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REGISTERED NUMBER: 10280088 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Todd's Nursery Limited

Todd's Nursery Limited (Registered number: 10280088)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Todd's Nursery Limited

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Todd
W Todd





REGISTERED OFFICE: The Garden House
Southill Park
Southill
Biggleswade
Bedfordshire
SG18 9LL





REGISTERED NUMBER: 10280088 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Todd's Nursery Limited (Registered number: 10280088)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,890 175,319

CURRENT ASSETS
Stocks 792,608 665,564
Debtors 5 2,691 26,751
Cash at bank 3,229 1,475
798,528 693,790
CREDITORS
Amounts falling due within one year 6 446,288 465,513
NET CURRENT ASSETS 352,240 228,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,130

403,596

CREDITORS
Amounts falling due after more than one year 7 (35,887 ) (44,942 )

PROVISIONS FOR LIABILITIES (37,778 ) (40,956 )
NET ASSETS 476,465 317,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 476,365 317,598
SHAREHOLDERS' FUNDS 476,465 317,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Todd's Nursery Limited (Registered number: 10280088)

Balance Sheet - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





J Todd - Director


Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Todd's Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 3 years and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 206,417 1,166 73,500 8,988 290,071
Additions 11,762 - 77,800 - 89,562
Disposals - - (37,000 ) - (37,000 )
At 31 July 2024 218,179 1,166 114,300 8,988 342,633
DEPRECIATION
At 1 August 2023 88,063 1,166 20,787 4,736 114,752
Charge for year 24,425 - 12,768 1,696 38,889
Eliminated on disposal - - (8,898 ) - (8,898 )
At 31 July 2024 112,488 1,166 24,657 6,432 144,743
NET BOOK VALUE
At 31 July 2024 105,691 - 89,643 2,556 197,890
At 31 July 2023 118,354 - 52,713 4,252 175,319

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 85,000 46,500 131,500
Additions - 46,500 46,500
Transfer to ownership (23,300 ) (35,000 ) (58,300 )
At 31 July 2024 61,700 58,000 119,700
DEPRECIATION
At 1 August 2023 19,533 5,387 24,920
Charge for year 11,333 6,973 18,306
Transfer to ownership (17,087 ) (8,123 ) (25,210 )
At 31 July 2024 13,779 4,237 18,016
NET BOOK VALUE
At 31 July 2024 47,921 53,763 101,684
At 31 July 2023 65,467 41,113 106,580

Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,291 26,751
Other debtors 1,400 -
2,691 26,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 24,808 28,042
Trade creditors 58,749 88,606
Taxation and social security 136,559 139,327
Other creditors 226,172 209,538
446,288 465,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 35,887 44,942

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 29,580 33,637
Between one and five years 39,375 50,333
68,955 83,970

Finance charges repayable:
Within one year 4,772 5,595
Between one and five years 3,488 5,391
8,260 10,986

Net obligations repayable:
Within one year 24,808 28,042
Between one and five years 35,887 44,942
60,695 72,984

Todd's Nursery Limited (Registered number: 10280088)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 28,000 28,000
Between one and five years 140,000 140,000
In more than five years - 28,000
168,000 196,000