REGISTERED NUMBER: 03465188 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Boverton Nurseries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Roberts

J D Roberts

SECRETARY:

J D Roberts

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

03465188 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

4

230,150

80,185

CURRENT ASSETS

Stocks

57,595

48,940

Debtors

5

41,607

21,673

Cash at bank and in hand

1,681

70,685

100,883

141,298

CREDITORS

Amounts falling due within one year

6

98,811

43,091

NET CURRENT ASSETS

2,072

98,207

TOTAL ASSETS LESS CURRENT LIABILITIES

232,222

178,392

CREDITORS

Amounts falling due after more than one year

7

(119,058

)

(60,233

)

PROVISIONS FOR LIABILITIES

(20,329

)

(15,137

)

NET ASSETS

92,835

103,022

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,735

102,922

SHAREHOLDERS' FUNDS

92,835

103,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 1 September 2025 and were signed on its behalf by:

C J Roberts - Director

J D Roberts - Director

1.	STATUTORY INFORMATION

Boverton 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.

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

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 and revenue recognition

Income is recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life:

Motor vehicles - 25% reducing balance basis

Plant & equipment - 7% and 10% on cost

Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

-

205,457

205,457

Additions

122,732

44,411

167,143

Disposals

-

(11,690

)

(11,690

)

At 31 December 2024

122,732

238,178

360,910

DEPRECIATION

At 1 January 2024

-

125,272

125,272

Charge for year

-

17,178

17,178

Eliminated on disposal

-

(11,690

)

(11,690

)

At 31 December 2024

-

130,760

130,760

NET BOOK VALUE

At 31 December 2024

122,732

107,418

230,150

At 31 December 2023

-

80,185

80,185

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

32,715

5,362

Other debtors

8,892

16,311

41,607

21,673

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

16,800

-

Trade creditors

45,833

-

Taxation and social security

9,645

21,535

Other creditors

26,533

21,556

98,811

43,091

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

53,200

-

Other creditors

65,858

60,233

119,058

60,233

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

70,000

-

Other loans

7,875

-

77,875

-

9.	RELATED PARTY DISCLOSURES

At the year end the directors' loans to the Company were £60,233, (2023 :£60,233).

The directors have both given personal guarantees to cover the new bank loan to the Company.

10.	DEBENTURE & LEGAL CHARGE

The Company's bankers hold a debenture which secures all monies due, or to become due, to them by a first fixed charge and a first floating charge over the Company's assets.

A further legal charge has been registered regarding the new bank loan over land and buildings.

The hire purchase loan is secured against the asset to which it relates.