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Registration number: 01391364

Westerham Heights Nurseries Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Westerham Heights Nurseries Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Westerham Heights Nurseries Limited

Company Information

Director

S Scott

Company secretary

J P Scott

Registered office

74A Station Road East
Oxted
Surrey
RH8 0PG

Accountants

Smart Accounting & Tax Solutions LLP
Chartered Accountants
74A Station Road East
Oxted
Surrey
RH8 0PG

 

Westerham Heights Nurseries Limited

(Registration number: 01391364)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

49,103

64,740

Current assets

 

Stocks

5

180,608

202,120

Debtors

6

5,825

10,482

Cash at bank and in hand

 

89,401

115,223

 

275,834

327,825

Creditors: Amounts falling due within one year

7

(148,475)

(131,616)

Net current assets

 

127,359

196,209

Total assets less current liabilities

 

176,462

260,949

Provisions for liabilities

(1,098)

(1,783)

Net assets

 

175,364

259,166

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

175,264

259,066

Shareholders' funds

 

175,364

259,166

 

Westerham Heights Nurseries Limited

(Registration number: 01391364)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2024
 

.........................................
S Scott
Director

   
     
 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
74A Station Road East
Oxted
Surrey
RH8 0PG
England

The principal place of business is:
Main Road
Westerham Hill
Kent
TN16 2HW

These financial statements were authorised for issue by the director on 19 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities, being the operation of Westerham Heights Nursery. Turnover is shown net value added tax, returns and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises corporation tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Straight line

Fixtures and fittings

15% Straight line

Motor vehicles

25% Reducing balance

Short leashold

2.5% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts paid by customers on credit card that have not been paid into the bank account at the year end.

Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less estimated selling price less costs to completion and selling costs.

 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

20,379

8,575

82,067

70,160

181,181

Additions

-

-

2,025

-

2,025

At 31 January 2024

20,379

8,575

84,092

70,160

183,206

Depreciation

At 1 February 2023

18,379

8,575

57,992

31,498

116,444

Charge for the year

500

-

5,068

12,091

17,659

At 31 January 2024

18,879

8,575

63,060

43,589

134,103

Carrying amount

At 31 January 2024

1,500

-

21,032

26,571

49,103

At 31 January 2023

2,000

-

24,078

38,662

64,740

 

Westerham Heights Nurseries Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

5

Stocks

2024
£

2023
£

Other inventories

180,608

202,120

6

Debtors

Current

2024
£

2023
£

Trade debtors

118

849

Prepayments

2,500

3,053

Other debtors

3,207

6,580

 

5,825

10,482

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

56,800

44,144

Taxation and social security

897

3,504

Accruals and deferred income

74,439

71,133

Other creditors

16,339

12,835

148,475

131,616

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100