14 16 E.W. Burrow Nursery Limited 03625908 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is supply of high quality trees and associated accessories Digita Accounts Production Advanced 6.30.9574.0 true true 03625908 2023-10-01 2024-09-30 03625908 2024-09-30 03625908 bus:CompanySecretaryDirector1 1 2024-09-30 03625908 bus:OrdinaryShareClass1 2024-09-30 03625908 bus:OrdinaryShareClass2 2024-09-30 03625908 bus:OrdinaryShareClass3 2024-09-30 03625908 bus:PreferenceShareClass1 2024-09-30 03625908 core:CurrentFinancialInstruments 2024-09-30 03625908 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03625908 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 03625908 core:FurnitureFittingsToolsEquipment 2024-09-30 03625908 core:LandBuildings 2024-09-30 03625908 core:MotorVehicles 2024-09-30 03625908 core:OtherPropertyPlantEquipment 2024-09-30 03625908 bus:SmallEntities 2023-10-01 2024-09-30 03625908 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03625908 bus:FilletedAccounts 2023-10-01 2024-09-30 03625908 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03625908 bus:RegisteredOffice 2023-10-01 2024-09-30 03625908 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 03625908 bus:CompanySecretaryDirector1 1 2023-10-01 2024-09-30 03625908 bus:Director3 2023-10-01 2024-09-30 03625908 bus:Director5 2023-10-01 2024-09-30 03625908 bus:Director6 2023-10-01 2024-09-30 03625908 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03625908 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 03625908 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 03625908 bus:PreferenceShareClass1 2023-10-01 2024-09-30 03625908 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03625908 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 03625908 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 03625908 core:LandBuildings 2023-10-01 2024-09-30 03625908 core:MotorVehicles 2023-10-01 2024-09-30 03625908 core:OfficeEquipment 2023-10-01 2024-09-30 03625908 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 03625908 core:PlantMachinery 2023-10-01 2024-09-30 03625908 core:Vehicles 2023-10-01 2024-09-30 03625908 1 2023-10-01 2024-09-30 03625908 countries:EnglandWales 2023-10-01 2024-09-30 03625908 2023-09-30 03625908 bus:CompanySecretaryDirector1 1 2023-09-30 03625908 core:FurnitureFittingsToolsEquipment 2023-09-30 03625908 core:LandBuildings 2023-09-30 03625908 core:MotorVehicles 2023-09-30 03625908 core:OtherPropertyPlantEquipment 2023-09-30 03625908 2022-10-01 2023-09-30 03625908 2023-09-30 03625908 bus:CompanySecretaryDirector1 1 2023-09-30 03625908 bus:OrdinaryShareClass1 2023-09-30 03625908 bus:OrdinaryShareClass2 2023-09-30 03625908 bus:OrdinaryShareClass3 2023-09-30 03625908 bus:PreferenceShareClass1 2023-09-30 03625908 core:CurrentFinancialInstruments 2023-09-30 03625908 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03625908 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03625908 core:FurnitureFittingsToolsEquipment 2023-09-30 03625908 core:LandBuildings 2023-09-30 03625908 core:MotorVehicles 2023-09-30 03625908 core:OtherPropertyPlantEquipment 2023-09-30 03625908 bus:CompanySecretaryDirector1 1 2022-10-01 2023-09-30 03625908 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 03625908 bus:PreferenceShareClass1 2022-10-01 2023-09-30 03625908 bus:CompanySecretaryDirector1 1 2022-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03625908

E.W. Burrow Nursery Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

E.W. Burrow Nursery Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 11

 

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

Burrow Nursery
Herring Lane
Cross in Hand
Heathfield
East Sussex
TN21 0UG

Accountants

Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
United Kingdom
WC2R 0LR

 

E.W. Burrow Nursery Limited

(Registration number: 03625908)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,765

15,059

Tangible assets

5

248,672

281,008

 

252,437

296,067

Current assets

 

Stocks

6

305,501

349,140

Debtors

7

22,052

475,354

Cash at bank and in hand

 

168,741

136,491

 

496,294

960,985

Prepayments and accrued income

 

7,058

15,598

Creditors: Amounts falling due within one year

8.1

(269,127)

(496,327)

Net current assets

 

234,225

480,256

Total assets less current liabilities

 

486,662

776,323

Creditors: Amounts falling due after more than one year

8.2

(27,760)

(37,347)

Provisions for liabilities

(24,231)

(31,080)

Accruals and deferred income

 

(11,940)

(9,563)

Net assets

 

422,731

698,333

Capital and reserves

 

Called up share capital

9

102,776

102,773

Retained earnings

319,955

595,560

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:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

Simon Dyas Johnson
Director

Joanne Michelle Carter
Director

 
     
 

E.W. Burrow Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Burrow Nursery
Herring Lane
Cross in Hand
Heathfield
East Sussex
TN21 0UG

These financial statements were authorised for issue by the Board on 28 March 2025.

2

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

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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 only enters into basic financial instrument transactions that give rise to financial asset debt instruments or financial liability debt instruments. All financial instruments are initially recognised at their fair value net of transaction costs and are subsequently recognised at amortised cost with the effective interest recognised through the profit or loss. The Company has not recognised any financial instruments at fair value through profit or loss or fair value through other comprehensive income.

The Company has no financial asset equity instruments.

 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 14 (2023 - 16).

 

E.W. Burrow Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2023

45,174

At 30 September 2024

45,174

Amortisation

At 1 October 2023

30,115

Amortisation charge

11,294

At 30 September 2024

41,409

Carrying amount

At 30 September 2024

3,765

At 30 September 2023

15,059

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

264,797

38,862

89,850

265,872

659,381

Disposals

-

(11,789)

-

(608)

(12,397)

At 30 September 2024

264,797

27,073

89,850

265,264

646,984

Depreciation

At 1 October 2023

76,639

28,717

28,830

244,187

378,373

Charge for the year

7,526

2,009

15,255

5,416

30,206

Eliminated on disposal

-

(9,681)

-

(586)

(10,267)

At 30 September 2024

84,165

21,045

44,085

249,017

398,312

Carrying amount

At 30 September 2024

180,632

6,028

45,765

16,247

248,672

At 30 September 2023

188,158

10,145

61,020

21,685

281,008

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

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

305,501

349,140

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

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).

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

-

-

71,942

71,942

Ordinary B Shares of £1 each

-

-

30,831

30,831

Redeemable preference shares of £1 (2023 - £0) each

3

3

-

-

Ordinary Shares of £1 (2023 - £0) each

102,773

102,773

-

-

102,776

102,776

102,773

102,773

 

E.W. Burrow Nursery Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

10

Related party transactions

Transactions with Directors

2024

At 1 October 2023
£

Repayments by Director
£

At 30 September 2024
£

John Michael Hardcastle

Directors loan account

100,000

(100,000)

-

2023

At 1 October 2022
£

Repayments by Director
£

At 30 September 2023
£

John Michael Hardcastle

Directors loan account

-

100,000

100,000

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.

11

Parent and ultimate parent undertaking

On 30 October 2023, E.W. Burrow Nursery Trustees Limited, a company limited by guarantee, became the immediate parent company by virtue of their majority shareholding in the Company. From this date, the Company does not have one single controlling party.

 The Company's immediate parent is E.W. Burrow Nursery Trustees Limited, incorporated in England and Wales.