Acorah Software Products - Accounts Production 16.1.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08228869 A Davis D Gardner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08228869 2023-12-31 08228869 2024-12-31 08228869 2024-01-01 2024-12-31 08228869 frs-core:CurrentFinancialInstruments 2024-12-31 08228869 frs-core:Non-currentFinancialInstruments 2024-12-31 08228869 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08228869 frs-core:LandBuildings 2024-12-31 08228869 frs-core:LandBuildings 2024-01-01 2024-12-31 08228869 frs-core:LandBuildings 2023-12-31 08228869 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08228869 frs-core:MotorVehicles 2024-01-01 2024-12-31 08228869 frs-core:PlantMachinery 2024-12-31 08228869 frs-core:PlantMachinery 2024-01-01 2024-12-31 08228869 frs-core:PlantMachinery 2023-12-31 08228869 frs-core:ShareCapital 2024-12-31 08228869 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08228869 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08228869 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08228869 frs-bus:SmallEntities 2024-01-01 2024-12-31 08228869 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08228869 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08228869 frs-bus:Director1 2024-01-01 2024-12-31 08228869 frs-bus:Director2 2024-01-01 2024-12-31 08228869 frs-countries:EnglandWales 2024-01-01 2024-12-31 08228869 2022-12-31 08228869 2023-12-31 08228869 2023-01-01 2023-12-31 08228869 frs-core:CurrentFinancialInstruments 2023-12-31 08228869 frs-core:Non-currentFinancialInstruments 2023-12-31 08228869 frs-core:ShareCapital 2023-12-31 08228869 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08228869
Baldwins Nursery Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Bromley Clackett Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08228869
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,170 39,716
36,170 39,716
CURRENT ASSETS
Stocks 5 504,828 401,018
Debtors 6 8,213 3,085
Cash at bank and in hand 17 85,128
513,058 489,231
Creditors: Amounts Falling Due Within One Year 7 (179,278 ) (142,512 )
NET CURRENT ASSETS (LIABILITIES) 333,780 346,719
TOTAL ASSETS LESS CURRENT LIABILITIES 369,950 386,435
Creditors: Amounts Falling Due After More Than One Year 8 (39,972 ) (56,834 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,395 ) (5,761 )
NET ASSETS 324,583 323,840
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 324,483 323,740
SHAREHOLDERS' FUNDS 324,583 323,840
Page 1
Page 2
For the year ending 31 December 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.
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
D Gardner
Director
6th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baldwins Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08228869 . The registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
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.
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 5% and 10% on cost
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 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: 34 (2023: 30)
34 30
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Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 235,425 112,930 348,355
Additions - 2,491 2,491
As at 31 December 2024 235,425 115,421 350,846
Depreciation
As at 1 January 2024 228,675 79,964 308,639
Provided during the period 750 5,287 6,037
As at 31 December 2024 229,425 85,251 314,676
Net Book Value
As at 31 December 2024 6,000 30,170 36,170
As at 1 January 2024 6,750 32,966 39,716
5. Stocks
2024 2023
£ £
Stock 504,828 401,018
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,801 156
Prepayments and accrued income 3,412 2,929
8,213 3,085
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,514 1,220
Bank loans and overdrafts 66,993 15,584
Corporation tax 17,805 35,465
Other creditors 9,013 2,068
Accruals and deferred income 5,094 6,842
Directors' loan accounts 77,859 81,333
179,278 142,512
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,972 56,834
39,972 56,834
Page 4
Page 5
9. Secured Creditors
Of the creditors the following amounts are secured by way of a debenture deed dated 21st January 2013:
2024 2023
£ £
Bank loans and overdrafts 56,913 72,418
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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