11181 7250 6272 10945 80193 85102 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020943882022-06-30020943882023-06-30020943882022-07-012023-06-30020943882021-06-30020943882021-07-012022-06-30020943882022-06-3002094388ns10:Originalns15:EnglandWales2022-07-012023-06-3002094388ns14:PoundSterlingns10:Original2022-07-012023-06-3002094388ns10:Originalns10:Director12022-07-012023-06-3002094388ns10:Original2022-07-012023-06-3002094388ns10:Original2023-06-3002094388ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002094388ns10:Originalns10:SmallEntities2022-07-012023-06-3002094388ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002094388ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002094388ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002094388ns10:Originalns10:FullAccounts2022-07-012023-06-3002094388ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002094388ns10:Original42ns10:Director22022-06-3002094388ns10:Original42ns10:Director22021-06-3002094388ns10:Original42ns10:Director22022-07-012023-06-3002094388ns10:Original42ns10:Director22021-07-012022-06-3002094388ns10:Original42ns10:Director22023-06-3002094388ns10:Original42ns10:Director22022-06-3002094388ns10:Originalns10:Director22022-07-012023-06-3002094388ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002094388ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002094388ns10:Original2022-06-3002094388ns10:Originalns5:CurrentFinancialInstruments2023-06-3002094388ns10:Originalns5:CurrentFinancialInstruments2022-06-3002094388ns5:ShareCapitalns10:Original2023-06-3002094388ns5:ShareCapitalns10:Original2022-06-3002094388ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002094388ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002094388ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3002094388ns10:Originalns5:PlantMachinery2022-07-012023-06-3002094388ns10:Originalns5:FurnitureFittings2022-07-012023-06-3002094388ns10:Originalns5:MotorVehicles2022-07-012023-06-3002094388ns10:Original2021-07-012022-06-3002094388ns10:Originalns5:LandBuildings2022-06-3002094388ns10:Originalns5:PlantMachinery2022-06-3002094388ns10:Originalns5:FurnitureFittings2022-06-3002094388ns10:Originalns5:MotorVehicles2022-06-3002094388ns10:Original2022-06-3002094388ns10:Originalns5:LandBuildings2022-07-012023-06-3002094388ns10:Originalns5:LandBuildings2023-06-3002094388ns10:Originalns5:PlantMachinery2023-06-3002094388ns10:Originalns5:FurnitureFittings2023-06-3002094388ns10:Originalns5:MotorVehicles2023-06-3002094388ns10:Originalns5:LandBuildings2022-06-3002094388ns10:Originalns5:PlantMachinery2022-06-3002094388ns10:Originalns5:FurnitureFittings2022-06-3002094388ns10:Originalns5:MotorVehicles2022-06-3002094388ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002094388ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002094388ns5:WithinOneYear2023-06-3002094388ns5:WithinOneYear2022-06-3002094388ns10:Originalns10:OrdinaryShareClass12023-06-3002094388ns10:Original1ns10:Director12022-06-3002094388ns10:Original1ns10:Director12021-06-3002094388ns10:Original1ns10:Director12022-07-012023-06-3002094388ns10:Original1ns10:Director12021-07-012022-06-3002094388ns10:Original1ns10:Director12023-06-3002094388ns10:Original1ns10:Director12022-06-30
REGISTERED NUMBER: 02094388 (England and Wales)






ATLANTIC NURSERIES (WHOLESALE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






ATLANTIC NURSERIES (WHOLESALE) LIMITED (REGISTERED NUMBER: 02094388)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATLANTIC NURSERIES (WHOLESALE) LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: A J Weatherer
Mrs P M Weatherer





SECRETARY: Mrs P M Weatherer





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 02094388 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

ATLANTIC NURSERIES (WHOLESALE) LIMITED (REGISTERED NUMBER: 02094388)

BALANCE SHEET
30 June 2023

30/6/23 30/6/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 346,222 356,697

CURRENT ASSETS
Stocks 75 70
Debtors 5 5,724 6,873
Cash at bank 2,234 43,202
8,033 50,145
CREDITORS
Amounts falling due within one year 6 (295,938 ) (341,832 )
NET CURRENT LIABILITIES (287,905 ) (291,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,317

65,010

PROVISIONS FOR LIABILITIES (3,750 ) (4,325 )
NET ASSETS 54,567 60,685

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 54,417 60,535
SHAREHOLDERS' FUNDS 54,567 60,685

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.

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 15 November 2023 and were signed on its behalf by:



A J Weatherer - Director


ATLANTIC NURSERIES (WHOLESALE) LIMITED (REGISTERED NUMBER: 02094388)

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

1. STATUTORY INFORMATION

Atlantic Nurseries (Wholesale) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

As at the 30 June 2023 the balance sheet reflects net current liabilities amounting to £287,905 However, included within creditors due within one year is an amount due to the directors of £80,193 and £200,000 due to a company owned by the directors. The directors have given their assurance that they will not request repayment of these amounts until other creditors of the company have been settled and believe that this situation will reverse in the foreseeable future and therefore consider the going concern basis of preparation appropriate.

Income
Turnover and income is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rental income is recognised in the income statement for the period in which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 20 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

ATLANTIC NURSERIES (WHOLESALE) LIMITED (REGISTERED NUMBER: 02094388)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 398,281 38,250 4,964 19,295 460,790
Disposals - - - (10,000 ) (10,000 )
At 30 June 2023 398,281 38,250 4,964 9,295 450,790
DEPRECIATION
At 1 July 2022 46,704 37,360 4,239 15,790 104,093
Charge for year 9,261 133 109 447 9,950
Eliminated on disposal - - - (9,475 ) (9,475 )
At 30 June 2023 55,965 37,493 4,348 6,762 104,568
NET BOOK VALUE
At 30 June 2023 342,316 757 616 2,533 346,222
At 30 June 2022 351,577 890 725 3,505 356,697

Included within freehold property is an amount of £213,064 (2022 : £213,064) which consists of land and a cottage. This is not depreciated as the directors believe that by continuing to maintain this asset to a high standard, ensures that its value is retained over the period of ownership. The carrying value is reviewed each year by the directors for impairment.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 4,931 5,337
Prepayments 793 1,536
5,724 6,873

ATLANTIC NURSERIES (WHOLESALE) LIMITED (REGISTERED NUMBER: 02094388)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 1,525 1,885
Corporation tax payable 833 1,308
Social security & other taxes 99 44
VAT 1,397 804
Other creditors 205,120 245,142
Wages control 367 -
Directors' loan accounts 80,193 85,102
Accrued expenses 6,404 7,547
295,938 341,832

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
150 Ordinary £1 150 150

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30/6/23 30/6/22
£    £   
A J Weatherer and Mrs P M Weatherer
Balance outstanding at start of year (85,102 ) (81,407 )
Amounts advanced 11,181 7,250
Amounts repaid (6,272 ) (10,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (80,193 ) (85,102 )

No interest is charged on loans due to the directors. Amounts are repayable on demand.