Company Registration No. 04715433 (England and Wales)
Chuckles Nurseries Limited
Unaudited accounts
for the year ended 31 March 2024
Chuckles Nurseries Limited
Company Information
for the year ended 31 March 2024
Directors
Susan Everall
Michael Everall
Company Number
04715433 (England and Wales)
Registered Office
Chuckles Nursery
Perranwell Station
TRURO
Cornwall
TR3 7PT
England
Accountants
KMK Accounting Ltd
50 Eglos Road
TR4 9BZ
Chuckles Nurseries Limited
Statement of financial position
as at 31 March 2024
Tangible assets
304,499
304,997
Cash at bank and in hand
507,742
673,792
Creditors: amounts falling due within one year
(29,710)
(384,399)
Net current assets
836,178
765,381
Net assets
1,140,678
1,070,379
Called up share capital
4
4
Revaluation reserve
177,205
177,205
Profit and loss account
963,469
893,170
Shareholders' funds
1,140,678
1,070,379
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2024 and were signed on its behalf by
Susan Everall
Director
Company Registration No. 04715433
Chuckles Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2024
Chuckles Nurseries Limited is a private company, limited by shares, registered in England and Wales, registration number 04715433. The registered office is Chuckles Nursery, Perranwell Station , TRURO, Cornwall, TR3 7PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Chuckles Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
290,658
120,231
410,889
At 31 March 2024
290,658
120,231
410,889
At 1 April 2023
-
105,892
105,892
Charge for the year
-
498
498
At 31 March 2024
-
106,390
106,390
At 31 March 2024
290,658
13,841
304,499
At 31 March 2023
290,658
14,339
304,997
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
354,005
472,821
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24,181
11,497
Loans from directors
2,000
365,477
Chuckles Nurseries Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Transactions with related parties
At the year end, the company owed £0 (2023: £361,477) to Mr M & Mrs S J Everall, directors.
At year end, there was a loan outstanding to a company controlled by a director of Chuckles Nurseries Limited of £354,005 (2023: £472,871). The loan is interest-free and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 15 (2023: 19).