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Registration number: 08041111

Hilltop Nurseries (Nottingham) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Hilltop Nurseries (Nottingham) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Hilltop Nurseries (Nottingham) Limited

Company Information

Directors

Mrs Lesley Jane Merrin

Mr John Richard Heyhoe

Registered office

164-166 Lambley Lane
Gedling
Nottingham
Nottinghamshire
NG4 4PB

Accountants

Atkinson Evans Limited
Chartered Certified AccountantsThe Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
Nottinghamshire
NG5 6LJ

 

Hilltop Nurseries (Nottingham) Limited

(Registration number: 08041111)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,360

15,806

Current assets

 

Stocks

5

78,439

80,243

Debtors

372

3,835

Cash at bank and in hand

 

153,709

150,386

 

232,520

234,464

Prepayments and accrued income

 

4,071

3,872

Creditors: Amounts falling due within one year

(128,835)

(137,485)

Net current assets

 

107,756

100,851

Total assets less current liabilities

 

120,116

116,657

Provisions for liabilities

(3,090)

(3,952)

Accruals and deferred income

 

(3,212)

(2,675)

Net assets

 

113,814

110,030

Capital and reserves

 

Called up share capital

6

6

6

Retained earnings

113,808

110,024

Shareholders' funds

 

113,814

110,030

For the financial year ending 31 December 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 15 May 2025 and signed on its behalf by:
 

 

Hilltop Nurseries (Nottingham) Limited

(Registration number: 08041111)
Abridged Balance Sheet as at 31 December 2024

.........................................
Mrs Lesley Jane Merrin
Director

 

Hilltop Nurseries (Nottingham) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
164-166 Lambley Lane
Gedling
Nottingham
Nottinghamshire
NG4 4PB

These financial statements were authorised for issue by the Board on 15 May 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.

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 sales/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.

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.

 

Hilltop Nurseries (Nottingham) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% on Reducing Balance

Fixtures & fittings

25% on Reducing Balance

Motor vehicles

25% on Reducing Balance

Website

20% Straight line

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.

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 receivables.

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 and work in progress comprises direct materials and, where applicable, direct labour costs 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.

 

Hilltop Nurseries (Nottingham) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 6).

 

Hilltop Nurseries (Nottingham) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2024

9,733

54,284

2,562

10,750

At 31 December 2024

9,733

54,284

2,562

10,750

Depreciation

At 1 January 2024

8,506

41,363

2,129

9,524

Charge for the year

307

2,584

250

306

At 31 December 2024

8,813

43,947

2,379

9,830

Carrying amount

At 31 December 2024

920

10,337

183

920

At 31 December 2023

1,227

12,921

433

1,225

Total
£

Cost or valuation

At 1 January 2024

77,329

At 31 December 2024

77,329

Depreciation

At 1 January 2024

61,522

Charge for the year

3,447

At 31 December 2024

64,969

Carrying amount

At 31 December 2024

12,360

At 31 December 2023

15,806

5

Stocks

2024
£

2023
£

Raw materials and consumables

78,439

80,243

6

Share capital

Allotted, called up and fully paid shares

 

Hilltop Nurseries (Nottingham) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

3

3

3

3

B Dividend of £1 each

1

1

1

1

C Dividend of £1 each

1

1

1

1

D Dividend of £1 each

1

1

1

1

6

6

6

6