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REGISTERED NUMBER: 03481837 (England and Wales)





















Financial Statements

for the Year Ended 30 September 2023

for

Triangle Nursery Limited

Triangle Nursery Limited (Registered number: 03481837)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Triangle Nursery Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M P Kenny
M S Willson





SECRETARY: M S Willson





REGISTERED OFFICE: Building 32
Bentwaters Parks
Rendlesham
Woodbridge
Suffolk
IP12 2TW





REGISTERED NUMBER: 03481837 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Triangle Nursery Limited (Registered number: 03481837)

Abridged Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,050 214,745
Investments 5 257 267
209,307 215,012

CURRENT ASSETS
Stocks 193,435 88,288
Debtors 61,892 291,273
Cash at bank 401,009 299,926
656,336 679,487
CREDITORS
Amounts falling due within one year 367,371 337,629
NET CURRENT ASSETS 288,965 341,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,272

556,870

CREDITORS
Amounts falling due after more than one
year

(76,483

)

(121,767

)

PROVISIONS FOR LIABILITIES 7 (42,591 ) (39,406 )
NET ASSETS 379,198 395,697

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 378,998 395,497
SHAREHOLDERS' FUNDS 379,198 395,697

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

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

Triangle Nursery Limited (Registered number: 03481837)

Abridged Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 September 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 9 February 2024 and were signed on its behalf by:





M S Willson - Director


Triangle Nursery Limited (Registered number: 03481837)

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

1. STATUTORY INFORMATION

Triangle 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 as modified by the revaluation of certain assets.

Turnover
The turnover represents net invoiced sales of goods and services, excluding value added tax, arising from wholesale and internet sales of flowers and related products.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. Depreciation is applied monthly from the month of addition to the month prior to disposal.
Plant & machinery - 25% on reducing balance
Fixtures & fittings -25% on reducing balance
Motor vehicles -25% on reducing balance
Short leasehold -straight line over the 7 year lease


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.

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 18 (2022 - 28 ) .

Triangle Nursery Limited (Registered number: 03481837)

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

4. TANGIBLE FIXED ASSETS


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 October 2022 267
Revaluations (10 )
At 30 September 2023 257
NET BOOK VALUE
At 30 September 2023 257
At 30 September 2022 267

Cost or valuation at 30 September 2023 is represented by:
Totals
£   
Valuation in 2016 (885 )
Valuation in 2017 (254 )
Valuation in 2018 (44 )
Valuation in 2019 (78 )
Valuation in 2020 (229 )
Valuation in 2021 130
Valuation in 2022 (85 )
Valuation in 0 (10 )
Cost 1,712
257

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 77,413 71,249
Between one and five years 301,999 284,373
In more than five years 69,394 134,167
448,806 489,789

7. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 42,591 39,406

Triangle Nursery Limited (Registered number: 03481837)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 39,406
Provided during year 3,185
Balance at 30 September 2023 42,591

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200

9. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
M P Kenny and M S Willson
Balance outstanding at start of year 10,738 36,033
Amounts advanced 87,750 87,500
Amounts repaid (95,380 ) (112,795 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,108 10,738

10. ULTIMATE CONTROLLING PARTY

The controlling party is M S Willson.

11. EVENTS IMPACTING THE FINANCIAL STATEMENTS

In the financial year ended 30 September 2022 there was a fire at the business premises which resulted in loss of stock, destruction of assets and business interruption.
The sundry receipts in the profit and loss account (2022 and 2023) represents the insurance monies received or receivable in respect of business interruption and assets lost.
All expenditures associated with setting up new business premises have been show as fire expenditure in the profit and loss account (2022 and 2023).
The fixed asset disposals shown on the balance sheet and the loss on disposal in the profit and loss account relate to assets destroyed by the fire (2022).
The company secured new business premises during the financial year 2022 and have since been trading again.