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REGISTERED NUMBER: NI624057 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Dundonald Nurseries Limited

Dundonald Nurseries Limited (Registered number: NI624057)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dundonald Nurseries Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A McCully
A McCully





SECRETARY:





REGISTERED OFFICE: 70 Old Dundonald Road
Dundonald
Belfast
Co. Down
BT16 0XS





REGISTERED NUMBER: NI624057 (Northern Ireland)





ACCOUNTANT: R Savage & Company
Accountants & Taxation Consultants
Old Bank House
2 Crossgar Road
Saintfield
Ballynahinch
Co. Down
BT24 7BD

Dundonald Nurseries Limited (Registered number: NI624057)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,287,798 1,290,212

CURRENT ASSETS
Stocks 655,000 845,000
Debtors 5 292,471 275,999
Prepayments and accrued income 151,464 -
Cash at bank and in hand 641,054 396,832
1,739,989 1,517,831
CREDITORS
Amounts falling due within one year 6 532,745 446,511
NET CURRENT ASSETS 1,207,244 1,071,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,495,042

2,361,532

CREDITORS
Amounts falling due after more than one
year

7

470,979

503,536
NET ASSETS 2,024,063 1,857,996

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 2,024,033 1,857,966
SHAREHOLDERS' FUNDS 2,024,063 1,857,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dundonald Nurseries Limited (Registered number: NI624057)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 2 May 2024 and were signed on its behalf by:





Mrs A McCully - Director


Dundonald Nurseries Limited (Registered number: NI624057)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Dundonald Nurseries Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2022 - 70 ) .

Dundonald Nurseries Limited (Registered number: NI624057)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,095 1,729,733 1,731,828
Additions 8,600 133,320 141,920
At 31 December 2023 10,695 1,863,053 1,873,748
DEPRECIATION
At 1 January 2023 - 441,616 441,616
Charge for year - 144,334 144,334
At 31 December 2023 - 585,950 585,950
NET BOOK VALUE
At 31 December 2023 10,695 1,277,103 1,287,798
At 31 December 2022 2,095 1,288,117 1,290,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 292,471 275,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Payments on account 130 130
Trade creditors 161,397 203,753
Taxation and social security 287,759 220,920
Other creditors 83,459 21,708
532,745 446,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 470,979 503,536

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 30,753 40,510