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REGISTERED NUMBER: 02567971 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CREEPERS LIMITED

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


CREEPERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J W Ryall
R J Ryall





REGISTERED OFFICE: Rear Of Spinney Hill
Addlestone
Surrey
KT15 1AD





REGISTERED NUMBER: 02567971 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 16,438 5
Tangible assets 5 373,928 403,425
390,366 403,430

CURRENT ASSETS
Stocks 659,132 606,488
Debtors 6 714,192 666,960
Cash at bank and in hand 1,071,637 1,124,135
2,444,961 2,397,583
CREDITORS
Amounts falling due within one year 7 878,851 950,583
NET CURRENT ASSETS 1,566,110 1,447,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,956,476

1,850,430

CREDITORS
Amounts falling due after more than one year 8 (75,560 ) (124,049 )

PROVISIONS FOR LIABILITIES 11 (86,023 ) (86,509 )
NET ASSETS 1,794,893 1,639,872

CAPITAL AND RESERVES
Called up share capital 12 114 114
Retained earnings 1,794,779 1,639,758
SHAREHOLDERS' FUNDS 1,794,893 1,639,872

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.

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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 16 May 2025 and were signed on its behalf by:





R J Ryall - Director


CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


1. STATUTORY INFORMATION

Creepers 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 represents net invoiced sales of plants and landscaping services, excluding Value Added Tax.

Turnover is recognised in the period the plants are sold and the landscaping services are carried out.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Intangible assets also include intellectual property rights concerning the use of the name Brockhill Nursery. It is not amortised.

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.
Plant and machinery etc - 20% on reducing balance and 10% 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.

Cost is defined as the actual cost of goods to be sold.

Net realisable value is defined as the expected selling price less estimated selling costs.


CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account 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 41 (2023 - 42 ) .

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 5
Additions 17,000
At 31 August 2024 17,005
AMORTISATION
Charge for year 567
At 31 August 2024 567
NET BOOK VALUE
At 31 August 2024 16,438
At 31 August 2023 5

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 4,000 896,114 900,114
Additions - 61,082 61,082
Disposals - (57,681 ) (57,681 )
At 31 August 2024 4,000 899,515 903,515
DEPRECIATION
At 1 September 2023 - 496,689 496,689
Charge for year - 84,464 84,464
Eliminated on disposal - (51,566 ) (51,566 )
At 31 August 2024 - 529,587 529,587
NET BOOK VALUE
At 31 August 2024 4,000 369,928 373,928
At 31 August 2023 4,000 399,425 403,425

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 369,727
Additions 28,300
At 31 August 2024 398,027
DEPRECIATION
At 1 September 2023 167,386
Charge for year 44,242
At 31 August 2024 211,628
NET BOOK VALUE
At 31 August 2024 186,399
At 31 August 2023 202,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 638,923 601,841
Other debtors 75,269 65,119
714,192 666,960

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,604 25,707
Hire purchase contracts (see note 9) 47,888 57,991
Trade creditors 460,277 460,305
Taxation and social security 334,934 312,824
Other creditors 20,148 93,756
878,851 950,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 15,604
Hire purchase contracts (see note 9) 75,560 108,445
75,560 124,049

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 47,888 57,991
Between one and five years 75,560 108,445
123,448 166,436

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 89,000 92,500
Between one and five years 4,167 65,000
93,167 157,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 15,604 41,311

Bank loans are secured by a charge over the assets owned by the company.

11. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 86,023 86,509

Deferred
tax
£   
Balance at 1 September 2023 86,509
Utilised during year (486 )
Balance at 31 August 2024 86,023

CREEPERS LIMITED (REGISTERED NUMBER: 02567971)

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


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal value: 31.8.23 31.8.22
£ £
100 Ordinary £1 100 100
12 B Ordinary £1 12 12
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
114 114

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Director
Balance outstanding at start of year (27 ) (48 )
Amounts advanced 148,232 72,671
Amounts repaid (148,225 ) (72,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20 ) (27 )

Director
Balance outstanding at start of year (44 ) (37 )
Amounts advanced 139,539 66,243
Amounts repaid (139,500 ) (66,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5 ) (44 )

Interest is charged on the loan accounts at a rate of 2.25% per annum.