Company Registration No. 08964507 (England and Wales)
Priesthills Nursery Limited
Unaudited accounts
for the year ended 31 March 2024
Priesthills Nursery Limited
Unaudited accounts
Contents
Priesthills Nursery Limited
Company Information
for the year ended 31 March 2024
Directors
Sarah-Jane Payne
Susan Prosser
Elizabeth Swift
Catherine Walker
Alison Clegg
Company Number
08964507 (England and Wales)
Registered Office
Priesthills Nursery
42 Station Road
Hinckley
Leicestershire
LE10 1AP
England
Accountants
CJK Accountants
4 Marsh Drive
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6PU
Priesthills Nursery Limited
Statement of financial position
as at 31 March 2024
Intangible assets
-
22,500
Tangible assets
757,057
739,909
Cash at bank and in hand
199,204
151,927
Creditors: amounts falling due within one year
(76,769)
(118,330)
Net current assets
162,939
46,844
Total assets less current liabilities
919,996
809,253
Creditors: amounts falling due after more than one year
(503,523)
(468,440)
Net assets
416,473
340,813
Called up share capital
100
100
Profit and loss account
416,373
340,713
Shareholders' funds
416,473
340,813
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 9 December 2024 and were signed on its behalf by
Sarah-Jane Payne
Director
Company Registration No. 08964507
Priesthills Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
Priesthills Nursery Limited is a private company, limited by shares, registered in England and Wales, registration number 08964507. The registered office is Priesthills Nursery, 42 Station Road, Hinckley, Leicestershire, LE10 1AP, 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.
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.
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
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its
estimated useful life of ten years.
4
Intangible fixed assets
Goodwill
Charge for the year
22,500
Priesthills Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
669,216
70,537
42,461
61,407
843,621
Additions
-
35,157
-
-
35,157
At 31 March 2024
669,216
105,694
42,461
61,407
878,778
At 1 April 2023
-
21,162
26,388
56,162
103,712
Charge for the year
-
12,680
4,018
1,311
18,009
At 31 March 2024
-
33,842
30,406
57,473
121,721
At 31 March 2024
669,216
71,852
12,055
3,934
757,057
At 31 March 2023
669,216
49,375
16,073
5,245
739,909
Amounts falling due within one year
Trade debtors
7,239
10,004
Accrued income and prepayments
3,243
3,243
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,452
11,276
Obligations under finance leases and hire purchase contracts
2,955
4,978
Taxes and social security
55,224
61,331
Other creditors
13,250
38,345
Loans from directors
(9,512)
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
279,303
291,755
Obligations under finance leases and hire purchase contracts
-
1,685
Loans from directors
49,220
175,000
Priesthills Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 48 (2023: 50).