Osberton Nurseries Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07128413

Osberton Nurseries Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

Osberton Nurseries Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		153,600	182,801

Current assets

Stocks		1,028,969	1,074,561
Debtors	7	397,458	452,835
Cash at bank and in hand		1,936,343	1,416,531
		-------------	-------------
		3,362,770	2,943,927

Creditors: amounts falling due within one year	8	822,153		796,700
		-------------		-------------
Net current assets			2,540,617	2,147,227
			-------------	-------------
Total assets less current liabilities			2,694,217	2,330,028

Provisions

Taxation including deferred tax	28,881	36,449
	-------------	-------------
Net assets	2,665,336	2,293,579
	-------------	-------------

Osberton Nurseries Limited

Statement of Financial Position (continued)

31 May 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	200	200
Profit and loss account	2,665,136	2,293,379
	-------------	-------------
Shareholders funds	2,665,336	2,293,579
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

P C Murch	P S Murch
Director	Director

W J Murch
Director

Company registration number: 07128413

Osberton Nurseries Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Osberton Nurseries West Buildings, Osberton Grange, Worksop, United Kingdom, S81 0UF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	15 - 20 % Reducing balance
Plant and machinery	-	15, 20 and 25% Reducing balance
Motor vehicles	-	25% Reducing balance
Office equipment	-	15, 20 and 25% Reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2024: 35 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 June 2024 and 31 May 2025	425,000
	----------
Amortisation
At 1 June 2024 and 31 May 2025	425,000
	----------
Carrying amount
At 31 May 2025	–
	----------
At 31 May 2024	–
	----------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 June 2024	163,955	524,674	61,239	48,421	798,289
Additions	8,259	4,211	–	1,357	13,827
Disposals	–	( 7,000)	–	–	( 7,000)
	----------	----------	---------	---------	----------
At 31 May 2025	172,214	521,885	61,239	49,778	805,116
	----------	----------	---------	---------	----------
Depreciation
At 1 June 2024	128,562	416,160	35,620	35,146	615,488
Charge for the year	5,575	27,604	6,404	3,445	43,028
Disposals	–	( 7,000)	–	–	( 7,000)
	----------	----------	---------	---------	----------
At 31 May 2025	134,137	436,764	42,024	38,591	651,516
	----------	----------	---------	---------	----------
Carrying amount
At 31 May 2025	38,077	85,121	19,215	11,187	153,600
	----------	----------	---------	---------	----------
At 31 May 2024	35,393	108,514	25,619	13,275	182,801
	----------	----------	---------	---------	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	389,172	445,310
Other debtors	8,286	7,525
	----------	----------
	397,458	452,835
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	68,359	89,091
Corporation tax	142,680	85,141
Social security and other taxes	291,459	267,862
Other creditors	319,655	354,606
	----------	----------
	822,153	796,700
	----------	----------