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Company Registration No. 05172536 (England and Wales)
ERITH HORTICULTURE LIMITED Unaudited accounts for the year ended 31 July 2023
ERITH HORTICULTURE LIMITED Unaudited accounts Contents
Page
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ERITH HORTICULTURE LIMITED Company Information for the year ended 31 July 2023
Director
TRACH MEI HOANG
Company Number
05172536 (England and Wales)
Registered Office
16-18 WOODFORD ROAD LONDON E7 0HA
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ERITH HORTICULTURE LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
549,981 
554,858 
Current assets
Inventories
1,393,469 
1,007,850 
Debtors
1,530,076 
1,641,284 
Investments
1,996,484 
1,996,484 
Cash at bank and in hand
278,339 
345,408 
5,198,368 
4,991,026 
Creditors: amounts falling due within one year
(497,160)
(294,680)
Net current assets
4,701,208 
4,696,346 
Total assets less current liabilities
5,251,189 
5,251,204 
Creditors: amounts falling due after more than one year
(101,647)
(126,462)
Provisions for liabilities
Deferred tax
(9,496)
(10,422)
Net assets
5,140,046 
5,114,320 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
5,139,046 
5,113,320 
Shareholders' funds
5,140,046 
5,114,320 
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 16 April 2024 and were signed on its behalf by
TRACH MEI HOANG Director Company Registration No. 05172536
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ERITH HORTICULTURE LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
ERITH HORTICULTURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05172536. The registered office is 16-18 WOODFORD ROAD, LONDON, E7 0HA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Depreciation is not provided on investment property assets as any depreciation charge would be immaterial FRS 102 (17.6).
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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.
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ERITH HORTICULTURE LIMITED Notes to the Accounts for the year ended 31 July 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
500,000 
280,874 
780,874 
Additions
- 
11,780 
11,780 
At 31 July 2023
500,000 
292,654 
792,654 
Depreciation
At 1 August 2022
- 
226,016 
226,016 
Charge for the year
- 
16,657 
16,657 
At 31 July 2023
- 
242,673 
242,673 
Net book value
At 31 July 2023
500,000 
49,981 
549,981 
At 31 July 2022
500,000 
54,858 
554,858 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,069,828 
1,064,552 
Other debtors
334,104 
450,588 
1,403,932 
1,515,140 
Amounts falling due after more than one year
Other debtors
126,144 
126,144 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
1,996,484 
1,996,484 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
344,446 
156,009 
Taxes and social security
113,787 
96,897 
Other creditors
19,018 
21,774 
Loans from directors
19,909 
20,000 
497,160 
294,680 
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ERITH HORTICULTURE LIMITED Notes to the Accounts for the year ended 31 July 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
99,173 
113,809 
Obligations under finance leases and hire purchase contracts
2,474 
12,653 
101,647 
126,462 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Loans to directors
Interest on directors loan is being charged and paid at the official rate of interest.
11
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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