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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
Page
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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
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Priesthills Nursery Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
22,500 
Tangible assets
757,057 
739,909 
757,057 
762,409 
Current assets
Debtors
40,504 
13,247 
Cash at bank and in hand
199,204 
151,927 
239,708 
165,174 
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 
Capital and reserves
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
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Priesthills Nursery Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets
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 
£ 
Cost
At 1 April 2023
225,000 
At 31 March 2024
225,000 
Amortisation
At 1 April 2023
202,500 
Charge for the year
22,500 
At 31 March 2024
225,000 
Net book value
At 31 March 2024
- 
At 31 March 2023
22,500 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,239 
10,004 
Accrued income and prepayments
3,243 
3,243 
Other debtors
18,394 
- 
28,876 
13,247 
Amounts falling due after more than one year
Other debtors
11,628 
- 
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)
- 
Accruals
2,400 
2,400 
76,769 
118,330 
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 
Other creditors
175,000 
- 
Loans from directors
49,220 
175,000 
503,523 
468,440 
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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).
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