SP HORTICULTURE LTD

Company Registration Number:
12883443 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

SP HORTICULTURE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SP HORTICULTURE LTD

Company Information

for the Period Ended 30 September 2023




Registered office: Units 15-18
Hales Industrial Park
Rowley's Green Lane
Coventry
CV6 6AT
Company Registration Number: 12883443 (England and Wales)

SP HORTICULTURE LTD

Profit and Loss Account

for the Period Ended 30 September 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 1,683,377 573,638
Administrative Expenses ( 839,929 ) ( 524,200 )
Operating Profit or (Loss) 843,448 49,438
Interest Receivable and Similar Income - 2,527
Profit or (Loss) Before Tax 843,448 51,965
Tax on Profit ( 210,862 ) ( 10,639 )
Profit or (Loss) for Period 632,586 41,326

The notes form part of these financial statements

SP HORTICULTURE LTD

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 8,166 7,194
Total fixed assets: 8,166 7,194
Current assets
Stocks: 742,119 420,101
Debtors: 234,030
Cash at bank and in hand: 149,382 17,425
Total current assets: 1,125,531 437,526
Creditors: amounts falling due within one year: ( 290,123 ) ( 245,494 )
Net current assets (liabilities): 835,408 192,032
Total assets less current liabilities: 843,574 199,226
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 100 )
Total net assets (liabilities): 843,474 199,226

The notes form part of these financial statements

SP HORTICULTURE LTD

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 843,473 199,225
Shareholders funds: 843,474 199,226

For the year ending 30 September 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 June 2024
And Signed On Behalf Of The Board By:

Name: Jasvinder Singh Mangat
Status: Director

The notes form part of these financial statements

SP HORTICULTURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SP HORTICULTURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 13 8

SP HORTICULTURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

SP HORTICULTURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 7,194
Additions 1,000
Disposals -
Revaluations -
Transfers -
At 30 September 2023 8,194
Depreciation
At 01 October 2022 -
Charge for year 28
On disposals -
Other adjustments -
At 30 September 2023 28
Net book value
At 30 September 2023 8,166
At 30 September 2022 7,194

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold Buildings: over 50 years
Leasehold land and buildings: over the lease term
Plant and machinery: over 5 years
Fixtures, fittings, tools and equipment: 10% reducing balance