Registration number:
E.W. Burrow Nursery Limited
for the Year Ended 30 September 2024
E.W. Burrow Nursery Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
E.W. Burrow Nursery Limited
Company Information
Directors |
John Michael Hardcastle Simon Dyas Johnson Jessica McCombie Joanne Michelle Carter |
Company secretary |
John Michael Hardcastle |
Registered office |
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Accountants |
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E.W. Burrow Nursery Limited
(Registration number: 03625908)
Abridged Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
102,776 |
102,773 |
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Retained earnings |
319,955 |
595,560 |
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Shareholders' funds |
422,731 |
698,333 |
E.W. Burrow Nursery Limited
(Registration number: 03625908)
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.
Directors' responsibilities:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
General information |
The Company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Judgements
There are no significant judgements applied by management in the preparation of these financial statements. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
The Company sells plants, trees and accessories which are recognised in revenue once the risks and rewards have been substantially transferred to the customer, at which point the Company has transferred the goods to the customer.
The Company recognises revenue in relation to services once the performance obligations in relation to those services have been satisfied.
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Finance income and costs policy
Finance income and finance costs are recognised in the profit or loss using the effective interest method.
Foreign currency transactions and balances
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 income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Improvements to leasehold property |
4% reducing balance method |
Motor Vehicles |
25% reducing balance method |
Office Equipment |
25% reducing balance method |
Plant and Machinery |
25% reducing balance method |
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 |
Website |
4 years straight line method |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debt.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods comprises direct materials and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Financial instruments
Recognition and measurement
The Company has no financial asset equity instruments.
Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Intangible assets |
Total |
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Cost or valuation |
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At 1 October 2023 |
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At 30 September 2024 |
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Amortisation |
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At 1 October 2023 |
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Amortisation charge |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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The net book value of intangible assets is £3,765 (2023 - £15,059) in respect of the Company's website. Amortisation for the year included in the profit and loss accounts to £11,294 (2023- £11,293).
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 October 2023 |
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Disposals |
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( |
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At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
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Eliminated on disposal |
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( |
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( |
( |
At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Included within the net book value of land and buildings above is £180,632 (2023 - £188,158) in respect of long leasehold land and buildings.
E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Stocks |
2024 |
2023 |
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Finished goods and goods for resale |
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Debtors |
Debtors includes £Nil (2023 - £Nil) due after more than one year.
Creditors |
Creditors: amounts falling due within one year
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,588 (2023 - £8,722).
As at 30 October 2023, one of the directors (as Security Trustee for the sellers) holds a debenture by way of fixed and floating charges over the company in respect of sums owed from the share purchase agreement, following the restructure of the company during the year.
Other creditors include deferred income of £116,474 (2023 - £141,339), loans from directors of £Nil (2023 - £100,000) and Pension liability paid after the balance sheet date of £5,623 (2023 - £Nil).
Creditors: amounts falling due after more than one year
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £27,760 (2023 - £37,347).
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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- |
- |
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71,942 |
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- |
- |
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30,831 |
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3 |
- |
- |
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102,773 |
- |
- |
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E.W. Burrow Nursery Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024
Related party transactions |
Transactions with Directors |
2024 |
At 1 October 2023 |
Repayments by Director |
At 30 September 2024 |
John Michael Hardcastle |
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Directors loan account |
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( |
- |
2023 |
At 1 October 2022 |
Repayments by Director |
At 30 September 2023 |
John Michael Hardcastle |
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Directors loan account |
- |
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During the year, a Director advanced £100,000 (2022 - £Nil) to the Company of which £100,000 (2022 - £Nil) was outstanding at the year end. The loan to the Company is interest free and was repaid after the year end.
Parent and ultimate parent undertaking |
The Company's immediate parent is