Registration number: 03131614

Ashwood Nurseries Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Ashwood Nurseries Limited

Company Information

Director

Mr JSW Massey

Registered office

101 Dixons Green Road Dudley West Midlands DY2 7DJ

Accountants

Neil Westwood & Co Chartered Accountants101 Dixons Green Road Dudley West Midlands DY2 7DJ

Ashwood Nurseries Limited

(Registration number: 03131614)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	81,928	95,881
Current assets
Stocks		476,563	502,892
Debtors	5	18,500	24,469
Cash at bank and in hand		215,303	280,835
		710,366	808,196
Creditors: Amounts falling due within one year	6	(332,639)	(248,506)
Net current assets		377,727	559,690
Net assets		459,655	655,571
Capital and reserves
Called up share capital		1	1
Retained earnings		459,654	655,570
Shareholders' funds		459,655	655,571

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 April 2025
 

Mr JSW Massey Director

Ashwood Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

These financial statements were authorised for issue by the director on 15 April 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.
 

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 sales/value added tax, returns, rebates and discounts.

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.

Ashwood Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Improvements to property	at varying rates
Plant,fixtures & fittings	reducing balance 25% and 10% on cost
Greenhouses	reducing balance 15%
Motor vehicles	reducing balance 25%

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 104 (2023 - 105).

Ashwood Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Greenhouses £
Cost or valuation
At 1 January 2024	207,894	602,132	36,617	289,729
Additions	-	8,013	-	3,085
At 31 December 2024	207,894	610,145	36,617	292,814
Depreciation
At 1 January 2024	207,894	533,884	34,279	264,434
Charge for the year	-	20,518	584	3,949
At 31 December 2024	207,894	554,402	34,863	268,383
Carrying amount
At 31 December 2024	-	55,743	1,754	24,431
At 31 December 2023	-	68,248	2,338	25,295

	Total £
Cost or valuation
At 1 January 2024	1,136,372
Additions	11,098
At 31 December 2024	1,147,470
Depreciation
At 1 January 2024	1,040,491
Charge for the year	25,051
At 31 December 2024	1,065,542
Carrying amount
At 31 December 2024	81,928
At 31 December 2023	95,881

Ashwood Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

	2024 £	2023 £
Trade debtors	1,279	402
Other debtors	3,584	10,064
Prepayments	13,637	14,003
	18,500	24,469

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		152,255	143,692
Amounts due to related parties		73,285	-
Social security and other taxes		66,101	60,249
Other payables		26,729	26,970
Accruals		14,269	17,395
Tax liability		-	200
		332,639	248,506