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REGISTERED NUMBER: 03794932















WARWICKSHIRE PLANT LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,900 1,900
Tangible assets 5 836,346 841,653
838,246 843,553

CURRENT ASSETS
Stocks 16,197 12,428
Debtors 6 12,864 20,339
Cash at bank 117 3,618
29,178 36,385
CREDITORS
Amounts falling due within one year 7 44,343 47,417
NET CURRENT LIABILITIES (15,165 ) (11,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,081

832,521

CREDITORS
Amounts falling due after more than
one year

8

(263,184

)

(282,399

)

PROVISIONS FOR LIABILITIES (116,508 ) (114,387 )
NET ASSETS 443,389 435,735

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 409,197 409,197
Retained earnings 34,190 26,536
SHAREHOLDERS' FUNDS 443,389 435,735

WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:




Mrs C Askew - Director



J Askew - Director


WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Warwickshire Plant Limited is a private company limited by shares. The company is registered in England under number 03794932 and the address of the registered office is Barclays Bank Chambers, Bridge Street, Stratford Upon Avon, Warwickshire, CV37 6AH. The company's place of business is Five Ways Nurseries, Haseley Knob, Warwick, CV35 7NJ.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land and buildings - 2% on cost of buildings and not provided on land
Plant and machinery - 25% on reducing balance, 15% on reducing balance and over the period of the lease

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 Profit and Loss account, 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.


WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 January 2023
and 31 December 2023 1,900
NET BOOK VALUE
At 31 December 2023 1,900
At 31 December 2022 1,900

WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 736,391 319,644 1,056,035
Additions - 27,227 27,227
Disposals - (28,900 ) (28,900 )
At 31 December 2023 736,391 317,971 1,054,362
DEPRECIATION
At 1 January 2023 21,610 192,772 214,382
Charge for year 1,061 31,416 32,477
Eliminated on disposal - (28,843 ) (28,843 )
At 31 December 2023 22,671 195,345 218,016
NET BOOK VALUE
At 31 December 2023 713,720 122,626 836,346
At 31 December 2022 714,781 126,872 841,653

Included in cost of land and buildings is freehold land of £ 683,301 (2022 - £ 683,301 ) which is not depreciated.

Land and buildings are held at deemed cost on transition to FRS 102. That value included revaluations in previous years when the excess over cost of £505,181 had been transferred to the revaluation reserve.

WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 118,475
Additions 21,500
At 31 December 2023 139,975
DEPRECIATION
At 1 January 2023 37,804
Charge for year 23,118
At 31 December 2023 60,922
NET BOOK VALUE
At 31 December 2023 79,053
At 31 December 2022 80,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,733 13,240
Other debtors 3,131 7,099
12,864 20,339

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 20,697 28,701
Taxation and social security 2,182 -
Other creditors 21,464 18,716
44,343 47,417

WARWICKSHIRE PLANT LIMITED (REGISTERED NUMBER: 03794932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,559 22,902
Other creditors 246,625 259,497
263,184 282,399

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 121,933 130,948

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 161,454 170,469

The bank loan and mortgages are secured by fixed and floating charges over all assets of the company, including the freehold property known as Five Ways Nurseries, Haseley Knob, Warwick, CV35 7NJ.