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
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
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
Foalyard Nurseries Limited
Statement of financial position
as at 31 March 2024
Tangible assets
44,337
52,162
Cash at bank and in hand
102,945
55,141
Creditors: amounts falling due within one year
(168,006)
(119,246)
Net current liabilities
(36,791)
(51,168)
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
Foalyard Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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
Foalyard Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2024
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
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).