Company No:
Contents
DIRECTORS | Timothy Johan Van Den Broek |
Thomas William Van Den Broek |
SECRETARY | Timothy Johan Van Den Broek |
REGISTERED OFFICE | Wey Court West |
Union Road | |
Surrey | |
GU9 7PT | |
Farnham | |
United Kingdom |
BUSINESS ADDRESS | Oak Farm |
Corse Lawn | |
Gloucester | |
Worcestershire | |
GL19 4NB | |
United Kingdom |
COMPANY NUMBER | 05917931 (England and Wales) |
ACCOUNTANT | Shaw Gibbs Limited |
Wey Court West | |
Union Road | |
Farnham | |
Surrey | |
GU9 7PT |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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884,267 | 916,906 | |||
Current assets | ||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand | 6 |
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66,578 | 39,180 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current liabilities | (1,191,695) | (1,169,939) | ||
Total assets less current liabilities | (307,428) | (253,033) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Transplant Nursery Ltd (registered number:
Timothy Johan Van Den Broek
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Transplant Nursery Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Surrey, GU9 7PT, Farnham, United Kingdom. The principal place of business is Oak Farm, Corse Lawn, Gloucester, Worcestershire, GL19 4NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
At the balance sheet date the company had net liabilities of £307,428. Despite this insolvent position the financial statements have been prepared on the going concern basis on the following grounds:
- that the directors anticipate profitable trading in the coming periods and generally surplus cash balances,
- that the liabilities of the company are primarily payable to the directors/shareholders or other supportive parties who have confirmed their intention not to seek repayment in a manner
which would undermine the company's ability to continue as a going concern, and
- additional funding can be made available if required by the shareholders to meet short term cash flow requirements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.
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.
Land and buildings |
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Plant and machinery |
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Vehicles |
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Computer equipment |
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Other property, plant and equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Plant and machinery | Vehicles | Computer equipment | Other property, plant and equipment |
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£ | £ | £ | £ | £ | £ | ||||||
Cost | |||||||||||
At 01 October 2023 |
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Disposals |
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At 30 September 2024 |
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Accumulated depreciation | |||||||||||
At 01 October 2023 |
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Charge for the financial year |
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Disposals |
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Immaterial diff |
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At 30 September 2024 |
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Net book value | |||||||||||
At 30 September 2024 |
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At 30 September 2023 |
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2024 | 2023 | ||
£ | £ | ||
Stocks |
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£ | £ | ||
Trade debtors |
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VAT recoverable |
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Other taxation and social security |
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2024 | 2023 | ||
£ | £ | ||
Cash at bank and in hand |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to directors |
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Accruals |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Other related party transactions
At the balance sheet date, the company owed £1,203,873 (2023:£1,142,938) to the directors and family members. Included within accruals is an amount of £50,956 (2023:£54,210) in respect of accrued interest payable to the same individuals. Included in the P&L is the amount of £5,996 (2023: £23,464) in respect of interest payable to the same individuals