Company registration number 01895690 (England and Wales)
OAKLEA NURSERIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
OAKLEA NURSERIES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
OAKLEA NURSERIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
546,142
619,267
Current assets
Stocks
21,097
8,169
Debtors
4
90,335
60,913
111,432
69,082
Creditors: amounts falling due within one year
5
(672,063)
(861,776)
Net current liabilities
(560,631)
(792,694)
Total assets less current liabilities
(14,489)
(173,427)
Creditors: amounts falling due after more than one year
6
(79,212)
(124,432)
Net liabilities
(93,701)
(297,859)
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss reserves
(95,701)
(299,859)
Total equity
(93,701)
(297,859)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 15 April 2025
Mr P Wilson
Director
Company registration number 01895690 (England and Wales)
OAKLEA NURSERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Oaklea Nurseries Limited is a private company limited by shares incorporated in England and Wales. The registered office is Howden Road, Holme on Spalding Moor, York, YO43 4DT. The company registration number is 01895690.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on a going concern basis due to the company continuing to meet its ongoing working capital requirment's, together with the support of the director.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of discounts and of vat.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
No depreciation
Long leasehold property
10% straight line
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

OAKLEA NURSERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Assets held under higher purchase are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum hire purchase payments. The related liability is included in the statement of financial position as a higher purchase obligation. Higher purchase payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2023 - 4).

2024
2023
Number
Number
Total
4
4
OAKLEA NURSERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Freehold property
Long leasehold property
Plant and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
230,774
842,565
1,526,803
30,302
2,630,444
Depreciation and impairment
At 1 January 2024
213,268
811,284
965,053
21,572
2,011,177
Depreciation charged in the year
-
0
15,183
57,201
741
73,125
At 31 December 2024
213,268
826,467
1,022,254
22,313
2,084,302
Carrying amount
At 31 December 2024
17,506
16,098
504,549
7,989
546,142
At 31 December 2023
17,506
31,281
561,750
8,730
619,267
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
72,582
45,058
Other debtors
17,753
15,855
90,335
60,913
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
69,788
157,665
Trade creditors
14,245
27,164
Taxation and social security
1,994
3,166
Other creditors
586,036
673,781
672,063
861,776
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
79,212
110,479
Other creditors
-
0
13,953
79,212
124,432
OAKLEA NURSERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
7
Directors' transactions

Advances or credits have been granted by the company to its director as follows:

Description
Opening balance
Amounts advanced
Closing balance
£
£
£
(631,971)
69,493
(562,478)
(631,971)
69,493
(562,478)
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