Registered number
09733191
Pomegranate Nursery Ltd
Filleted Accounts
31 August 2024
Pomegranate Nursery Ltd
Registered number: 09733191
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,950 23,819
Current assets
Debtors 4 451,251 393,769
Cash at bank and in hand 3,521 14,485
454,772 408,254
Creditors: amounts falling due within one year 5 (268,525) (255,121)
Net current assets 186,247 153,133
Total assets less current liabilities 203,197 176,952
Creditors: amounts falling due after more than one year 6 (47,740) (52,642)
Net assets 155,457 124,310
Capital and reserves
Called up share capital 100 100
Profit and loss account 155,357 124,210
Shareholder's funds 155,457 124,310
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Gruner
Director
Approved by the board on 27 August 2025
Pomegranate Nursery Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 66 68
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 81,317
Additions 7,246
At 31 August 2024 88,563
Depreciation
At 1 September 2023 57,498
Charge for the year 14,115
At 31 August 2024 71,613
Net book value
At 31 August 2024 16,950
At 31 August 2023 23,819
4 Debtors 2024 2023
£ £
Trade debtors 52,021 30,039
Other debtors 399,230 363,730
451,251 393,769
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,866 2,986
Trade creditors (8,302) 93,211
Taxation and social security costs 58,155 51,222
Other creditors 197,806 107,702
268,525 255,121
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 47,740 52,642
7 Other information
Pomegranate Nursery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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