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REGISTERED NUMBER: 07942013 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BLOOMSBURY NURSERY LIMITED

BLOOMSBURY NURSERY LIMITED (REGISTERED NUMBER: 07942013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLOOMSBURY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R S Peebles
Miss S J Barratt





REGISTERED OFFICE: Grange Acre
Bloomsbury
SHIFNAL
Shropshire
TF11 8RT





REGISTERED NUMBER: 07942013 (England and Wales)





ACCOUNTANTS: Prince Accountancy
Chartered Certified Accountants
Charter House
Sandford Street
Lichfield
Staffordshire
WS13 6QA

BLOOMSBURY NURSERY LIMITED (REGISTERED NUMBER: 07942013)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,754 67,147
Tangible assets 5 173,941 140,796
232,695 207,943

CURRENT ASSETS
Stocks 40,660 21,629
Debtors 14,962 9,476
Cash at bank and in hand 15,580 65,092
71,202 96,197
CREDITORS
Amounts falling due within one year 39,798 41,704
NET CURRENT ASSETS 31,404 54,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,099

262,436

CREDITORS
Amounts falling due after more than one
year

6

(98,623

)

(115,961

)

PROVISIONS FOR LIABILITIES (2,419 ) (3,033 )
NET ASSETS 163,057 143,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,957 143,342
SHAREHOLDERS' FUNDS 163,057 143,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BLOOMSBURY NURSERY LIMITED (REGISTERED NUMBER: 07942013)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




R S Peebles - Director



Miss S J Barratt - Director


BLOOMSBURY NURSERY LIMITED (REGISTERED NUMBER: 07942013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Bloomsbury Nursery 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of eighteen years.

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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BLOOMSBURY NURSERY LIMITED (REGISTERED NUMBER: 07942013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 151,081
AMORTISATION
At 1 March 2022 83,934
Amortisation for year 8,393
At 28 February 2023 92,327
NET BOOK VALUE

At 28 February 2023 58,754
At 28 February 2022 67,147

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 190,538
Additions 39,062
At 28 February 2023 229,600
DEPRECIATION
At 1 March 2022 49,742
Charge for year 5,917
At 28 February 2023 55,659
NET BOOK VALUE
At 28 February 2023 173,941
At 28 February 2022 140,796

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28/2/23 28/2/22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 38,717 46,609