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Registration number: 05479011

West Kington Nurseries Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

West Kington Nurseries Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

West Kington Nurseries Limited

(Registration number: 05479011)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

561,201

602,808

Current assets

 

Stocks

583,621

553,338

Debtors

361,904

449,929

Cash at bank and in hand

 

1,867,447

1,923,571

 

2,812,972

2,926,838

Creditors: Amounts falling due within one year

(707,649)

(634,902)

Net current assets

 

2,105,323

2,291,936

Total assets less current liabilities

 

2,666,524

2,894,744

Provisions for liabilities

(60,945)

(69,076)

Net assets

 

2,605,579

2,825,668

Capital and reserves

 

Called up share capital

25,000

25,000

Capital redemption reserve

25,000

25,000

Profit and loss account

2,555,579

2,775,668

Total equity

 

2,605,579

2,825,668

 

West Kington Nurseries Limited

(Registration number: 05479011)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 March 2025
 

Mr Mark Jackson

Director

 

West Kington Nurseries Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West Kington Nurseries
West Kington
Chippenham
Wiltshire
SN14 7JQ

These financial statements were authorised for issue by the director on 18 March 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

West Kington Nurseries Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Motor vehicles

33.33% straight line

Office equipment

33.33% straight line

Field development

10% straight line

Freehold property

2% straight line

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 36 (2023 - 33).

 

West Kington Nurseries Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2023

20,003

At 30 September 2024

20,003

Amortisation

At 1 October 2023

20,003

At 30 September 2024

20,003

Carrying amount

At 30 September 2024

-

5

Tangible assets

Total
£

Cost or valuation

At 1 October 2023

1,208,276

Additions

28,576

At 30 September 2024

1,236,852

Depreciation

At 1 October 2023

605,468

Charge for the year

70,183

At 30 September 2024

675,651

Carrying amount

At 30 September 2024

561,201

At 30 September 2023

602,808