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REGISTERED NUMBER: 03533717 (England and Wales)


Financial Statements for the Year Ended 31 December 2023

for

Vicarage Nurseries Limited

Vicarage Nurseries Limited (Registered number: 03533717)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vicarage Nurseries Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs Palbinder Kaur
Mr Makhan Singh





SECRETARY: Mr Harjit Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 03533717 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Vicarage Nurseries Limited (Registered number: 03533717)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 643,476 663,692

CURRENT ASSETS
Stocks 490,280 346,980
Debtors 5 594,847 499,897
Cash at bank and in hand 121,320 191,117
1,206,447 1,037,994
CREDITORS
Amounts falling due within one year 6 1,851,846 1,589,810
NET CURRENT LIABILITIES (645,399 ) (551,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,923

)

111,876

CREDITORS
Amounts falling due after more than one
year

7

186,866

210,725
NET LIABILITIES (188,789 ) (98,849 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (188,889 ) (98,949 )
SHAREHOLDERS' FUNDS (188,789 ) (98,849 )

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.

Vicarage Nurseries Limited (Registered number: 03533717)

Statement of Financial Position - 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 19 September 2024 and were signed on its behalf by:





Mr Makhan Singh - Director


Vicarage Nurseries Limited (Registered number: 03533717)

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

1. STATUTORY INFORMATION

Vicarage 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.

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.
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 43 ) .

Vicarage Nurseries Limited (Registered number: 03533717)

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 16,800 1,544,007 1,560,807
Additions - 16,183 16,183
At 31 December 2023 16,800 1,560,190 1,576,990
DEPRECIATION
At 1 January 2023 - 897,115 897,115
Charge for year - 36,399 36,399
At 31 December 2023 - 933,514 933,514
NET BOOK VALUE
At 31 December 2023 16,800 626,676 643,476
At 31 December 2022 16,800 646,892 663,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 539,334 450,404
Other debtors 55,513 49,493
594,847 499,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 1,193,342 899,751
Trade creditors 150,802 375,774
Taxation and social security 100,500 49,167
Other creditors 407,202 265,118
1,851,846 1,589,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 24,167 33,707
Other creditors 162,699 177,018
186,866 210,725

Vicarage Nurseries Limited (Registered number: 03533717)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company is controlled by M S Padda. Details of M S Padda's interests in the company's share capital are set out in the director's report.

M S Padda is also a shareholder and director of M S Padda Properties Limited. An amount of £166,343 (2022 : £164,593 ) was receivable at the year end.

M S Padda is also a shareholder and director of Fusion Personnel Limited. An amount of £134,830 (2022 : £ 115,011) was payable at the year end.