YSTRAD NURSERY AND AGRICULTURAL SUPPLIES LTD


Directors	MORGAN, John Ifor
	MORGAN, Laura Kathleen


Registered Address	The Old Convent
	Llanbadarn Road
	Aberystwyth
	SY23 1EY


Registered Number	10364548 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		617,848		661,348
			617,848		661,348
Current assets
Stocks	4	326,000		436,451
Debtors		260,917		136,361
Cash at bank and on hand		133,102		193,551
		720,019		766,363
Creditors amounts falling due within one year	5	(356,042)		(335,475)
Net current assets (liabilities)			363,977		430,888
Total assets less current liabilities			981,825		1,092,236
Creditors amounts falling due after one year	6		(69,085)		(176,291)
Net assets			912,740		915,945
Capital and reserves
Called up share capital			20		20
Profit and loss account			912,720		915,925
Shareholders' funds			912,740		915,945

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2026, and are signed on its behalf by:

MORGAN, John Ifor
Director

MORGAN, Laura Kathleen
Director

Registered Company No. 10364548

YSTRAD NURSERY AND AGRICULTURAL SUPPLIES LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	24		25

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	358,562	176,169	208,768	32,483	33,347	809,329
Additions	12,621	4,140	8,995	5,466	-	31,222
Transfers	-	-	-	-	(6,300)	(6,300)
At 31 December 24	371,183	180,309	217,763	37,949	27,047	834,251
Depreciation and impairment
At 01 January 24	-	51,157	56,163	25,825	14,836	147,981
Charge for year	-	27,174	37,090	3,775	1,433	69,472
Other adjustments	-	-	-	-	(1,050)	(1,050)
At 31 December 24	-	78,331	93,253	29,600	15,219	216,403
Net book value
At 31 December 24	371,183	101,978	124,510	8,349	11,828	617,848
At 31 December 23	358,562	125,012	152,605	6,658	18,511	661,348

4.	Stocks

	2024	2023
	£	£
Finished goods	326,000	436,451
Total	326,000	436,451

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	214,895	147,301
Bank borrowings and overdrafts	-	38,400
Taxation and social security	117,662	119,616
Finance lease and HP contracts	13,924	20,629
Other creditors	2,008	1,411
Accrued liabilities and deferred income	7,553	8,118
Total	356,042	335,475


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	86,068
Other creditors	69,085	90,223
Total	69,085	176,291

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	83,009		110,852

8.	Related party transactions
	The director in the company, John Morgan, is also a director of Maesydderwen Developments Ltd. Ystrad Nursery & Agricultural Supplies rents out the nursery in Llandovery and 10-12 Market Square, Llandovery from Maesydderwen Developments Ltd. All transactions were under normal trading terms and conditions and were charged at full market value. The Directors owed the Company £133,444 at 31/12/2024 (2023 - £65,482 owed to the Company).

Related party transactions

The director in the company, John Morgan, is also a director of Maesydderwen Developments Ltd. Ystrad Nursery & Agricultural Supplies rents out the nursery in Llandovery and 10-12 Market Square, Llandovery from Maesydderwen Developments Ltd.

All transactions were under normal trading terms and conditions and were charged at full market value.

The Directors owed the Company £133,444 at 31/12/2024 (2023 - £65,482 owed to the Company).