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REGISTERED NUMBER: 04831901 (England and Wales)















ABC NURSERIES (COVENTRY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ABC NURSERIES (COVENTRY) LIMITED (REGISTERED NUMBER: 04831901)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABC NURSERIES (COVENTRY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: S L Ginn



REGISTERED OFFICE: 20 Rochester Road
Earlsdon
Coventry
West Midlands
CV5 6AD



REGISTERED NUMBER: 04831901 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: HSBC
Po Box 24
55 Corporation Street
Coventry
West Midlands
CV1 1QJ

ABC NURSERIES (COVENTRY) LIMITED (REGISTERED NUMBER: 04831901)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,061 54,651
48,061 54,651

CURRENT ASSETS
Debtors 6 - 1,923
Prepayments and accrued income 3,601 4,936
Cash at bank and in hand 35,960 23,855
39,561 30,714
CREDITORS
Amounts falling due within one year 7 47,044 38,034
NET CURRENT LIABILITIES (7,483 ) (7,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,578

47,331

PROVISIONS FOR LIABILITIES (11,723 ) (10,384 )

ACCRUALS AND DEFERRED INCOME (2,987 ) (6,371 )
NET ASSETS 25,868 30,576

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 25,768 30,476
25,868 30,576

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





S L Ginn - Director


ABC NURSERIES (COVENTRY) LIMITED (REGISTERED NUMBER: 04831901)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

ABC Nurseries (Coventry) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover
Turnover represents gross invoices for services.

Goodwill
Goodwill has been fully amortised.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 5% on cost
Fixtures and fittings - 15% reducing balance
Computer Equipment - 33% on cost


Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

ABC NURSERIES (COVENTRY) LIMITED (REGISTERED NUMBER: 04831901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 30,003
AMORTISATION
At 1 August 2022
and 31 July 2023 30,003
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 150,202
DEPRECIATION
At 1 August 2022 95,551
Charge for year 6,590
At 31 July 2023 102,141
NET BOOK VALUE
At 31 July 2023 48,061
At 31 July 2022 54,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,923

ABC NURSERIES (COVENTRY) LIMITED (REGISTERED NUMBER: 04831901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 10,763 12,046
Trade creditors 4,320 3,896
Amounts owed to group undertakings 3,015 1,015
Taxation and social security 23,224 15,831
Other creditors 5,722 5,246
47,044 38,034

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 43,457 41,057
Between one and five years 147,729 145,586
In more than five years 82,800 118,800
273,986 305,443

Rental lease commitments include £262,800 in respect of obligations to the Holding Company ABC Nurseries (Coventry) 20 Limited for the property from which the company trades. This is under an original 15 year lease established in 2015.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal 2017 2016
Value: £ £
250 A Ordinary 10p 25 25
250 B Ordinary 10p 25 25
250 C Ordinary 10p 25 25
250 D Ordinary 10p 25 25



The 250 redeemable A shares may be redeemed at par at any time in whole or in part at the option of the company.

10. RELATED PARTY DISCLOSURES

The ultimate controlling party is ABC Nurseries (Coventry) 20Limited,.

Registered office, 20 Rochester Road, Coventry, CV5 6AD.