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REGISTERED NUMBER: 07152197 (England and Wales)

















KENWAY NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 JUNE 2023 TO 24 JUNE 2024






KENWAY NURSERIES LIMITED (REGISTERED NUMBER: 07152197)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JUNE 2023 TO 24 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


KENWAY NURSERIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 26 JUNE 2023 TO 24 JUNE 2024







DIRECTORS: Mr J J Kenway
Mrs D Kenway-Neher





REGISTERED OFFICE: Excel House
Millbrook Lane
Wragby
Market Rasen
Lincolnshire
LN8 5AB





BUSINESS ADDRESS: Hagnaby Lock
Stickney
Boston
Lincolnshire
PE22 8BP





REGISTERED NUMBER: 07152197 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Market Rasen
Lincolnshire
LN8 5AB

KENWAY NURSERIES LIMITED (REGISTERED NUMBER: 07152197)

ABRIDGED BALANCE SHEET
24 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 246,114 270,991

CURRENT ASSETS
Stocks 106,355 108,680
Debtors 438,206 452,073
Cash at bank 454,177 408,142
998,738 968,895
CREDITORS
Amounts falling due within one year 656,457 681,123
NET CURRENT ASSETS 342,281 287,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,395

558,763

PROVISIONS FOR LIABILITIES 49,936 48,906
NET ASSETS 538,459 509,857

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 538,359 509,757
538,459 509,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 June 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.

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 period ended 24 June 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 27 March 2025 and were signed on its behalf by:





Mr J J Kenway - Director


KENWAY NURSERIES LIMITED (REGISTERED NUMBER: 07152197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JUNE 2023 TO 24 JUNE 2024


1. STATUTORY INFORMATION

Kenway 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% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 period 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.

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 period 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.

KENWAY NURSERIES LIMITED (REGISTERED NUMBER: 07152197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JUNE 2023 TO 24 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 26 June 2023 590,236
Additions 13,853
At 24 June 2024 604,089
DEPRECIATION
At 26 June 2023 319,245
Charge for period 38,730
At 24 June 2024 357,975
NET BOOK VALUE
At 24 June 2024 246,114
At 25 June 2023 270,991

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

Totals
£   
COST
At 26 June 2023
and 24 June 2024 39,232
DEPRECIATION
At 26 June 2023 18,752
Charge for period 6,393
At 24 June 2024 25,145
NET BOOK VALUE
At 24 June 2024 14,087
At 25 June 2023 20,480