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Company Registration No. 6504684 (England and Wales)
Foalyard Nurseries Limited Unaudited accounts for the year ended 31 March 2024
Foalyard Nurseries Limited Unaudited accounts Contents
Page
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Foalyard Nurseries Limited Company Information for the year ended 31 March 2024
Directors
LJ Hall LJ Sheedy S Beardmore C Coley Carol Coley Lindsay Sheedy Linsey J Hall Sophie Beardmore
Company Number
6504684 (England and Wales)
Registered Office
The Foalyards Dukes Meadows Grendon Atherstone, Warks CV9 3DP
Accountants
Practical Accounting Limited 50 Ashby Road Tamworth Staffordshire B79 8AD
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Foalyard Nurseries Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Foalyard Nurseries Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Practical Accounting Limited Chartered Accountants 50 Ashby Road Tamworth Staffordshire B79 8AD 30 April 2024
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Foalyard Nurseries Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,337 
52,162 
Current assets
Debtors
28,270 
12,937 
Cash at bank and in hand
102,945 
55,141 
131,215 
68,078 
Creditors: amounts falling due within one year
(168,006)
(119,246)
Net current liabilities
(36,791)
(51,168)
Net assets
7,546 
994 
Capital and reserves
Called up share capital
130 
130 
Profit and loss account
7,416 
864 
Shareholders' funds
7,546 
994 
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 directors acknowledge their 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 of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
C Coley Director Company Registration No. 6504684
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Foalyard Nurseries Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Foalyard Nurseries Limited is a private company, limited by shares, registered in England and Wales, registration number 6504684. The registered office is The Foalyards, Dukes Meadows, Grendon, Atherstone, Warks, CV9 3DP.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
15% reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
123,695 
At 31 March 2024
123,695 
Depreciation
At 1 April 2023
71,533 
Charge for the year
7,825 
At 31 March 2024
79,358 
Net book value
At 31 March 2024
44,337 
At 31 March 2023
52,162 
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Foalyard Nurseries Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,270 
12,937 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
32,789 
2,926 
Other creditors
122,227 
109,627 
Loans from directors
12,990 
6,693 
168,006 
119,246 
7
Transactions with related parties
The amounts due to the directors included in creditors falling due within one year were £12,990 (£6,693)
8
Average number of employees
During the year the average number of employees was 45 (2023: 42).
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