Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activity2022-12-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11697167 2022-12-01 2023-11-30 11697167 2021-12-01 2022-11-30 11697167 2023-11-30 11697167 2022-11-30 11697167 c:Director1 2022-12-01 2023-11-30 11697167 d:PlantMachinery 2022-12-01 2023-11-30 11697167 d:PlantMachinery 2023-11-30 11697167 d:PlantMachinery 2022-11-30 11697167 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11697167 d:OfficeEquipment 2022-12-01 2023-11-30 11697167 d:OfficeEquipment 2023-11-30 11697167 d:OfficeEquipment 2022-11-30 11697167 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11697167 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11697167 d:CurrentFinancialInstruments 2023-11-30 11697167 d:CurrentFinancialInstruments 2022-11-30 11697167 d:Non-currentFinancialInstruments 2023-11-30 11697167 d:Non-currentFinancialInstruments 2022-11-30 11697167 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11697167 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11697167 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11697167 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11697167 d:ShareCapital 2023-11-30 11697167 d:ShareCapital 2022-11-30 11697167 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 11697167 d:RetainedEarningsAccumulatedLosses 2023-11-30 11697167 d:RetainedEarningsAccumulatedLosses 2022-11-30 11697167 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11697167 c:OrdinaryShareClass1 2023-11-30 11697167 c:OrdinaryShareClass1 2022-11-30 11697167 c:FRS102 2022-12-01 2023-11-30 11697167 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11697167 c:FullAccounts 2022-12-01 2023-11-30 11697167 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11697167 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11697167










OLD TOLL NURSERY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
OLD TOLL NURSERY LTD
REGISTERED NUMBER:11697167

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,756
5,089

  
4,756
5,089

Current assets
  

Stocks
  
13,400
16,500

Cash at bank and in hand
 6 
190
608

  
13,590
17,108

Creditors: amounts falling due within one year
 7 
(4,002)
(4,421)

Net current assets
  
 
 
9,588
 
 
12,687

Total assets less current liabilities
  
14,344
17,776

Creditors: amounts falling due after more than one year
 8 
(60,000)
(51,340)

  

Net liabilities
  
(45,656)
(33,564)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
(45,658)
(33,566)

  
(45,656)
(33,564)


Page 1

 
OLD TOLL NURSERY LTD
REGISTERED NUMBER:11697167
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2024.




Sylvia Mills
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Old Toll Nursery Limited, 11697167, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Old Toll Cottage, Milford Road, Newtown, Powys, SY16 3HF.
The principal activity of the company is that of a nursery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis and assumed the continued support of the director.

Page 3

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 4

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2022
11,411
349
11,760


Additions
2,172
-
2,172



At 30 November 2023

13,583
349
13,932



Depreciation


At 1 December 2022
6,391
279
6,670


Charge for the year on owned assets
2,436
70
2,506



At 30 November 2023

8,827
349
9,176



Net book value



At 30 November 2023
4,756
-
4,756



At 30 November 2022
5,019
70
5,089

Page 6

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
190
608

190
608



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,442
1,337

Other taxation and social security
-
150

Other creditors
1,048
1,494

Accruals and deferred income
1,512
1,440

4,002
4,421



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
60,000
51,340

60,000
51,340



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


Page 7

 
OLD TOLL NURSERY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.

 
Page 8