IRIS Accounts Production v23.3.1.45 01054835 Board of Directors 1.12.21 30.11.22 30.11.22 28.11.2023 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010548352021-11-30010548352022-11-30010548352021-12-012022-11-30010548352020-11-30010548352020-12-012021-11-30010548352021-11-3001054835ns16:EnglandWales2021-12-012022-11-3001054835ns15:PoundSterling2021-12-012022-11-3001054835ns11:Director12021-12-012022-11-3001054835ns11:PrivateLimitedCompanyLtd2021-12-012022-11-3001054835ns11:SmallEntities2021-12-012022-11-3001054835ns11:Audited2021-12-012022-11-3001054835ns11:SmallCompaniesRegimeForDirectorsReport2021-12-012022-11-3001054835ns11:SmallCompaniesRegimeForAccounts2021-12-012022-11-3001054835ns11:FullAccounts2021-12-012022-11-3001054835ns11:Director22021-12-012022-11-3001054835ns11:Director32021-12-012022-11-3001054835ns11:CompanySecretary12021-12-012022-11-3001054835ns11:RegisteredOffice2021-12-012022-11-3001054835ns6:CurrentFinancialInstruments2022-11-3001054835ns6:CurrentFinancialInstruments2021-11-3001054835ns6:Non-currentFinancialInstruments2022-11-3001054835ns6:Non-currentFinancialInstruments2021-11-3001054835ns6:ShareCapital2022-11-3001054835ns6:ShareCapital2021-11-3001054835ns6:RetainedEarningsAccumulatedLosses2022-11-3001054835ns6:RetainedEarningsAccumulatedLosses2021-11-3001054835ns6:LandBuildings2021-11-3001054835ns6:LongLeaseholdAssetsns6:LandBuildings2021-11-3001054835ns6:PlantMachinery2021-11-3001054835ns6:LandBuildings2021-12-012022-11-3001054835ns6:LongLeaseholdAssetsns6:LandBuildings2021-12-012022-11-3001054835ns6:PlantMachinery2021-12-012022-11-3001054835ns6:LandBuildings2022-11-3001054835ns6:LongLeaseholdAssetsns6:LandBuildings2022-11-3001054835ns6:PlantMachinery2022-11-3001054835ns6:LandBuildings2021-11-3001054835ns6:LongLeaseholdAssetsns6:LandBuildings2021-11-3001054835ns6:PlantMachinery2021-11-3001054835ns6:FurnitureFittings2021-11-3001054835ns6:MotorVehicles2021-11-3001054835ns6:ComputerEquipment2021-11-3001054835ns6:FurnitureFittings2021-12-012022-11-3001054835ns6:MotorVehicles2021-12-012022-11-3001054835ns6:ComputerEquipment2021-12-012022-11-3001054835ns6:FurnitureFittings2022-11-3001054835ns6:MotorVehicles2022-11-3001054835ns6:ComputerEquipment2022-11-3001054835ns6:FurnitureFittings2021-11-3001054835ns6:MotorVehicles2021-11-3001054835ns6:ComputerEquipment2021-11-3001054835ns6:WithinOneYearns6:CurrentFinancialInstruments2022-11-3001054835ns6:WithinOneYearns6:CurrentFinancialInstruments2021-11-3001054835ns6:Secured2022-11-3001054835ns6:Secured2021-11-30
REGISTERED NUMBER: 01054835 (England and Wales)


















East End Nurseries (Keyingham) Limited

Financial Statements for the Year Ended 30th November 2022






East End Nurseries (Keyingham) Limited (Registered number: 01054835)






Contents of the Financial Statements
for the year ended 30th November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


East End Nurseries (Keyingham) Limited

Company Information
for the year ended 30th November 2022







DIRECTORS: P A Overvoorde
Mrs R J Overvoorde
R M Sayers FCA





SECRETARY: Mrs R J Overvoorde





REGISTERED OFFICE: Hull Road
Keyingham
East Yorkshire
HU12 9ST





REGISTERED NUMBER: 01054835 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Balance Sheet
30th November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,456 422,306

