Registered number
01883332
David Robinson Nurseries Limited
Unaudited Filleted Accounts
31 December 2024
David Robinson Nurseries Limited
Registered number: 01883332
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 91,595 105,167
Current assets
Stocks 169,818 189,566
Debtors 5 18,746 102,322
Cash at bank and in hand 437,527 391,231
626,091 683,119
Creditors: amounts falling due within one year 6 (130,946) (93,689)
Net current assets 495,145 589,430
Total assets less current liabilities 586,740 694,597
Provisions for liabilities (13,945) (16,258)
Net assets 572,795 678,339
Capital and reserves
Called up share capital 35,000 35,000
Capital redemption reserve 7 5,000 5,000
Profit and loss account 532,795 638,339
Shareholders' funds 572,795 678,339
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Robinson
Director
Approved by the board on 1 April 2025
David Robinson Nurseries Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles 25% reducing balance
Fixtures, fittings and equipment 15% reducing balance & 33.3% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 234,291
At 31 December 2024 234,291
Amortisation
At 1 January 2024 234,291
At 31 December 2024 234,291
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 152,302 34,932 72,421 259,655
Additions - 500 - 500
At 31 December 2024 152,302 35,432 72,421 260,155
Depreciation
At 1 January 2024 112,166 22,461 19,861 154,488
Charge for the year 4,317 1,871 7,884 14,072
At 31 December 2024 116,483 24,332 27,745 168,560
Net book value
At 31 December 2024 35,819 11,100 44,676 91,595
At 31 December 2023 40,136 12,471 52,560 105,167
5 Debtors 2024 2023
£ £
Trade debtors 754 1,986
Other debtors 17,992 100,336
18,746 102,322
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,771 21,177
Taxation and social security costs 45,836 31,532
Other creditors 73,339 40,980
130,946 93,689
7 Capital redemption reserve 2024 2023
£ £
At 1 January 2024 5,000 5,000
At 31 December 2024 5,000 5,000
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 41,559 41,089
9 Other information
David Robinson Nurseries Limited is a private company limited by shares and incorporated in England. Its registered office is:
Garden House
Warden
Hexham
Northumberland
NE46 4SQ
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