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REGISTERED NUMBER: 05572879 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Bell Plantation (Garden Centre) Limited

Bell Plantation (Garden Centre) Limited (Registered number: 05572879)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bell Plantation (Garden Centre) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: A R Warren
S L Warren
L D Warren
F R Warren
S L Gee
J H Warren





REGISTERED OFFICE: Bell Plantation (Garden Centre) Ltd
Watling Street
Towcester
NN12 6GX





REGISTERED NUMBER: 05572879 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Bell Plantation (Garden Centre) Limited (Registered number: 05572879)

Balance Sheet
30 September 2023

30.9.23 30.9.22
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 863,424 638,742

CURRENT ASSETS
Stocks 920,902 870,108
Debtors 5 212,098 509,694
Cash at bank and in hand 495,074 180,479
1,628,074 1,560,281
CREDITORS
Amounts falling due within one year 6 (911,171 ) (821,448 )
NET CURRENT ASSETS 716,903 738,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,580,327

1,377,575

CREDITORS
Amounts falling due after more than one
year

7

(357,753

)

(500,801

)

PROVISIONS FOR LIABILITIES (95,465 ) (22,866 )
NET ASSETS 1,127,109 853,908

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,127,008 853,807
1,127,109 853,908

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 27 February 2024 and were signed on its behalf by:





F R Warren - Director


Bell Plantation (Garden Centre) Limited (Registered number: 05572879)

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

1. STATUTORY INFORMATION

Bell Plantation (Garden Centre) 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.

Changes in accounting policies
The company has changed its accounting policy to include depreciation on improvements to property at a rate of 10% on cost and 4% on cost. Previously no depreciation was charged on improvements to property and annual impairment reviews were undertaken. This change in policy has been made because it is the directors' opinion that the net book value more accurately reflects the value of the company's assets and is inline with the requirements of the Companies Act 2006 regarding the depreciation of fixed assets. The effect on the financial statements of the change in accounting policy is described in Note 4.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost and 4% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - Straight line over 7 years
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Up to the year ended 30 September 2022, the depreciation was provided at the following rates:

Fixtures and fittings- 18% on reducing balance
Motor vehicles- 18% on reducing balance
Computer equipment- 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after makings due allowance for obsolete and slow moving items.

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.


Bell Plantation (Garden Centre) Limited (Registered number: 05572879)

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 74 (2022 - 71 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 328,501 219,700 364,983
Additions 100,461 1,070 213,383
At 30 September 2023 428,962 220,770 578,366
DEPRECIATION
At 1 October 2022 48,602 114,679 194,346
Charge for year 25,368 44,011 62,441
At 30 September 2023 73,970 158,690 256,787
NET BOOK VALUE
At 30 September 2023 354,992 62,080 321,579
At 30 September 2022 279,899 105,021 170,637

Bell Plantation (Garden Centre) Limited (Registered number: 05572879)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 65,492 111,792 1,090,468
Additions - 84,406 399,320
At 30 September 2023 65,492 196,198 1,489,788
DEPRECIATION
At 1 October 2022 23,173 70,926 451,726
Charge for year 18,135 24,683 174,638
At 30 September 2023 41,308 95,609 626,364
NET BOOK VALUE
At 30 September 2023 24,184 100,589 863,424
At 30 September 2022 42,319 40,866 638,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Trade debtors 53 3,735
Amounts owed by group undertakings 131,742 453,254
Other debtors 80,303 52,705
212,098 509,694

Other debtors includes prepayments and accrued income of £23,936 (2022 - £19,078).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans and overdrafts 130,377 127,780
Hire purchase contracts 10,048 10,048
Trade creditors 519,258 422,105
Taxation and social security 177,178 190,221
Other creditors 74,310 71,294
911,171 821,448

Other creditors includes accruals and deferred income of £59,319 (2022 - £54,037).

Bell Plantation (Garden Centre) Limited (Registered number: 05572879)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans 353,566 486,566
Hire purchase contracts 4,187 14,235
357,753 500,801

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
as restated
£    £   
Bank loans 483,943 614,346
Hire purchase contract 14,235 24,283
498,178 638,629

The bank loan is secured against the improvement to property and fixtures and fittings included in fixed assets.
The hire purchase contracts are secured against the fixed assets they relate to.

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were unable to observe the counting of physical stock held by the company at 30 September 2022 because we were not appointed as auditor of the company until September 2023. We were unable to satisfy ourselves by alternative means concerning the stock quantities of £870,108 held at 30 September 2022 by using other audit procedures. Consequently we were unable to determine whether any adjustment to these amounts in the balance sheet at 30 September 2022 was necessary or whether there was any consequential effect on cost of sales for the year ended 30 September 2023.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters on which we are required to report by exception
Arising solely from the limitation on the scope of our work relating to stock, referred to above:
- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
- we were unable to determine whether adequate accounting records have been kept.

Mark Torr (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited