Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 December 2023
Directors | |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 7 | ( | ( | |||||
Net assets | ( | |||||||
Capital and reserves | ||||||||
Profit and loss account | ( | |||||||
Shareholders' funds | ( |
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2024, and are signed on its behalf by: |
Director Registered Company No. 12266263 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Going concern | |
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Revenue from rendering of services | |
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Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Employee benefits | |
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Defined contribution pension plan | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Vehicles | ||
Office Equipment |
Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Related parties | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. The company has £282,643 of tax losses carried forward. The directors are confident that £100,000 will be used to offset tax payable in 2024-25 at an effective tax rate of 19%, so have recognised a deferred tax asset of £19,000 that is capable of recovery. This is recorded in the Balance Sheet in "Other Debtors". |
4. | Tangible fixed assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 January 23 | ||
Additions | ||
At 31 December 23 | ||
Depreciation and impairment | ||
At 01 January 23 | ||
Charge for year | ||
At 31 December 23 | ||
Net book value | ||
At 31 December 23 | ||
At 31 December 22 |
5. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Payments received on account | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
7. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Amounts owed to related parties | ||||
Total |
8. | Pension commitments |
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9. | Related party transactions |
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10. | Controlling party |
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The company is 100% owned by the parent organisation, Association Internationale des Producteurs de l'Horticulture (registered as an international non-profit entity in Belgium BE 0546.558.178) |
11. | Prior period policy changes |
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12. | Description of reasons for any change in chosen formats of the financial statments |
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The company is using FRS102 s1A as it no longer meets the tests for "micro" under FRS105. |