9 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13913533 2023-01-01 2023-12-31 13913533 2023-12-31 13913533 2022-12-31 13913533 2022-01-01 2022-12-31 13913533 2022-12-31 13913533 2021-12-31 13913533 core:PlantMachinery 2023-01-01 2023-12-31 13913533 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13913533 core:MotorVehicles 2023-01-01 2023-12-31 13913533 bus:RegisteredOffice 2023-01-01 2023-12-31 13913533 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13913533 bus:Director1 2023-01-01 2023-12-31 13913533 bus:Director2 2023-01-01 2023-12-31 13913533 bus:Director3 2023-01-01 2023-12-31 13913533 core:PlantMachinery 2022-12-31 13913533 core:FurnitureFittingsToolsEquipment 2022-12-31 13913533 core:MotorVehicles 2022-12-31 13913533 core:PlantMachinery 2023-12-31 13913533 core:FurnitureFittingsToolsEquipment 2023-12-31 13913533 core:MotorVehicles 2023-12-31 13913533 core:WithinOneYear 2023-12-31 13913533 core:WithinOneYear 2022-12-31 13913533 core:ShareCapital 2023-12-31 13913533 core:ShareCapital 2022-12-31 13913533 core:RetainedEarningsAccumulatedLosses 2023-12-31 13913533 core:RetainedEarningsAccumulatedLosses 2022-12-31 13913533 core:PlantMachinery 2022-12-31 13913533 core:FurnitureFittingsToolsEquipment 2022-12-31 13913533 core:MotorVehicles 2022-12-31 13913533 bus:Director1 2022-12-31 13913533 bus:Director1 2023-12-31 13913533 bus:Director2 2022-12-31 13913533 bus:Director2 2023-12-31 13913533 bus:Director3 2022-12-31 13913533 bus:Director3 2023-12-31 13913533 bus:Director1 2022-12-31 13913533 bus:Director2 2022-12-31 13913533 bus:Director3 2022-12-31 13913533 bus:Director1 2022-01-01 2022-12-31 13913533 bus:Director2 2022-01-01 2022-12-31 13913533 bus:Director3 2022-01-01 2022-12-31 13913533 bus:SmallEntities 2023-01-01 2023-12-31 13913533 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13913533 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13913533 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13913533 bus:FullAccounts 2023-01-01 2023-12-31
Company registration number: 13913533
Newstead Nurseries Ltd
Unaudited filleted financial statements
31 December 2023
Newstead Nurseries Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Newstead Nurseries Ltd
Directors and other information
Directors Mr D M Hughes (Appointed 14 February 2022)
Mrs H L Hughes (Appointed 14 February 2022)
Mr M Hughes (Appointed 14 February 2022)
Company number 13913533
Registered office 10 Cliff Parade
Wakefield
West Yorkshire
WF1 2TA
Accountants Streets Andrew Wright
10 Cliff Parade
Wakefield
West Yorkshire
WF1 2TA
Newstead Nurseries Ltd
Statement of financial position
31 December 2023
31/12/23 31/12/22
Note £ £ £ £
Fixed assets
Tangible assets 5 47,799 29,654
_______ _______
47,799 29,654
Current assets
Stocks 1,045,000 1,164,400
Debtors 6 25,524 92,119
Cash at bank and in hand 7,552 1,521
_______ _______
1,078,076 1,258,040
Creditors: amounts falling due
within one year 7 ( 1,062,264) ( 1,248,988)
_______ _______
Net current assets 15,812 9,052
_______ _______
Total assets less current liabilities 63,611 38,706
_______ _______
Net assets 63,611 38,706
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account 63,411 38,506
_______ _______
Shareholders funds 63,611 38,706
_______ _______
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr D M Hughes
Director
Company registration number: 13913533
Newstead Nurseries Ltd
Notes to the financial statements
Period ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 10 Cliff Parade, Wakefield, West Yorkshire, WF1 2TA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 9 (2022: 10 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 5,000 24,750 4,000 33,750
Additions 26,655 308 - 26,963
_______ _______ _______ _______
At 31 December 2023 31,655 25,058 4,000 60,713
_______ _______ _______ _______
Depreciation
At 562 2,784 750 4,096
Charge for the year 4,664 3,342 812 8,818
_______ _______ _______ _______
At 31 December 2023 5,226 6,126 1,562 12,914
_______ _______ _______ _______
Carrying amount
At 31 December 2023 26,429 18,932 2,438 47,799
_______ _______ _______ _______
At 31 December 2022 4,438 21,966 3,250 29,654
_______ _______ _______ _______
6. Debtors
31/12/23 31/12/22
£ £
Trade debtors 5,286 1,471
Other debtors 20,238 90,648
_______ _______
25,524 92,119
_______ _______
7. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Bank loans and overdrafts 324,323 248,078
Trade creditors 250,405 529,555
Corporation tax 13,566 11,872
Social security and other taxes 17,979 12,578
Other creditors 455,991 446,905
_______ _______
1,062,264 1,248,988
_______ _______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Year ended 31/12/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D M Hughes ( 154,732) - 8,250 ( 146,482)
Mrs H L Hughes ( 123,282) - 3,000 ( 120,282)
Mr M Hughes ( 126,282) - 3,000 ( 123,282)
_______ _______ _______ _______
( 404,296) - 14,250 ( 390,046)
_______ _______ _______ _______
Period ended 31/12/22
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D M Hughes - ( 154,732) - ( 154,732)
Mrs H L Hughes - ( 123,282) - ( 123,282)
Mr M Hughes - ( 126,282) - ( 126,282)
_______ _______ _______ _______
- ( 404,296) - ( 404,296)
_______ _______ _______ _______