CURRENT ASSETS
Stocks - 313,379
Debtors 5 621,894 316,237
Cash in hand - 4,753
621,894 634,369
CREDITORS
Amounts falling due within one year 6 880,735 446,876
NET CURRENT (LIABILITIES)/ASSETS (258,841 ) 187,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

(210,385

)

609,799

CREDITORS
Amounts falling due after more than one
year

7

-

512,769
NET (LIABILITIES)/ASSETS (210,385 ) 97,030

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (210,535 ) 96,880
SHAREHOLDERS' FUNDS (210,385 ) 97,030

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 28th November 2023 and were signed on its behalf by:





P A Overvoorde - Director


East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements
for the year ended 30th November 2022

1. STATUTORY INFORMATION

East End Nurseries (Keyingham) 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
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical convention.

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

Going concern
The financial statements continue to be prepared on a going concern basis.

The ability of the company to continue to meet its liabilities as they fall due is dependent upon the renewal of group banking facilities, which are secured in a relatively small part on the assets of the company. The existing facilities run until February 2024, at which time the bank will conduct their periodic review.

The directors do not consider this to constitute a material uncertainty over the company's ability to continue as a going concern given the substantial level of security that the group has to offer and the positive group financial forecasts prepared. The directors have a reasonable expectation that facilities will be renewed at the level required to maximise the new and exciting opportunities that present to the parent company.

Turnover
Turnover is measured at the fair value of the consideration received of receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risk 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 goods.

Tangible fixed assets
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.

Depreciation is calculated to write down the cost or valuation of all fixed assets (excluding freehold land) by equal annual instalments over their expected useful lives.

The rates generally applicable are:-

Buildings5%
Glasshouses5%
Plant and equipment10%-20%
Motor vehicles33%

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 2022

2. ACCOUNTING POLICIES - continued

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

Stock and work in progress is stated at the lower of cost and net realisable value. Cost represents that expenditure which has been incurred in the normal course of business in bringing the product to its present location and condition.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. In the case of work in progress and finished goods, cost consists of direct materials, direct labour and attributable production overheads based on normal levels of activity.

Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.

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.

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.

Employee benefits
The company operates a defined contribution pension scheme. Contributions to this scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 33 ) .

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 2022

4. TANGIBLE FIXED ASSETS
Freehold Plant and
land Buildings equipment
£    £    £   
COST
At 1st December 2021 500 220,260 1,156,256
Disposals - - (1,101,154 )
At 30th November 2022 500 220,260 55,102
DEPRECIATION
At 1st December 2021 - 176,675 1,147,792
Charge for year - 5,315 278
Eliminated on disposal - - (1,101,154 )
At 30th November 2022 - 181,990 46,916
NET BOOK VALUE
At 30th November 2022 500 38,270 8,186
At 30th November 2021 500 43,585 8,464

Fixtures
Motor and
Glass-houses vehicles fittings Totals
£    £    £    £   
COST
At 1st December 2021 1,144,283 31,000 2,587 2,554,886
Disposals (949,884 ) (4,500 ) - (2,055,538 )
At 30th November 2022 194,399 26,500 2,587 499,348
DEPRECIATION
At 1st December 2021 777,712 28,000 2,401 2,132,580
Charge for year - - 186 5,779
Eliminated on disposal (583,313 ) (3,000 ) - (1,687,467 )
At 30th November 2022 194,399 25,000 2,587 450,892
NET BOOK VALUE
At 30th November 2022 - 1,500 - 48,456
At 30th November 2021 366,571 3,000 186 422,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 13,302 109,146
Other debtors 608,592 207,091
621,894 316,237

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 247,350 241,790
Trade creditors 24,457 100,402
Amounts owed to group undertakings 537,598 50,000
Social security and other taxes 9,162 8,044
Other creditors 62,168 46,640
880,735 446,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Amounts owed to group undertakings - 512,769

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 247,350 241,790

The bank overdraft and bank loan are secured by fixed charges on the land and premises, a fixed charge on the company's book debts and a floating charge on all assets.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

10. OTHER FINANCIAL COMMITMENTS

The company has given guarantees in respect of borrowings of Berrygate Hill Nurseries Limited. At 30th November 2022 the potential liability of the company under the arrangement was £1,003,994 (2021 £1,141,998).