REGISTERED NUMBER: 05643264 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HIGHFIELD NURSERY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V M Lethbridge

SECRETARY:

Miss S M Tickner

REGISTERED OFFICE:

20 Highfield Road

Chislehurst

Kent

BR7 6QZ

REGISTERED NUMBER:

05643264 (England and Wales)

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

Suite 1B

Quadrant House North

65 Croydon Road

Caterham

Surrey

CR3 6PB

FIXED ASSETS

Intangible assets

4

24,700

49,400

Tangible assets

5

11,075

12,212

35,775

61,612

CURRENT ASSETS

Debtors

6

56,835

89,329

Cash at bank

216,349

205,090

273,184

294,419

CREDITORS

Amounts falling due within one year

7

(165,599

)

(166,392

)

NET CURRENT ASSETS

107,585

128,027

TOTAL ASSETS LESS CURRENT LIABILITIES

143,360

189,639

CREDITORS

Amounts falling due after more than one year

8

(1,208

)

(44,524

)

PROVISIONS FOR LIABILITIES

(2,329

)

(2,329

)

NET ASSETS

139,823

142,786

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

139,723

142,686

SHAREHOLDERS' FUNDS

139,823

142,786

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

V M Lethbridge - Director

1.	STATUTORY INFORMATION

Highfield Nursery 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

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

-

25% on cost

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.

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 46 (2023 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

494,000

AMORTISATION

At 1 January 2024

444,600

Charge for year

24,700

At 31 December 2024

469,300

NET BOOK VALUE

At 31 December 2024

24,700

At 31 December 2023

49,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

186,217

Additions

6,032

At 31 December 2024

192,249

DEPRECIATION

At 1 January 2024

174,005

Charge for year

7,169

At 31 December 2024

181,174

NET BOOK VALUE

At 31 December 2024

11,075

At 31 December 2023

12,212

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

6,835

14,329

Other debtors

50,000

75,000

56,835

89,329

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

78,693

99,646

Trade creditors

-

2,708

Taxation and social security

72,046

51,427

Other creditors

14,860

12,611

165,599

166,392

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,208

44,524

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V M Lethbridge.