Company Registration No. 09549898 (England and Wales)
Nellie's Nursery Limited
Unaudited accounts
for the year ended 30 April 2023
Nellie's Nursery Limited
Unaudited accounts
Contents
Nellie's Nursery Limited
Company Information
for the year ended 30 April 2023
Directors
V Proctor
R Proctor
Company Number
09549898 (England and Wales)
Registered Office
Thickthorn Farm
Norwich Road
Hethersett
Norwich
NR9 3AU
Accountants
Mrs A C Howell
13 Ipswich Grove
Norwich
Norfolk
NR2 2LU
Nellie's Nursery Limited
Statement of financial position
as at 30 April 2023
Tangible assets
34,972
39,826
Cash at bank and in hand
264,574
197,549
Creditors: amounts falling due within one year
(74,563)
(83,514)
Net current assets
193,095
116,988
Total assets less current liabilities
228,067
156,814
Provisions for liabilities
Deferred tax
(8,743)
(7,567)
Net assets
219,324
149,247
Called up share capital
100
100
Profit and loss account
219,224
149,147
Shareholders' funds
219,324
149,247
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by
V Proctor
Director
Company Registration No. 09549898
Nellie's Nursery Limited
Notes to the Accounts
for the year ended 30 April 2023
Nellie's Nursery Limited is a private company, limited by shares, registered in England and Wales, registration number 09549898. The registered office is Thickthorn Farm, Norwich Road, Hethersett, Norwich, NR9 3AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Nellie's Nursery Limited
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
49,609
48,866
11,551
110,026
Additions
-
790
5,522
6,312
At 30 April 2023
49,609
49,656
17,073
116,338
At 1 May 2022
28,290
35,116
6,794
70,200
Charge for the year
4,961
3,635
2,570
11,166
At 30 April 2023
33,251
38,751
9,364
81,366
At 30 April 2023
16,358
10,905
7,709
34,972
At 30 April 2022
21,319
13,750
4,757
39,826
Amounts falling due within one year
Accrued income and prepayments
3,084
2,953
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,016
1,170
Taxes and social security
34,610
24,793
Other creditors
1,383
1,370
Loans from directors
21,484
35,570
Deferred income
15,110
19,801
7
Transactions with related parties
The directors provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £21,484 (2022: £35,570).
8
Average number of employees
During the year the average number of employees was 26 (2022: 24).