Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 00463014 Ms Emma Proctor Emma Chloe Proctor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00463014 2023-01-31 00463014 2024-01-31 00463014 2023-02-01 2024-01-31 00463014 frs-core:CurrentFinancialInstruments 2024-01-31 00463014 frs-core:FurnitureFittings 2024-01-31 00463014 frs-core:FurnitureFittings 2023-02-01 2024-01-31 00463014 frs-core:FurnitureFittings 2023-01-31 00463014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 00463014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00463014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 00463014 frs-core:MotorVehicles 2024-01-31 00463014 frs-core:MotorVehicles 2023-02-01 2024-01-31 00463014 frs-core:MotorVehicles 2023-01-31 00463014 frs-core:CapitalRedemptionReserve 2024-01-31 00463014 frs-core:ShareCapital 2024-01-31 00463014 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 00463014 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00463014 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 00463014 frs-bus:SmallEntities 2023-02-01 2024-01-31 00463014 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 00463014 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 00463014 1 2023-02-01 2024-01-31 00463014 frs-bus:Director1 2023-02-01 2024-01-31 00463014 frs-countries:EnglandWales 2023-02-01 2024-01-31 00463014 2022-01-31 00463014 2023-01-31 00463014 2022-02-01 2023-01-31 00463014 frs-core:CurrentFinancialInstruments 2023-01-31 00463014 frs-core:CapitalRedemptionReserve 2023-01-31 00463014 frs-core:ShareCapital 2023-01-31 00463014 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 00463014
Clifford Proctor's Nurseries Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00463014
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 295,877 227,467
295,877 227,467
CURRENT ASSETS
Stocks 5 111,109 255,810
Debtors 6 35,589 40,720
Cash at bank and in hand 245,991 164,424
392,689 460,954
Creditors: Amounts Falling Due Within One Year 7 (71,862 ) (97,123 )
NET CURRENT ASSETS (LIABILITIES) 320,827 363,831
TOTAL ASSETS LESS CURRENT LIABILITIES 616,704 591,298
NET ASSETS 616,704 591,298
CAPITAL AND RESERVES
Called up share capital 8 3,819 3,819
Capital redemption reserve 2,411 2,411
Profit and Loss Account 610,474 585,068
SHAREHOLDERS' FUNDS 616,704 591,298
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Emma Proctor
Director
29 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clifford Proctor's Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00463014 . The registered office is Hope Valley Garden Centre Hope Road, Bamford, Hope Valley, S33 0AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil/10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10%/15% Reducing Balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 232,768 34,777 78,247 345,792
Additions 76,141 - 4,769 80,910
As at 31 January 2024 308,909 34,777 83,016 426,702
Depreciation
As at 1 February 2023 47,793 28,617 41,915 118,325
Provided during the period 5,471 1,540 5,489 12,500
As at 31 January 2024 53,264 30,157 47,404 130,825
Net Book Value
As at 31 January 2024 255,645 4,620 35,612 295,877
As at 1 February 2023 184,975 6,160 36,332 227,467
5. Stocks
2024 2023
£ £
Stock 111,109 255,810
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,114 11,555
Other debtors 10,222 14,304
VAT 12,253 12,982
Other taxes and social security - 1,879
35,589 40,720
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,474 25,276
Corporation tax 12,589 38,820
Other taxes and social security 460 -
Accruals and deferred income 2,318 2,318
Director's loan account 31,021 30,709
71,862 97,123
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,819 3,819
9. Related Party Transactions
The company is under the control of Emma Chloe Proctor.
Emma Chloe Proctor is also the director and shareholder of The Hope Valley Centre Ltd a company incorporated in England and Wales.
The amount due from The Hope Valley Centre Ltd at the balance sheet date was £360 (2023 £360).
10. Ultimate Controlling Party
The company's ultimate controlling party is Emma Chloe Proctor by virtue of her ownership of 100% of the issued share capital in the company.
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