REGISTERED NUMBER: 05663369 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WATER GARDEN NURSERIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Newman

B J E Newman

SECRETARY:

Mrs A Newman

REGISTERED OFFICE:

The Water Garden

Hinton Parva

Swindon

Wiltshire

SN4 0DH

REGISTERED NUMBER:

05663369 (England and Wales)

ACCOUNTANTS:

Nigel B Butler Limited

Basepoint Business Centre

Rivermead Drive

Swindon

Wiltshire

SN5 7EX

FIXED ASSETS

Intangible assets

4

2,145

1,279

Tangible assets

5

16,524

2,287

18,669

3,566

CURRENT ASSETS

Stocks

36,466

35,876

Debtors

1,660

1,406

Cash at bank and in hand

12,949

23,728

51,075

61,010

CREDITORS

Amounts falling due within one year

59,815

62,982

NET CURRENT LIABILITIES

(8,740

)

(1,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,929

1,594

CREDITORS

Amounts falling due after more than one year

(12,508

)

-

PROVISIONS FOR LIABILITIES

(2,335

)

-

NET (LIABILITIES)/ASSETS

(4,914

)

1,594

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,014

)

1,494

(4,914

)

1,594

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 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 3 August 2025 and were signed on its behalf by:

B J E Newman - Director

1.	STATUTORY INFORMATION

The Water Garden 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,300

Additions

1,300

At 31 December 2024

2,600

AMORTISATION

At 1 January 2024

21

Amortisation for year

434

At 31 December 2024

455

NET BOOK VALUE

At 31 December 2024

2,145

At 31 December 2023

1,279

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

13,435

Additions

17,143

Disposals

(8,400

)

At 31 December 2024

22,178

DEPRECIATION

At 1 January 2024

11,148

Charge for year

2,433

Eliminated on disposal

(7,927

)

At 31 December 2024

5,654

NET BOOK VALUE

At 31 December 2024

16,524

At 31 December 2023

2,287

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

Totals

£

COST

Additions

17,143

At 31 December 2024

17,143

DEPRECIATION

Charge for year

1,979

At 31 December 2024

1,979

NET BOOK VALUE

At 31 December 2024

15,164

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

15,091

-

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company operates at premises owned by A Newman.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,776 (2023 - £9,730) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J E Newman.