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REGISTERED NUMBER: 12098971 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Westlands Nursery Ltd

Westlands Nursery Ltd (Registered number: 12098971)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Westlands Nursery Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss C Burnell
Mrs N Black
Mr A Black





REGISTERED OFFICE: Westlands Nursery
West Street
Kilkhampton
Bude
Cornwall
EX23 9QW





REGISTERED NUMBER: 12098971 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Westlands Nursery Ltd (Registered number: 12098971)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 9,178 14,458

CURRENT ASSETS
Stocks 3,768 2,200
Debtors 7,011 25,084
Cash at bank and in hand 116,354 54,448
127,133 81,732
CREDITORS
Amounts falling due within one year 92,359 66,245
NET CURRENT ASSETS 34,774 15,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,952

29,945

CREDITORS
Amounts falling due after more than one
year

(16,753

)

(26,564

)

PROVISIONS FOR LIABILITIES (2,055 ) (3,136 )
NET ASSETS 25,144 245

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 25,044 145
SHAREHOLDERS' FUNDS 25,144 245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Westlands Nursery Ltd (Registered number: 12098971)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




Miss C Burnell - Director



Mrs N Black - Director


Westlands Nursery Ltd (Registered number: 12098971)

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


1. STATUTORY INFORMATION

Westlands Nursery Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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.
Improvements to property - 20% straight line
Plant and machinery - 20% straight line
Fixtures and fittings - Straight line over 1 to 5 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Westlands Nursery Ltd (Registered number: 12098971)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. 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.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

Hire purchase and leasing commitments
Rentals under operating leases are charged to the profit and loss account as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 41,745
Additions 1,727
Disposals (1,555 )
At 30 September 2024 41,917
DEPRECIATION
At 1 October 2023 27,287
Charge for year 6,748
Eliminated on disposal (1,296 )
At 30 September 2024 32,739
NET BOOK VALUE
At 30 September 2024 9,178
At 30 September 2023 14,458


Westlands Nursery Ltd (Registered number: 12098971)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 30,000
Between one and five years 120,000 120,000
In more than five years 47,500 77,500
197,500 227,500

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 A £1 51 51
49 B £1 49 49
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Miss C Burnell
Balance outstanding at start of year 445 8,445
Amounts repaid (445 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 445

The maximum overdrawn balance during the year was £445.

The loan was interest free and had no fixed date for repayment.