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REGISTERED NUMBER: 05564949 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Natural Choice Nurseries Limited

Natural Choice Nurseries Limited (Registered number: 05564949)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Natural Choice Nurseries Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs Nicola Ruth Edwards
Mr Kevin Philip Edwards





SECRETARY: Mr Kevin Philip Edwards





REGISTERED OFFICE: Alveston Old House
The Street
Alveston
Bristol
South Glos
BS35 3SX





REGISTERED NUMBER: 05564949 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Natural Choice Nurseries Limited (Registered number: 05564949)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,286,043 1,289,692
1,286,043 1,289,692

CURRENT ASSETS
Debtors 6 4,751 440
Cash at bank 12,544 7,504
17,295 7,944
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

7

(813,339

)

(670,349

)
NET CURRENT LIABILITIES (796,044 ) (662,405 )
TOTAL ASSETS LESS CURRENT LIABILITIES 489,999 627,287

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

8

(283,929

)

(311,043

)

PROVISIONS FOR LIABILITIES (47,013 ) (36,422 )
NET ASSETS 159,057 279,822

CAPITAL AND RESERVES
Called up share capital 10 20 20
Revaluation reserve 132,756 143,376
Retained earnings 26,281 136,426
SHAREHOLDERS' FUNDS 159,057 279,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Natural Choice Nurseries Limited (Registered number: 05564949)

Balance Sheet - continued
29 February 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 5 November 2024 and were signed on its behalf by:




Mrs Nicola Ruth Edwards - Director



Mr Kevin Philip Edwards - Director


Natural Choice Nurseries Limited (Registered number: 05564949)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Natural Choice Nurseries 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of eight years.

Patents and licences
Patents and licences are written off on a straight line basis over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33.33% on cost

In accordance with the requirements of Financial Reporting Standard 102, freehold property owned by the company is recognised at cost and depreciated over its useful economic life. No depreciation is provided on freehold property which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors to depreciate the freehold property would not give a true and fair view. The provisions of FRS 102 in respect of freehold property has therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made the profit for the year would have been decreased by depreciation. However, the amount of depreciation cannot be reasonably quantified and therefore the amount which might otherwise have been shown has not been disclosed.

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.


Natural Choice Nurseries Limited (Registered number: 05564949)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 March 2023 18,000 27,200 45,200
Disposals (18,000 ) (27,200 ) (45,200 )
At 29 February 2024 - - -
AMORTISATION
At 1 March 2023 18,000 27,200 45,200
Eliminated on disposal (18,000 ) (27,200 ) (45,200 )
At 29 February 2024 - - -
NET BOOK VALUE
At 29 February 2024 - - -
At 28 February 2023 - - -

Natural Choice Nurseries Limited (Registered number: 05564949)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2023 1,275,000 44,388 4,377 1,323,765
Additions - 1,824 - 1,824
Disposals - (18,293 ) (4,377 ) (22,670 )
At 29 February 2024 1,275,000 27,919 - 1,302,919
DEPRECIATION
At 1 March 2023 - 29,696 4,377 34,073
Charge for year - 3,774 - 3,774
Eliminated on disposal - (16,594 ) (4,377 ) (20,971 )
At 29 February 2024 - 16,876 - 16,876
NET BOOK VALUE
At 29 February 2024 1,275,000 11,043 - 1,286,043
At 28 February 2023 1,275,000 14,692 - 1,289,692

Cost or valuation at 29 February 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2017 177,008 - 177,008
Cost 1,097,992 27,919 1,125,911
1,275,000 27,919 1,302,919

If freehold property had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 1,097,992 1,097,992

Value of land in freehold land and buildings 1,097,992 1,097,992

Freehold property were valued on an open market basis on 29 February 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,738 209
Prepayments 2,013 231
4,751 440

Natural Choice Nurseries Limited (Registered number: 05564949)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 32,231 35,340
Trade creditors - 649
Amounts owed to group undertakings 691,617 518,061
Tax 30,391 49,132
Social security and other taxes 5,253 4,903
Other creditors 45,584 55,970
Accrued expenses 8,263 6,294
813,339 670,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Mortgage 1-2 years 35,223 35,340
Mortgage 2-5 years 123,201 113,112
Mortgage > 5 years 125,505 162,591
283,929 311,043

Amounts falling due in more than five years:

Repayable by instalments
Mortgage > 5 years 125,505 162,591

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Mortgage 316,160 346,383

The mortgages are secured against the freehold properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
20 Ordinary A £1 20 20

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NEFE Ltd, who own 100% of issued share capital.