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REGISTERED NUMBER: 08030187 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WOODLANDS NURSERY (DORSET) LIMITED

WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance sheet 1

Notes to the financial statements 2


WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 239,283 240,421

Current assets
Stocks 164,937 179,540
Debtors 5 57,446 55,449
Cash at bank and in hand 506 7,581
222,889 242,570
Creditors
Amounts falling due within one year 6 211,214 187,056
Net current assets 11,675 55,514
Total assets less current liabilities 250,958 295,935

Creditors
Amounts falling due after more than one year 7 (28,464 ) (33,206 )

Provisions for liabilities 9 (8,123 ) (7,087 )
Net assets 214,371 255,642

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 213,371 254,642
Shareholders' funds 214,371 255,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:




Mr K C Maguire - Director


WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Woodlands Nursery (Dorset) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08030187. The registered office and business address is Woodlands Nursery, Blandford Road, Lytchett Matravers, Poole, Dorsett, BH16 6AG.

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 represents amounts received for the retail of both wholesale and retail of plants and garden accessories via a garden centre and coffee shop and the provision of landscaping services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 5% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 taxation
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.

WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 14 ) .

4. Tangible fixed assets
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 February 2023 244,076 47,449 54,961 1,056 347,542
Additions - 1,742 27,590 - 29,332
Disposals - - (18,695 ) - (18,695 )
At 31 January 2024 244,076 49,191 63,856 1,056 358,179
Depreciation
At 1 February 2023 20,902 41,865 43,694 660 107,121
Charge for year 12,203 2,534 14,215 352 29,304
Eliminated on disposal - - (17,529 ) - (17,529 )
At 31 January 2024 33,105 44,399 40,380 1,012 118,896
Net book value
At 31 January 2024 210,971 4,792 23,476 44 239,283
At 31 January 2023 223,174 5,584 11,267 396 240,421

WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 February 2023
and 31 January 2024 36,266
Depreciation
At 1 February 2023 26,165
Charge for year 7,317
At 31 January 2024 33,482
Net book value
At 31 January 2024 2,784
At 31 January 2023 10,101

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 48,809 50,539
Other debtors 4,103 4,103
VAT 3,811 347
Prepayments and accrued income 723 460
57,446 55,449

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 28,103 10,000
Hire purchase contracts 3,157 6,423
Trade creditors 107,991 93,067
Tax 112 19,779
PAYE 22 585
Directors' current accounts 68,794 54,312
Accruals and deferred income 3,035 2,890
211,214 187,056

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,785 15,000
Hire purchase contracts - 3,157
Other creditors 12,679 5,049
28,464 33,206

WOODLANDS NURSERY (DORSET) LIMITED (REGISTERED NUMBER: 08030187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,157 9,580

All hire purchase liabilities are secured upon the assets to which they relate.

All monies due or becoming due to HSBC Bank PLC, with the exception of the bounce back loan are secures by a debenture dated 29 May 2012.

With the exception of the bounce back loan, there are no monies owed to HSBC Bank PLC as at the balance sheet date.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 8,123 7,087

Deferred
tax
£   
Balance at 1 February 2023 7,087
Charge to Income statement during year 1,036
Balance at 31 January 2024 8,123

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. Ultimate controlling party

The company is controlled by the director, Mr K Maguire, holding 100% of the issued voting share capital.