5 false false false false false false false false false false true false false false false true true No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,945 1,922 256 2,178 767 1,023 xbrli:pure xbrli:shares iso4217:GBP 10609386 2023-03-01 2024-02-29 10609386 2024-02-29 10609386 2023-02-28 10609386 2022-03-01 2023-02-28 10609386 2023-02-28 10609386 2022-02-28 10609386 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10609386 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 10609386 bus:OrdinaryShareClass3 2023-03-01 2024-02-29 10609386 bus:OrdinaryShareClass4 2023-03-01 2024-02-29 10609386 bus:Director1 2023-03-01 2024-02-29 10609386 core:WithinOneYear 2024-02-29 10609386 core:WithinOneYear 2023-02-28 10609386 core:UKTax 2023-03-01 2024-02-29 10609386 core:UKTax 2022-03-01 2023-02-28 10609386 core:ShareCapital 2024-02-29 10609386 core:ShareCapital 2023-02-28 10609386 core:RetainedEarningsAccumulatedLosses 2024-02-29 10609386 core:RetainedEarningsAccumulatedLosses 2023-02-28 10609386 bus:SmallEntities 2023-03-01 2024-02-29 10609386 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10609386 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10609386 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10609386 bus:FullAccounts 2023-03-01 2024-02-29 10609386 bus:OrdinaryShareClass1 2024-02-29 10609386 bus:OrdinaryShareClass1 2023-02-28 10609386 bus:OrdinaryShareClass2 2024-02-29 10609386 bus:OrdinaryShareClass2 2023-02-28 10609386 bus:OrdinaryShareClass3 2024-02-29 10609386 bus:OrdinaryShareClass3 2023-02-28 10609386 bus:OrdinaryShareClass4 2024-02-29 10609386 bus:OrdinaryShareClass4 2023-02-28 10609386 bus:AllOrdinaryShares 2024-02-29 10609386 bus:AllOrdinaryShares 2023-02-28 10609386 core:OfficeEquipment 2023-03-01 2024-02-29 10609386 core:OfficeEquipment 2024-02-29 10609386 core:OfficeEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 10609386
Nature Provides Limited
Filleted Unaudited Financial Statements
29 February 2024
Nature Provides Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
767
1,023
Current assets
Stocks
15,505
5,770
Debtors
7
69,034
12,458
Cash at bank and in hand
416,926
133,746
---------
---------
501,465
151,974
Creditors: amounts falling due within one year
8
255,148
102,028
---------
---------
Net current assets
246,317
49,946
---------
--------
Total assets less current liabilities
247,084
50,969
Provisions
Taxation including deferred tax
188
---------
--------
Net assets
246,896
50,969
---------
--------
Capital and reserves
Called up share capital
9
4
4
Profit and loss account
246,892
50,965
---------
--------
Shareholders funds
246,896
50,969
---------
--------
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 income and retained earnings has not been delivered.
For the year ending 29 February 2024 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 year 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 .
Nature Provides Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
Peter Kelly
Director
Company registration number: 10609386
Nature Provides Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stil House, Lower Road, Forest Row, East Sussex, RH18 5HE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Equipment
-
25% reducing balance
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 stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
95,737
21,963
Deferred tax:
Origination and reversal of timing differences
188
--------
--------
Tax on profit
95,925
21,963
--------
--------
6. Tangible assets
Equipment
£
Cost
At 1 March 2023 and 29 February 2024
2,945
-------
Depreciation
At 1 March 2023
1,922
Charge for the year
256
-------
At 29 February 2024
2,178
-------
Carrying amount
At 29 February 2024
767
-------
At 28 February 2023
1,023
-------
7. Debtors
2024
2023
£
£
Trade debtors
52,837
12,458
Prepayments and accrued income
2,251
Directors loan account
13,946
--------
--------
69,034
12,458
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
89,148
43,699
Accruals and deferred income
1,170
1,125
Corporation tax
95,737
21,963
Social security and other taxes
64,301
31,862
Director loan accounts
446
Other creditors
4,792
2,933
---------
---------
255,148
102,028
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 0.25 each
4
1
4
1
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
Ordinary C shares of £ 1 each
1
1
1
1
----
----
----
----
7
4
7
4
----
----
----
----
10. Directors' advances, credits and guarantees
At the year end the directors owed the company £13,946. This amount was repaid shortly after the period end.