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REGISTERED NUMBER: 07399585 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NATURE TRAIL NURSERY LTD

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NATURE TRAIL NURSERY LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Ms A J Hilton
Miss S L Brindley





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 07399585 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,440 72,528
Tangible assets 5 314,343 326,643
374,783 399,171

CURRENT ASSETS
Debtors 6 78,775 104,672
Cash at bank and in hand 73,930 80,402
152,705 185,074
CREDITORS
Amounts falling due within one year 7 154,884 168,569
NET CURRENT (LIABILITIES)/ASSETS (2,179 ) 16,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,604

415,676

CREDITORS
Amounts falling due after more than one year 8 (299,711 ) (325,597 )

PROVISIONS FOR LIABILITIES 10 (5,997 ) (7,200 )
NET ASSETS 66,896 82,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,796 82,779
SHAREHOLDERS' FUNDS 66,896 82,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Miss S L Brindley - Director


NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Nature Trail 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 2020, is being amortised evenly over its estimated useful 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 15% on reducing balance and over the remaining term of the lease
Fixtures and fittings - 15% on reducing balance
Toys and equipment - 33% on cost

Tangible fixed assets are recorded at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors included loans to related undertakings are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Directors loan accounts accrue interest using an effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 40 ) .

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 120,880
AMORTISATION
At 1 May 2023 48,352
Charge for year 12,088
At 30 April 2024 60,440
NET BOOK VALUE
At 30 April 2024 60,440
At 30 April 2023 72,528

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 361,918 132,404 494,322
Additions - 1,931 1,931
At 30 April 2024 361,918 134,335 496,253
DEPRECIATION
At 1 May 2023 65,748 101,931 167,679
Charge for year 7,238 6,993 14,231
At 30 April 2024 72,986 108,924 181,910
NET BOOK VALUE
At 30 April 2024 288,932 25,411 314,343
At 30 April 2023 296,170 30,473 326,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,853 32,367
Other debtors 50,922 72,305
78,775 104,672

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,182 21,355
Trade creditors 26,451 24,813
Amounts owed to related undertakings - 45,000
Taxation and social security 30,238 11,553
Other creditors 75,013 65,848
154,884 168,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 299,711 324,721
Other creditors - 876
299,711 325,597

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 322,893 346,076

The bank loan is secured by way of a debenture over all assets and a first legal charge over the property.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,997 7,200

Deferred
tax
£   
Balance at 1 May 2023 7,200
Provided during year (1,203 )
Balance at 30 April 2024 5,997

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments amounting to £125,645 (2023: £197,207).

NATURE TRAIL NURSERY LTD (REGISTERED NUMBER: 07399585)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES

During the previous year the company received funds of £45,000 from a company with common directors. The amount was fully repaid during this year.

A management charge amounting to £22,978 (2023:£45,758) has been raised, which remains outstanding at the year end.