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REGISTERED NUMBER: 04827218 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PROVENDER NURSERIES LIMITED

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROVENDER NURSERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R B East
R E Edge-McKenna
R J Burt
Mrs L P East
Mrs F J Rowell





SECRETARY: Mrs L P East





REGISTERED OFFICE: The Landscape Centre
Leydenhatch Lane
Swanley
Kent
BR8 7PS





REGISTERED NUMBER: 04827218 (England and Wales)





ACCOUNTANTS: Sargeant Partnership Limited
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,368,912 1,594,214

CURRENT ASSETS
Stocks 2,124,913 2,335,291
Debtors 5 226,556 207,009
Cash at bank and in hand 5,359 5,458
2,356,828 2,547,758
CREDITORS
Amounts falling due within one year 6 2,090,296 2,178,156
NET CURRENT ASSETS 266,532 369,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,635,444

1,963,816

CREDITORS
Amounts falling due after more than one
year

7

(464,920

)

(712,461

)

PROVISIONS FOR LIABILITIES (175,722 ) (195,762 )
NET ASSETS 994,802 1,055,593

CAPITAL AND RESERVES
Called up share capital 10 11,110 11,110
Retained earnings 11 983,692 1,044,483
SHAREHOLDERS' FUNDS 994,802 1,055,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





R E Edge-McKenna - Director


PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Provender Nurseries 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.
Improvements to property - 10% per annum on cost
Plant and machinery - 10% per annum on cost
Website & Design Costs - 33% per annum on cost
Motor vehicles - 20% per annum on cost and 10% per annum on cost
Office Equipment - 33% per annum on cost, 20% per annum on cost and 10% per annum 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.

Taxation
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.


PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 82 (2023 - 88 ) .

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Improvements Website &
to Plant and Design
property machinery Costs
£    £    £   
COST
At 1 September 2023 1,233,630 774,652 60,553
Additions 68,997 5,163 3,734
At 31 August 2024 1,302,627 779,815 64,287
DEPRECIATION
At 1 September 2023 449,485 399,343 54,800
Charge for year 118,200 58,663 5,441
At 31 August 2024 567,685 458,006 60,241
NET BOOK VALUE
At 31 August 2024 734,942 321,809 4,046
At 31 August 2023 784,145 375,309 5,753

Motor Office
vehicles Equipment Totals
£    £    £   
COST
At 1 September 2023 597,875 278,636 2,945,346
Additions 11,780 7,329 97,003
At 31 August 2024 609,655 285,965 3,042,349
DEPRECIATION
At 1 September 2023 273,247 174,257 1,351,132
Charge for year 105,132 34,869 322,305
At 31 August 2024 378,379 209,126 1,673,437
NET BOOK VALUE
At 31 August 2024 231,276 76,839 1,368,912
At 31 August 2023 324,628 104,379 1,594,214

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 311,219 515,055 826,274
DEPRECIATION
At 1 September 2023 82,714 230,370 313,084
Charge for year 31,122 92,638 123,760
At 31 August 2024 113,836 323,008 436,844
NET BOOK VALUE
At 31 August 2024 197,383 192,047 389,430
At 31 August 2023 228,505 284,685 513,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,542 139,374
Other debtors 59,510 33,162
Directors' loan accounts 2,200 2,200
Prepayments 47,304 32,273
226,556 207,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 518,876 505,899
Hire purchase contracts (see note 8) 136,641 174,628
Trade creditors 891,361 945,442
Taxation and social security 291,760 264,656
Other creditors 251,658 287,531
2,090,296 2,178,156

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 166,631 220,120
Hire purchase contracts (see note 8) 21,235 142,884
Other creditors 277,054 349,457
464,920 712,461

Included within other creditors are the following amounts relating to a directors' loan account from R East:

Due in less than one year £72,403
Due in more than one year £277,054

This loan has no stipulation as to repayment or interest and R East has indicated his continued ongoing support for the company.

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 136,641 174,628
Between one and five years 21,235 142,884
157,876 317,512

9. SECURED DEBTS

Lloyds Bank Plc holds fixed and floating charges over all of the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,555 A Ordinary £1 5,555 5,555
5,555 B Ordinary £1 5,555 5,555
11,110 11,110

PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. RESERVES
Retained
earnings
£   

At 1 September 2023 1,044,483
Deficit for the year (60,791 )
At 31 August 2024 983,692

12. TRANSACTIONS WITH DIRECTORS

At the balance sheet date the company owed R East £349,457 (2023: £417,927) and R Burt owed the company £2,200 (2023: £2,200).

13. RELATED PARTY DISCLOSURES

Richard East, a director and shareholder of Provender Nurseries Limited, trades as R B East T/A Eastland.

During the year, Provender Nurseries Limited made sales to R B East T/A Eastland totalling £375 (2023: £4,421). At the balance sheet date £NIL (2032: £NIL) was owed from R B East T/A Eastland.

During the year, Provender Nurseries Limited paid rent and sundry purchases to R B East T/A Eastland totalling £262,886 (2023: £214,046). At the balance sheet date £126,151 (2023: £78,368) was owed to R B East T/A Eastland.

During the year, Provender Nurseries Limited made sales £10,363 (2023: £2,170) to Planet Plants, a partnership of which R E Edge-McKenna is a partner. At the balance sheet date £3,775 (2023: £NIL) was owed from Planet Plants.

During the year, Provender Nurseries Limited made purchases from Planet Plants totalling £68,007 (2023: £114,194). At the balance sheet date £21,914 (2032:£25,538) was owed to Planet Plants.

14. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Richard East by virtue of his shareholding.