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REGISTERED NUMBER: 04860529 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TRIFFITT NURSERIES LIMITED

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TRIFFITT NURSERIES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: Mr P E Triffitt



SECRETARY:



REGISTERED OFFICE: 12 Alma Square
Scarborough
North Yorkshire
YO11 1JU



REGISTERED NUMBER: 04860529 (England and Wales)



BANKERS: Virgin Money
39 Saturday Market Place
Beverley
East Yorkshire
HU17 9AQ

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 2,500
Property, plant and equipment 5 969,817 1,009,629
972,317 1,012,129

CURRENT ASSETS
Inventories 35,153 54,074
Debtors 6 164,604 153,775
Prepayments and accrued income 34,341 17,700
Cash at bank 279,233 150,315
513,331 375,864
CREDITORS
Amounts falling due within one year 7 628,292 240,586
NET CURRENT (LIABILITIES)/ASSETS (114,961 ) 135,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,356

1,147,407

CREDITORS
Amounts falling due after more than one
year

8

-

(418,191

)

PROVISIONS FOR LIABILITIES (75,111 ) (84,598 )
NET ASSETS 782,245 644,618

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 782,045 644,418
SHAREHOLDERS' FUNDS 782,245 644,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr P E Triffitt - Director


TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Triffitt Nurseries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions

The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration. goods and services supplied, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

There is no amortisation of water abstraction rights.

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold land - 0%
Improvements to property - 10% on cost
Motor vehicles - 20% and 25% on reducing balance
Plant and equipment - 5%, 20%, 33% on cost and 20% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Biological assets and agricultural produce are valued using the cost model.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 2,500
NET BOOK VALUE
At 30 November 2023 2,500
At 30 November 2022 2,500

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property equipment Vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 665,907 194,267 996,919 304,002 2,161,095
Additions - - 1,871 5,000 6,871
Disposals - - - (12,495 ) (12,495 )
At 30 November 2023 665,907 194,267 998,790 296,507 2,155,471
DEPRECIATION
At 1 December 2022 - 187,537 686,982 276,947 1,151,466
Charge for year - 2,585 36,653 6,536 45,774
Eliminated on disposal - - - (11,586 ) (11,586 )
At 30 November 2023 - 190,122 723,635 271,897 1,185,654
NET BOOK VALUE
At 30 November 2023 665,907 4,145 275,155 24,610 969,817
At 30 November 2022 665,907 6,730 309,937 27,055 1,009,629

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,199 128,367
Other debtors 10,405 25,408
164,604 153,775

TRIFFITT NURSERIES LIMITED (REGISTERED NUMBER: 04860529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 196,026 40,623
Trade creditors 32,248 35,581
Taxation and social security 103,212 44,404
Other creditors 296,806 119,978
628,292 240,586

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 197,504
Other creditors - 220,687
- 418,191

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 196,026 238,127

Bank loans are secured by way of legal mortgage including fixed and floating charges over all company assets and undertakings.