REGISTERED NUMBER: 05213753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEASONAL TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Bowness

Mrs L L Bowness

SECRETARY:

Mrs L L Bowness

REGISTERED OFFICE:

T/A Hartwell Nurseries

Ford Road

Stone, Aylesbury

Buckinghamshire

HP17 8RZ

REGISTERED NUMBER:

05213753 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

1,051,811

1,172,786

Investments

5

1

1

Investment property

6

505,810

505,810

1,557,622

1,678,597

CURRENT ASSETS

Stocks

572,646

601,683

Debtors

7

1,539,400

821,217

Cash at bank

1,002,391

1,404,639

3,114,437

2,827,539

CREDITORS

Amounts falling due within one year

8

543,567

551,670

NET CURRENT ASSETS

2,570,870

2,275,869

TOTAL ASSETS LESS CURRENT LIABILITIES

4,128,492

3,954,466

CREDITORS

Amounts falling due after more than one year

9

(182,019

)

(357,045

)

PROVISIONS FOR LIABILITIES

(195,000

)

(218,341

)

NET ASSETS

3,751,473

3,379,080

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,751,471

3,379,078

SHAREHOLDERS' FUNDS

3,751,473

3,379,080

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:

N A Bowness - Director

Mrs L L Bowness - Director

1.	STATUTORY INFORMATION

Seasonal Trading 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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

Freehold property

-

2% on cost

Leasehold improvements

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

The directors consider the residual value of the freehold property to be in excess of cost and therefore no depreciation charge has been provided.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment properties are initially recognised at cost and subsequently measured at fair value, with changes in fair value recognised in the profit and loss. Fair value is determined annually by independent valuers or by the directors using market evidence of prices for similar properties in comparable locations and conditions.

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 Income Statement, 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 57 (2023 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

property

improvements

machinery

£

£

£

COST

At 1 January 2024

271,494

871,832

412,881

Additions

-

6,875

2,080

Disposals

-

-

-

At 31 December 2024

271,494

878,707

414,961

DEPRECIATION

At 1 January 2024

-

297,391

214,572

Charge for year

-

43,709

49,880

Eliminated on disposal

-

-

-

At 31 December 2024

-

341,100

264,452

NET BOOK VALUE

At 31 December 2024

271,494

537,607

150,509

At 31 December 2023

271,494

574,441

198,309

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

96,712

127,897

66,823

1,847,639

Additions

17,572

15,999

1,291

43,817

Disposals

-

(37,380

)

-

(37,380

)

At 31 December 2024

114,284

106,516

68,114

1,854,076

DEPRECIATION

At 1 January 2024

57,404

45,533

59,953

674,853

Charge for year

11,735

24,203

4,115

133,642

Eliminated on disposal

-

(6,230

)

-

(6,230

)

At 31 December 2024

69,139

63,506

64,068

802,265

NET BOOK VALUE

At 31 December 2024

45,145

43,010

4,046

1,051,811

At 31 December 2023

39,308

82,364

6,870

1,172,786

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

505,810

NET BOOK VALUE

At 31 December 2024

505,810

At 31 December 2023

505,810

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

505,810

If Investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

as restated

£

£

Cost

505,810

505,810

Investment property was valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade debtors

67,903

135,807

Other debtors

1,471,497

685,410

1,539,400

821,217

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts

114,043

73,035

Trade creditors

86,160

63,922

Taxation and social security

318,587

250,934

Other creditors

24,777

163,779

543,567

551,670

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans

182,019

357,045

10.	LEASING AGREEMENTS

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

31.12.24

31.12.23

as restated

£

£

Within one year

20,000

20,000

Between one and five years

100,000

100,000

In more than five years

120,000

140,000

240,000

260,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

as restated

£

£

Bank loans

223,355

270,424

The above bank loan is secured by way of a debenture and legal charge in favour of National Westminster Bank PLC by way of fixed and floating charges over the assets of the company.

12.	RELATED PARTY DISCLOSURES

Interest free loans to related companies totalling £1,431,185 (2023 - £642,993) were outstanding at the year-end.