Wallington Nursery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08491364

WALLINGTON NURSERY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

WALLINGTON NURSERY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		50,185		57,503

Current assets

Stocks		250,000	245,000
Debtors	7	52,465	71,800
Cash at bank and in hand		53,206	49,340
		----------	----------
		355,671	366,140

Creditors: amounts falling due within one year	8	1,916,662		1,797,600
		-------------		-------------
Net current liabilities			1,560,991		1,431,460
			-------------		-------------
Total assets less current liabilities			( 1,510,806)		( 1,373,957)
			-------------		-------------
Net liabilities			( 1,510,806)		( 1,373,957)
			-------------		-------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 1,510,906)	( 1,374,057)
		-------------	-------------
Shareholder deficit		( 1,510,806)	( 1,373,957)
		-------------	-------------

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 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WALLINGTON NURSERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

L.C. Newton
Director

Company registration number: 08491364

WALLINGTON NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 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 4a Woodmansterne Lane, Wallington, Surrey, SM6 0SU.

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, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

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:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% straight line

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 5 ).

5. Tax on loss

The company has tax losses available to carry forward against future trading profits of £1,450,139 (2024 - £1,332,121). A potential deferred tax asset arises but this has not been provided for due to uncertainty over the company's ability to utilise these losses.

6. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1st April 2024	186,569	27,912	5,108	219,589
Additions	2,100	–	–	2,100
	----------	---------	-------	----------
At 31st March 2025	188,669	27,912	5,108	221,689
	----------	---------	-------	----------
Depreciation
At 1st April 2024	133,145	26,011	2,930	162,086
Charge for the year	8,071	475	872	9,418
	----------	---------	-------	----------
At 31st March 2025	141,216	26,486	3,802	171,504
	----------	---------	-------	----------
Carrying amount
At 31st March 2025	47,453	1,426	1,306	50,185
	----------	---------	-------	----------
At 31st March 2024	53,424	1,901	2,178	57,503
	----------	---------	-------	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	46,734	64,075
Other debtors	5,731	7,725
	---------	---------
	52,465	71,800
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	47,294	46,514
Social security and other taxes	7,594	16,371
Other creditors	1,861,774	1,734,715
	-------------	-------------
	1,916,662	1,797,600
	-------------	-------------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Related party transactions

The company is in receipt of a loan from L.C. Newton , a director, of £1,606,526 (2024 - £1,572,151). This loan is interest free and repayable on demand. The company is in receipt of a loan from L.C. Newton Limited, a company under common control, of £250,000 (2024 - £157,579). This loan is interest free and repayable on demand.

11. Going concern

Although the financial statements disclose that the company made a loss of £136,849 for the year ended 31st March 2025, and at that date its liabilities exceeded its assets by £1,510,806, the financial statements have, nevertheless, been prepared on a going concern basis which assumes that the company will continue to receive the financial support of the sole shareholder and director and will be able to earn sufficient profits in the future in order to be able to meet its liabilities as they fall due. If such support were not to be available, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for any further liabilities which might arise.