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REGISTERED NUMBER: 04602896 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Sharnford Horticultural Limited

Sharnford Horticultural Limited (Registered number: 04602896)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sharnford Horticultural Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: J W Ismay
G W Hyman





SECRETARY: J W Ismay





REGISTERED OFFICE: Lodge Farm
Broughton Road
Frolesworth
Lutterworth
Leicestershire
LE17 6EH





REGISTERED NUMBER: 04602896 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Sharnford Horticultural Limited (Registered number: 04602896)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,012 6,779
6,012 6,779

CURRENT ASSETS
Stocks 194,367 212,487
Debtors 6 77,046 75,039
Cash at bank 80,250 76,407
351,663 363,933
CREDITORS
Amounts falling due within one year 7 204,955 169,489
NET CURRENT ASSETS 146,708 194,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,720

201,223

CREDITORS
Amounts falling due after more than one
year

8

224,084

244,084
NET LIABILITIES (71,364 ) (42,861 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (71,464 ) (42,961 )
SHAREHOLDERS' FUNDS (71,364 ) (42,861 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

Sharnford Horticultural Limited (Registered number: 04602896)

Balance Sheet - continued
31st January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:




J W Ismay - Director



G W Hyman - Director


Sharnford Horticultural Limited (Registered number: 04602896)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Sharnford Horticultural Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 net invoiced sales of goods and services, excluding value added tax.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 100,000
AMORTISATION
At 1st February 2023
and 31st January 2024 100,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

Sharnford Horticultural Limited (Registered number: 04602896)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st February 2023
and 31st January 2024 3,408 16,430 7,261 11,731 38,830
DEPRECIATION
At 1st February 2023 - 15,698 6,459 9,894 32,051
Charge for year - 146 161 460 767
At 31st January 2024 - 15,844 6,620 10,354 32,818
NET BOOK VALUE
At 31st January 2024 3,408 586 641 1,377 6,012
At 31st January 2023 3,408 732 802 1,837 6,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,301 31,582
Social security and other tax 16,349 14,521
Prepayments 26,396 28,936
77,046 75,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 177,875 143,240
Social security and other taxes 1,372 2,012
Accrued expenses 25,708 24,237
204,955 169,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Intercompany account -
Sharnford Tractors Limited 224,084 244,084
224,084 244,084

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

Sharnford Horticultural Limited (Registered number: 04602896)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had annual financial commitments provided in respect of rents payable for premises at Frolesworth Lodge Farm, Frolesworth, Leicestershire of £27,500 (2023 £27,500) under a lease dated 2nd March 2005.