REGISTERED NUMBER: 11863123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Preston Bissett Nurseries and Country

Shop Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Richardson

O Richardson

REGISTERED OFFICE:

The Nurseries

Bushey Lane

Preston Bissett

Buckinghamshire

MK18 4ND

REGISTERED NUMBER:

11863123 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

236,708

223,384

CURRENT ASSETS

Stocks

204,552

220,982

Debtors

5

18,853

37,814

Cash at bank and in hand

34,501

24,458

257,906

283,254

CREDITORS

Amounts falling due within one year

6

316,156

300,613

NET CURRENT LIABILITIES

(58,250

)

(17,359

)

TOTAL ASSETS LESS CURRENT LIABILITIES

178,458

206,025

CREDITORS

Amounts falling due after more than one year

7

(11,353

)

(21,525

)

PROVISIONS FOR LIABILITIES

(6,117

)

(12,370

)

NET ASSETS

160,988

172,130

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

160,888

172,030

SHAREHOLDERS' FUNDS

160,988

172,130

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 25 September 2025 and were signed on its behalf by:

O Richardson - Director

1.	STATUTORY INFORMATION

Preston Bissett Nurseries and Country Shop Ltd 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.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Plant & machinery

-

20% on cost

Equipment

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2023 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

property

machinery

Equipment

£

£

£

COST

At 1 January 2024

181,735

53,148

18,309

Additions

41,445

1,054

530

At 31 December 2024

223,180

54,202

18,839

DEPRECIATION

At 1 January 2024

9,288

31,494

6,461

Charge for year

9,438

10,766

3,724

At 31 December 2024

18,726

42,260

10,185

NET BOOK VALUE

At 31 December 2024

204,454

11,942

8,654

At 31 December 2023

172,447

21,654

11,848

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

39,555

12,989

305,736

Additions

5,195

675

48,899

At 31 December 2024

44,750

13,664

354,635

DEPRECIATION

At 1 January 2024

26,370

8,739

82,352

Charge for year

8,950

2,697

35,575

At 31 December 2024

35,320

11,436

117,927

NET BOOK VALUE

At 31 December 2024

9,430

2,228

236,708

At 31 December 2023

13,185

4,250

223,384

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

18,853

30,638

Other debtors

-

7,176

18,853

37,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

10,216

10,016

Trade creditors

9,582

54,610

Taxation and social security

37,332

48,726

Other creditors

259,026

187,261

316,156

300,613

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

11,353

21,525

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,216

10,016

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,353

21,525

Loan balances outstanding as at the balance sheet date are unsecured and are guaranteed by the UK Government.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

1,987

4,834

Between one and five years

-

2,270

1,987

7,104