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
ERITH HORTICULTURE LIMITED
Company Information
for the year ended 31 July 2023
Company Number
05172536 (England and Wales)
Registered Office
16-18 WOODFORD ROAD
LONDON
E7 0HA
ERITH HORTICULTURE LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
549,981
554,858
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
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
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
ERITH HORTICULTURE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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.
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 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 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 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.
ERITH HORTICULTURE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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
At 31 July 2023
500,000
292,654
792,654
At 1 August 2022
-
226,016
226,016
Charge for the year
-
16,657
16,657
At 31 July 2023
-
242,673
242,673
At 31 July 2023
500,000
49,981
549,981
At 31 July 2022
500,000
54,858
554,858
Amounts falling due within one year
Trade debtors
1,069,828
1,064,552
Other debtors
334,104
450,588
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
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
Obligations under finance leases and hire purchase contracts
2,474
12,653
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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).