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REGISTERED NUMBER: 04734858 (England and Wales)









FOUR CROSSES NURSERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MAY 2022 TO 31 AUGUST 2023






FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FOUR CROSSES NURSERY LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023







DIRECTORS: Mr G Swaine
Mrs S H Swaine





REGISTERED OFFICE: Elms Field
Domgay Lane
Four Crosses
Llanymynech
Powys
SY22 6SL





REGISTERED NUMBER: 04734858 (England and Wales)





ACCOUNTANTS: Morgans
Clive House
Severn Road
Welshpool
Powys
SY21 7AL

FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 367 315
Tangible assets 5 2,038,999 1,758,881
2,039,366 1,759,196

CURRENT ASSETS
Stocks 1,216,577 796,524
Debtors 6 564,609 694,187
Cash at bank 34 194,596
1,781,220 1,685,307
CREDITORS
Amounts falling due within one year 7 945,062 948,296
NET CURRENT ASSETS 836,158 737,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,875,524

2,496,207

CREDITORS
Amounts falling due after more than one
year

8

(310,669

)

-

PROVISIONS FOR LIABILITIES (145,421 ) (154,571 )
NET ASSETS 2,419,434 2,341,636

FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,418,434 2,340,636
2,419,434 2,341,636

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 26 March 2024 and were signed on its behalf by:





Mr G Swaine - Director


FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


1. STATUTORY INFORMATION

Four Crosses Nursery Ltd 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 2003, has been amortised evenly over its estimated 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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements - 4% Straight Line
Plant & Machinery - 25% 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 period 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 statement of financial position date.


FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 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 statement of financial position 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 period 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 period was 21 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2022 30,000 788 30,788
Additions - 357 357
At 31 August 2023 30,000 1,145 31,145
AMORTISATION
At 1 May 2022 30,000 473 30,473
Charge for period - 305 305
At 31 August 2023 30,000 778 30,778
NET BOOK VALUE
At 31 August 2023 - 367 367
At 30 April 2022 - 315 315

FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Freehold Plant &
property Improvements Machinery Totals
£    £    £    £   
COST
At 1 May 2022 411,904 643,604 1,618,752 2,674,260
Additions 332,990 34,383 235,506 602,879
Disposals - - (84,520 ) (84,520 )
At 31 August 2023 744,894 677,987 1,769,738 3,192,619
DEPRECIATION
At 1 May 2022 - 114,904 800,475 915,379
Charge for period - 34,345 269,612 303,957
Eliminated on disposal - - (65,716 ) (65,716 )
At 31 August 2023 - 149,249 1,004,371 1,153,620
NET BOOK VALUE
At 31 August 2023 744,894 528,738 765,367 2,038,999
At 30 April 2022 411,904 528,700 818,277 1,758,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 558,262 694,187
Other debtors 6,347 -
564,609 694,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 263,108 -
Trade creditors 222,842 542,118
Taxation and social security 92,499 108,565
Other creditors 366,613 297,613
945,062 948,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 310,669 -

FOUR CROSSES NURSERY LTD (REGISTERED NUMBER: 04734858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,669 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 318,469 -

The Bank loan is secured on the asset to which it relates.