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REGISTERED NUMBER: 00465053 (England and Wales)






















Berrygate Hill Nurseries Limited

Financial Statements for the Year Ended 30th November 2023






Berrygate Hill Nurseries Limited (Registered number: 00465053)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Berrygate Hill Nurseries Limited

Company Information
for the year ended 30th November 2023







DIRECTORS: P A Overvoorde
Mrs R J Overvoorde
R M Sayers FCA





SECRETARY: Mrs R J Overvoorde





REGISTERED OFFICE: Hull Road
Keyingham
East Yorkshire
HU12 9ST





REGISTERED NUMBER: 00465053 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Berrygate Hill Nurseries Limited (Registered number: 00465053)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,215,210 1,279,524
Investments 5 107,578 107,578
1,322,788 1,387,102

CURRENT ASSETS
Stocks 1,202,241 866,327
Debtors 6 929,869 1,189,194
Cash in hand 681 812
2,132,791 2,056,333
CREDITORS
Amounts falling due within one year 7 1,554,673 1,512,990
NET CURRENT ASSETS 578,118 543,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,900,906

1,930,445

CREDITORS
Amounts falling due after more than one
year

8

(624,695

)

(769,769

)

PROVISIONS FOR LIABILITIES (126,599 ) (104,537 )

ACCRUALS AND DEFERRED INCOME (50,986 ) -
NET ASSETS 1,098,626 1,056,139

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Retained earnings 1,053,626 1,011,139
SHAREHOLDERS' FUNDS 1,098,626 1,056,139

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 Board of Directors and authorised for issue on 27th August 2024 and were signed on its behalf by:





P A Overvoorde - Director


Berrygate Hill Nurseries Limited (Registered number: 00465053)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Berrygate Hill 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.

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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is calculated to write down the cost of all fixed assets (excluding land) by equal annual instalments over their expected useful lives.

The rates generally applicable are:-
Buildings2%
Glasshouses5%
Plant andequipment20%
Motor Vehicles20%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock and work in progress is stated at the lower of cost and net realisable value. Cost represents that expenditure which has been incurred in the normal course of business in bringing the product to its present location and condition.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. In the case of work in progress and finished goods, cost consists of direct materials, direct labour and attributable production overheads based on normal levels of activity.

Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.


Berrygate Hill Nurseries Limited (Registered number: 00465053)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefits
The company operates a defined contribution pension scheme. Contributions to this scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 40 ) .

Berrygate Hill Nurseries Limited (Registered number: 00465053)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Glass-houses
Freehold Freehold and
property land Buildings
£    £    £   
COST
At 1st December 2022 140,223 56,857 2,769,652
Additions - - 11,345
Disposals - - -
At 30th November 2023 140,223 56,857 2,780,997
DEPRECIATION
At 1st December 2022 68,035 - 2,120,002
Charge for year 2,804 - 60,733
At 30th November 2023 70,839 - 2,180,735
NET BOOK VALUE
At 30th November 2023 69,384 56,857 600,262
At 30th November 2022 72,188 56,857 649,650

Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 3,173,314 163,179 6,303,225
Additions 85,580 - 96,925
Disposals - (500 ) (500 )
At 30th November 2023 3,258,894 162,679 6,399,650
DEPRECIATION
At 1st December 2022 2,722,034 113,630 5,023,701
Charge for year 84,679 12,523 160,739
At 30th November 2023 2,806,713 126,153 5,184,440
NET BOOK VALUE
At 30th November 2023 452,181 36,526 1,215,210
At 30th November 2022 451,280 49,549 1,279,524

The directors consider the market value of land, freehold property, glasshouses and buildings to be approximately £2,885,000 based on a professional valuation carried out in April 2024 for bank purposes.

Berrygate Hill Nurseries Limited (Registered number: 00465053)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st December 2022
and 30th November 2023 107,578
NET BOOK VALUE
At 30th November 2023 107,578
At 30th November 2022 107,578

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 620,136 644,077
Amounts owed by group undertakings - 537,598
Other debtors 9,054 7,519
629,190 1,189,194

Amounts falling due after more than one year:
Amounts owed by group undertakings 300,679 -

Aggregate amounts 929,869 1,189,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 703,906 581,222
Hire purchase contracts 12,329 12,131
Trade creditors 462,004 531,845
Amounts owed to group undertakings 14,922 14,922
Taxation and social security 125,883 39,884
Other creditors 235,629 332,986
1,554,673 1,512,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 284,945 419,921
Hire purchase contracts 39,750 49,848
Other creditors 300,000 300,000
624,695 769,769

Berrygate Hill Nurseries Limited (Registered number: 00465053)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 571,862 456,644
Bank loans 416,989 544,499
Hire purchase contracts 52,079 61,979
1,040,930 1,063,122

The bank overdraft, bank loans and hire purchase contracts are secured by fixed charges on the land and premises, a fixed charge on the company's book debts and a floating charge on all assets.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

11. OTHER FINANCIAL COMMITMENTS

The company has given a unlimited multilateral guarantee in respect of borrowings of East End Nurseries (Keyingham) Limited. At 30th November 2023 the potential liability of the company under the arrangement was £nil (2022 £247,350).

At 30th November 2023 operating lease commitments total £105,185 (2022 £80,417) of which £65,382 (2022 £78,491) are due within one year.