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Company Registration No. 09467610 (England and Wales)
Hawksfield Nursery Ltd. Unaudited accounts for the year ended 31 March 2024
Hawksfield Nursery Ltd. Unaudited accounts Contents
Page
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Hawksfield Nursery Ltd. Company Information for the year ended 31 March 2024
Director
Rebecca Ann Pumphrey
Company Number
09467610 (England and Wales)
Registered Office
Hawksfield Nursery St. Breock, Wadebridge Cornwall PL27 7LR United Kingdom
Accountants
Eureka Accountants Limited 63 Lancing Road Newbury Park London IG2 7DQ
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Hawksfield Nursery Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,830 
49,569 
Current assets
Debtors
30,071 
26,710 
Cash at bank and in hand
58,176 
46,987 
88,247 
73,697 
Creditors: amounts falling due within one year
(60,416)
(61,499)
Net current assets
27,831 
12,198 
Net assets
101,661 
61,767 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
101,660 
61,766 
Shareholders' funds
101,661 
61,767 
For the year ending 31 March 2024 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 12 August 2024 and were signed on its behalf by
Rebecca Ann Pumphrey Director Company Registration No. 09467610
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Hawksfield Nursery Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09467610. The registered office is Hawksfield Nursery, St. Breock, Wadebridge, Cornwall, PL27 7LR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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 income 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 fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7% straight line method
Plant & machinery
10% straight line method
Fixtures & fittings
25% straight line method
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 due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 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.
Leased assets
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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
86,293 
7,359 
17,431 
111,083 
Additions
32,676 
344 
2,850 
35,870 
At 31 March 2024
118,969 
7,703 
20,281 
146,953 
Depreciation
At 1 April 2023
44,016 
4,591 
12,907 
61,514 
Charge for the year
8,328 
770 
2,511 
11,609 
At 31 March 2024
52,344 
5,361 
15,418 
73,123 
Net book value
At 31 March 2024
66,625 
2,342 
4,863 
73,830 
At 31 March 2023
42,277 
2,768 
4,524 
49,569 
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Hawksfield Nursery Ltd. Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,071 
26,710 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
483 
486 
Taxes and social security
20,976 
7,893 
Other creditors
1,167 
1,573 
Loans from directors
- 
11,029 
Accruals
950 
1,850 
Deferred income
36,840 
38,668 
60,416 
61,499 
7
Average number of employees
During the year the average number of employees was 29 (2023: 23).
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