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Registrar

Registration number: 04362544

Olivers Nurseries Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Olivers Nurseries Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Olivers Nurseries Limited

Company Information

Directors

C G Granville-Willett

J G Willett

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Natwest
95 Newland Street
Witham
Essex
CM8 1YZ

Accountants

Lambert Chapman LLP
Chartered accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Olivers Nurseries Limited

(Registration number: 04362544)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

709,640

479,403

Current assets

 

Stocks

5

327,912

355,059

Debtors

6

5,062

5,380

Cash at bank and in hand

 

61,251

242,831

 

394,225

603,270

Creditors: Amounts falling due within one year

7

(206,885)

(243,222)

Net current assets

 

187,340

360,048

Total assets less current liabilities

 

896,980

839,451

Creditors: Amounts falling due after more than one year

7

(133,467)

(163,863)

Provisions for liabilities

(23,274)

(23,274)

Net assets

 

740,239

652,314

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

740,139

652,214

Shareholders' funds

 

740,239

652,314

For the financial year ended 31 January 2025 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.

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 10 July 2025 and signed on its behalf by:
 

J G Willett
Director

 

Olivers Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

The principal place of business is: Olivers Nurseries, Maldon Road, Witham, Essex, CM8 3HY.

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 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 financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

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 value added tax and returns.

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.

Government grants

Government grants are recognised using the accrual model and are shown within other operating income.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Olivers Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and buildings over their useful estimated lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% reducing balance

Office equipment, fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Solar panels

5% straight line

Leasehold improvements

2 - 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts owed from customers for merchandise sold, services performed or rent receivable in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquitted in the ordinary course of business from suppliers. Trade creditors 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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
 

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are payable to the company’s pension scheme and are charged to the profit and loss account in the period to which they relate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2024 - 32).

 

Olivers Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Leasehold Improvements
£

Fixtures, fittings and office equipment
 £

Motor vehicles
 £

Solar panels
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2024

398,124

40,142

38,530

60,000

189,538

726,334

Additions

270,712

-

-

-

-

270,712

Disposals

-

-

-

-

(3,850)

(3,850)

At 31 January 2025

668,836

40,142

38,530

60,000

185,688

993,196

Depreciation

At 1 February 2024

56,098

18,985

24,220

33,000

114,629

246,932

Charge for the year

18,161

3,174

3,578

3,000

11,100

39,013

Eliminated on disposal

-

-

-

-

(2,389)

(2,389)

At 31 January 2025

74,259

22,159

27,798

36,000

123,340

283,556

Carrying amount

At 31 January 2025

594,577

17,983

10,732

24,000

62,348

709,640

At 31 January 2024

342,027

21,157

14,310

27,000

74,909

479,403

 

Olivers Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

2025
£

2024
£

Growing and bought in stock

327,912

355,059

6

Debtors

2025
£

2024
£

Trade debtors

3,091

704

Prepayments and accrued income

1,078

1,203

Other debtors

893

3,473

5,062

5,380

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

10,430

10,180

Trade creditors

 

92,778

154,767

Taxation and social security

 

74,274

67,111

Accruals and deferred income

 

16,175

2,229

Other creditors

 

13,228

8,935

 

206,885

243,222

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

133,467

163,863

 

Olivers Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

99

99

99

99

Ordinary A shares of £1 each

1

1

1

1

 

100

100

100

100

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,430

10,180


 

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,467

13,863

Other borrowings

130,000

150,000

133,467

163,863