Registered number
04539608
Virginia Nurseries Limited
Filleted Accounts
31 December 2024
Virginia Nurseries Limited
Registered number: 04539608
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,055 41,852
Current assets
Stocks 1,500 922
Debtors 4 29,433 23,910
Cash at bank and in hand 79,763 67,148
110,696 91,980
Creditors: amounts falling due within one year 5 (66,949) (71,135)
Net current assets 43,747 20,845
Total assets less current liabilities 72,802 62,697
Creditors: amounts falling due after more than one year 6 (4,294) (8,817)
Provisions for liabilities (1,546) (3,834)
Net assets 66,962 50,046
Capital and reserves
Called up share capital 100 100
Profit and loss account 66,862 49,946
Shareholders' funds 66,962 50,046
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ruhullan Sajadi
Director
Approved by the board on 19 April 2025
Virginia Nurseries Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 53,160 11,654 24,123 88,937
Additions - 375 - 375
At 31 December 2024 53,160 12,029 24,123 89,312
Depreciation
At 1 January 2024 21,783 9,127 16,175 47,085
Charge for the year 10,459 726 1,987 13,172
At 31 December 2024 32,242 9,853 18,162 60,257
Net book value
At 31 December 2024 20,918 2,176 5,961 29,055
At 31 December 2023 31,377 2,527 7,948 41,852
4 Debtors 2024 2023
£ £
Other debtors 29,433 23,910
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,341 6,086
Trade creditors 10,139 9,524
Taxation and social security costs 5,711 2,964
Other creditors 47,758 52,561
66,949 71,135
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,294 8,817
7 Other information
Virginia Nurseries Limited is a private company limited by shares and incorporated in England. Its registered office is: 42 Jackson Road, Newbourne, Woodbridge, Suffolk, IP12 4NR
Virginia Nurseries Limited 04539608 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Ruhullan Sajadi No description of principal activity 04539608 2023-01-01 2023-12-31 04539608 core:WithinOneYear 2023-12-31 04539608 core:AfterOneYear 2023-12-31 04539608 core:ShareCapital 2023-12-31 04539608 core:RetainedEarningsAccumulatedLosses 2023-12-31 04539608 2024-01-01 2024-12-31 04539608 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04539608 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04539608 bus:Director40 2024-01-01 2024-12-31 04539608 1 2024-01-01 2024-12-31 04539608 2 2024-01-01 2024-12-31 04539608 core:LandBuildings 2024-01-01 2024-12-31 04539608 core:PlantMachinery 2024-01-01 2024-12-31 04539608 core:Vehicles 2024-01-01 2024-12-31 04539608 countries:England 2024-01-01 2024-12-31 04539608 bus:FRS102 2024-01-01 2024-12-31 04539608 bus:FilletedAccounts 2024-01-01 2024-12-31 04539608 2024-12-31 04539608 core:WithinOneYear 2024-12-31 04539608 core:AfterOneYear 2024-12-31 04539608 core:ShareCapital 2024-12-31 04539608 core:RetainedEarningsAccumulatedLosses 2024-12-31 04539608 core:LandBuildings 2024-12-31 04539608 core:PlantMachinery 2024-12-31 04539608 core:Vehicles 2024-12-31 04539608 2023-12-31 04539608 core:LandBuildings 2023-12-31 04539608 core:PlantMachinery 2023-12-31 04539608 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure