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REGISTERED NUMBER: 06762548 (England and Wales)















Lucksbridge Horticulture Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Lucksbridge Horticulture Limited (Registered number: 06762548)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Lucksbridge Horticulture Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Ball
Mrs J Ball





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 06762548 (England and Wales)






Lucksbridge Horticulture Limited (Registered number: 06762548)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,076 582,067

CURRENT ASSETS
Stocks 225,444 235,276
Debtors 5 251,944 160,628
Cash at bank 3,141 2,943
480,529 398,847
CREDITORS
Amounts falling due within one year 6 360,204 285,431
NET CURRENT ASSETS 120,325 113,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,401

695,483

CREDITORS
Amounts falling due after more than one
year

7

701,255

749,859
NET LIABILITIES (53,854 ) (54,376 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (63,854 ) (64,376 )
SHAREHOLDERS' FUNDS (53,854 ) (54,376 )

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.

Lucksbridge Horticulture Limited (Registered number: 06762548)

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 23 September 2024 and were signed on its behalf by:




S J Ball - Director



Mrs J Ball - Director


Lucksbridge Horticulture Limited (Registered number: 06762548)

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

1. STATUTORY INFORMATION

Lucksbridge Horticulture 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.
Freehold property - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

Lucksbridge Horticulture Limited (Registered number: 06762548)

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

4. TANGIBLE FIXED ASSETS
Improvements
to
Freehold leasehold
property property Lagoon
£    £    £   
COST
At 1 January 2023
and 31 December 2023 505,414 76,498 29,572
DEPRECIATION
At 1 January 2023 114,841 8,455 11,867
Charge for year 15,411 3,152 755
At 31 December 2023 130,252 11,607 12,622
NET BOOK VALUE
At 31 December 2023 375,162 64,891 16,950
At 31 December 2022 390,573 68,043 17,705

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 161,417 34,702 63,363 870,966
DEPRECIATION
At 1 January 2023 92,358 20,053 41,325 288,899
Charge for year 12,555 8,574 14,544 54,991
At 31 December 2023 104,913 28,627 55,869 343,890
NET BOOK VALUE
At 31 December 2023 56,504 6,075 7,494 527,076
At 31 December 2022 69,059 14,649 22,038 582,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 251,944 160,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 45,874 52,453
Hire purchase contracts 35,888 40,902
Trade creditors 145,411 147,899
Taxation and social security 6,155 5,033
Other creditors 126,876 39,144
360,204 285,431

Lucksbridge Horticulture Limited (Registered number: 06762548)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 701,255 749,859