6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 25,000 2,500 2,500 5,000 20,000 22,500 xbrli:pure xbrli:shares iso4217:GBP 08891646 2023-04-01 2024-03-31 08891646 2024-03-31 08891646 2023-03-31 08891646 2022-04-01 2023-03-31 08891646 2023-03-31 08891646 2022-03-31 08891646 core:NetGoodwill 2023-04-01 2024-03-31 08891646 core:LandBuildings 2023-04-01 2024-03-31 08891646 core:PlantMachinery 2023-04-01 2024-03-31 08891646 core:FurnitureFittings 2023-04-01 2024-03-31 08891646 bus:Director1 2023-04-01 2024-03-31 08891646 core:NetGoodwill 2023-03-31 08891646 core:NetGoodwill 2024-03-31 08891646 core:LandBuildings 2023-03-31 08891646 core:PlantMachinery 2023-03-31 08891646 core:FurnitureFittings 2023-03-31 08891646 core:LandBuildings 2024-03-31 08891646 core:PlantMachinery 2024-03-31 08891646 core:FurnitureFittings 2024-03-31 08891646 core:WithinOneYear 2024-03-31 08891646 core:WithinOneYear 2023-03-31 08891646 core:AfterOneYear 2024-03-31 08891646 core:AfterOneYear 2023-03-31 08891646 core:ShareCapital 2024-03-31 08891646 core:ShareCapital 2023-03-31 08891646 core:RetainedEarningsAccumulatedLosses 2024-03-31 08891646 core:RetainedEarningsAccumulatedLosses 2023-03-31 08891646 core:NetGoodwill 2023-03-31 08891646 core:LandBuildings 2023-03-31 08891646 core:PlantMachinery 2023-03-31 08891646 core:FurnitureFittings 2023-03-31 08891646 bus:Director1 2023-03-31 08891646 bus:Director1 2024-03-31 08891646 bus:Director1 2022-03-31 08891646 bus:Director1 2023-03-31 08891646 bus:Director1 2022-04-01 2023-03-31 08891646 bus:SmallEntities 2023-04-01 2024-03-31 08891646 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08891646 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08891646 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08891646 bus:FullAccounts 2023-04-01 2024-03-31 08891646 core:OfficeEquipment 2023-04-01 2024-03-31 08891646 core:OfficeEquipment 2023-03-31 08891646 core:OfficeEquipment 2024-03-31 08891646 bus:Director1 bus:ExecutiveOfficer 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08891646
Swallows Nursery & Plant Centre Limited
Filleted Unaudited Financial Statements
31 March 2024
Swallows Nursery & Plant Centre Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
20,000
22,500
Tangible assets
6
429,516
344,925
---------
---------
449,516
367,425
Current assets
Stocks
72,000
30,500
Debtors
7
11,322
9,357
Cash at bank and in hand
7,299
5,703
--------
--------
90,621
45,560
Creditors: amounts falling due within one year
8
1,981
1,216
--------
--------
Net current assets
88,640
44,344
---------
---------
Total assets less current liabilities
538,156
411,769
Creditors: amounts falling due after more than one year
9
787,535
552,158
---------
---------
Net liabilities
( 249,379)
( 140,389)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 249,479)
( 140,489)
---------
---------
Shareholders deficit
( 249,379)
( 140,389)
---------
---------
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 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Swallows Nursery & Plant Centre Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 1 October 2024 , and are signed on behalf of the board by:
Ms A Allen
Director
Company registration number: 08891646
Swallows Nursery & Plant Centre Limited
Notes to the Financial Statements
Year ended 31 March 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 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB, England.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
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:
Freehold Improvements
-
25% reducing balance
Plant & Machinery
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Office 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.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
25,000
--------
Amortisation
At 1 April 2023
2,500
Charge for the year
2,500
--------
At 31 March 2024
5,000
--------
Carrying amount
At 31 March 2024
20,000
--------
At 31 March 2023
22,500
--------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
297,653
46,276
11,255
4,764
359,948
Additions
109,131
9,900
119,031
---------
--------
--------
-------
---------
At 31 March 2024
406,784
46,276
21,155
4,764
478,979
---------
--------
--------
-------
---------
Depreciation
At 1 April 2023
1,320
12,280
832
591
15,023
Charge for the year
21,089
8,499
3,809
1,043
34,440
---------
--------
--------
-------
---------
At 31 March 2024
22,409
20,779
4,641
1,634
49,463
---------
--------
--------
-------
---------
Carrying amount
At 31 March 2024
384,375
25,497
16,514
3,130
429,516
---------
--------
--------
-------
---------
At 31 March 2023
296,333
33,996
10,423
4,173
344,925
---------
--------
--------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
3,403
( 87)
Other debtors
7,919
9,444
--------
-------
11,322
9,357
--------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,981
1,216
-------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
787,535
552,158
---------
---------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Ms A Allen
( 552,158)
38,733
( 274,110)
( 787,535)
---------
--------
---------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Ms A Allen
( 220,785)
( 331,373)
( 552,158)
---------
----
---------
---------
Interest was being charged at 5.19% until 1 January 2024 on the loan from the director. No interest has been charged since this date. The loan is repayable in 16 years and 0 months.