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REGISTERED NUMBER: 04615068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WHELDONS NURSERIES LTD

WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHELDONS NURSERIES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: R J Wheldon
Mrs L E Wheldon



SECRETARY: R A E Bacon



REGISTERED OFFICE: 89 Thearne Lane
Woodmansey
Beverley
East Yorkshire
HU17 0SA



REGISTERED NUMBER: 04615068 (England and Wales)



ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF



BANKERS: HSBC
63 Market Place
Beverley
East Yorkshire

WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,875
Tangible assets 5 3,637 5,686
Investments 6 50 50
3,687 7,611

CURRENT ASSETS
Stocks 44,573 45,000
Debtors 7 117,019 143,565
Investments 8 27,285 480,004
Cash at bank 1,147,300 555,998
1,336,177 1,224,567
CREDITORS
Amounts falling due within one year 9 123,822 188,297
NET CURRENT ASSETS 1,212,355 1,036,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,216,042

1,043,881

CREDITORS
Amounts falling due after more than one year 10 (38,961 ) (44,147 )

PROVISIONS FOR LIABILITIES (691 ) (1,080 )
NET ASSETS 1,176,390 998,654

WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

BALANCE SHEET - continued
31 August 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,176,290 998,554
SHAREHOLDERS' FUNDS 1,176,390 998,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2023 and were signed on its behalf by:





R J Wheldon - Director


WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Wheldons Nurseries Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at 89 Thearne Lane, Woodmansey, Beverley, East Yorkshire.

The principal activity of the company is that of horticulture.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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

Turnover from the sale of goods is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten 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 cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 90,000
AMORTISATION
At 1 September 2022 88,125
Charge for year 1,875
At 31 August 2023 90,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,875

WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 82,311 14,830 97,141
Additions 663 - 663
At 31 August 2023 82,974 14,830 97,804
DEPRECIATION
At 1 September 2022 77,135 14,320 91,455
Charge for year 2,212 500 2,712
At 31 August 2023 79,347 14,820 94,167
NET BOOK VALUE
At 31 August 2023 3,627 10 3,637
At 31 August 2022 5,176 510 5,686

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 50
NET BOOK VALUE
At 31 August 2023 50
At 31 August 2022 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,163 137,134
Prepayments and accrued income 6,856 6,431
117,019 143,565

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 27,285 480,004

WHELDONS NURSERIES LTD (REGISTERED NUMBER: 04615068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,992 20,082
Amounts owed to group undertakings 17,622 17,089
Tax 48,161 35,121
Social security and other taxes 1,674 1,383
VAT 33,049 29,690
Directors' current accounts 3,509 81,186
Accruals and deferred income 3,815 3,746
123,822 188,297

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 years 38,961 44,147

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 38,961 44,147

11. RELATED PARTY DISCLOSURES

At the year end the company owed its director, R J Wheldon £3,509 (2022: £81,186).

This balance is interest free and repayable on demand.