Company Registration No. 13390500 (England and Wales)
Discovery Nurseries Ltd
Unaudited accounts
for the year ended 31 July 2024
Discovery Nurseries Ltd
Unaudited accounts
Contents
Discovery Nurseries Ltd
Company Information
for the year ended 31 July 2024
Directors
Oladipupo Sotinwa
Funmilayo Sotinwa
Company Number
13390500 (England and Wales)
Registered Office
C/O Power Accountax Ltd, Mailbox 3
Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Discovery Nurseries Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
117,600
134,400
Tangible assets
37,409
47,436
Cash at bank and in hand
131,133
21,488
Creditors: amounts falling due within one year
(378,324)
(297,315)
Net current liabilities
(144,191)
(172,827)
Called up share capital
1,000
1,000
Profit and loss account
9,818
8,009
Shareholders' funds
10,818
9,009
For the year ending 31 July 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 15 April 2025 and were signed on its behalf by
Oladipupo Sotinwa
Director
Company Registration No. 13390500
Discovery Nurseries Ltd
Notes to the Accounts
for the year ended 31 July 2024
Discovery Nurseries Ltd is a private company, limited by shares, registered in England and Wales, registration number 13390500. The registered office is C/O Power Accountax Ltd, Mailbox 3, Solent Business Centre, 343 Millbrook Road West, Southampton, SO15 0HW.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
16,800
Discovery Nurseries Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
82,000
1,748
83,748
At 31 July 2024
82,000
4,191
86,191
At 1 August 2023
35,875
437
36,312
Charge for the year
11,531
939
12,470
At 31 July 2024
47,406
1,376
48,782
At 31 July 2024
34,594
2,815
37,409
At 31 July 2023
46,125
1,311
47,436
Amounts falling due within one year
Amounts due from group undertakings etc.
103,000
103,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
49,476
27,829
Loans from directors
328,848
269,486
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Oladipupo & Funmilayo Sotinwa
(201,458)
-
-
(201,458)
9
Average number of employees
During the year the average number of employees was 20 (2023: 20).