REGISTERED NUMBER: 03533717 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Vicarage Nurseries Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Palbinder Kaur

Mr Makhan Singh

SECRETARY:

Mr Harjit Singh

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

03533717 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

777,917

643,476

CURRENT ASSETS

Inventories

445,170

490,280

Debtors

5

706,003

594,847

Cash at bank and in hand

203,780

121,320

1,354,953

1,206,447

CREDITORS

Amounts falling due within one year

6

2,013,558

1,851,846

NET CURRENT LIABILITIES

(658,605

)

(645,399

)

TOTAL ASSETS LESS CURRENT LIABILITIES

119,312

(1,923

)

CREDITORS

Amounts falling due after more than one year

7

295,450

186,866

NET LIABILITIES

(176,138

)

(188,789

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(176,238

)

(188,889

)

SHAREHOLDERS' FUNDS

(176,138

)

(188,789

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr Makhan Singh - Director

1.	STATUTORY INFORMATION

Vicarage 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

Revenue 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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 41 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

16,800

1,560,190

1,576,990

Additions

-

190,092

190,092

At 31 December 2024

16,800

1,750,282

1,767,082

DEPRECIATION

At 1 January 2024

-

933,514

933,514

Charge for year

-

55,651

55,651

At 31 December 2024

-

989,165

989,165

NET BOOK VALUE

At 31 December 2024

16,800

761,117

777,917

At 31 December 2023

16,800

626,676

643,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

676,516

539,334

Other debtors

29,487

55,513

706,003

594,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,130,113

1,193,342

Trade creditors

197,945

150,802

Taxation and social security

6,152

100,500

Other creditors

679,348

407,202

2,013,558

1,851,846

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

142,085

24,167

Other creditors

153,365

162,699

295,450

186,866

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

The company is controlled by M S Padda. Details of M S Padda's interests in the company's share capital are set out in the director's report.

M S Padda is also a shareholder and director of M S Padda Properties Limited. An amount of £166,343 (2022 : £164,593 ) was receivable at the year end.

M S Padda is also a shareholder and director of Fusion Personnel Limited. An amount of £134,830 (2022 : £ 115,011) was payable at the year end.