REGISTERED NUMBER: 12007645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

HIGHFIELDS NURSERY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Krayesteyn

Mrs M S Krayesteyn

REGISTERED OFFICE:

3 Manor Road

Colchester

Essex

CO3 3LU

REGISTERED NUMBER:

12007645 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Intangible assets

4

24,000

30,000

Tangible assets

5

54,193

59,982

78,193

89,982

CURRENT ASSETS

Stocks

6

159,551

164,283

Debtors

7

76,245

108,402

Cash at bank

181,539

216,160

417,335

488,845

CREDITORS

Amounts falling due within one year

8

154,032

202,560

NET CURRENT ASSETS

263,303

286,285

TOTAL ASSETS LESS CURRENT LIABILITIES

341,496

376,267

CREDITORS

Amounts falling due after more than one year

9

-

(29,259

)

PROVISIONS FOR LIABILITIES

(9,305

)

(10,305

)

NET ASSETS

332,191

336,703

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

331,991

336,503

332,191

336,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 12 January 2026 and were signed on its behalf by:

J Krayesteyn - Director

1.	STATUTORY INFORMATION

Highfields 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 2019, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Portacabins

-

5% on reducing balance

Plant and machinery

-

15% on reducing balance

Poly Tunnels

-

10% on reducing balance

Mercedes KV63 TZF

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress has been valued at selling price based upon the work carried out at the balance sheet date, and is included in trade debtors.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

60,000

AMORTISATION

At 1 June 2024

30,000

Amortisation for year

6,000

At 31 May 2025

36,000

NET BOOK VALUE

At 31 May 2025

24,000

At 31 May 2024

30,000

The goodwill was acquired on purchase of the business of J & Mrs M Krayesteyn on 1st June 2019

5.	TANGIBLE FIXED ASSETS

Plant and

Poly

Portacabins

machinery

Tunnels

£

£

£

COST

At 1 June 2024

13,254

30,441

39,305

Additions

-

-

-

Disposals

-

-

-

At 31 May 2025

13,254

30,441

39,305

DEPRECIATION

At 1 June 2024

1,293

14,235

14,579

Charge for year

598

2,431

2,473

Eliminated on disposal

-

-

-

At 31 May 2025

1,891

16,666

17,052

NET BOOK VALUE

At 31 May 2025

11,363

13,775

22,253

At 31 May 2024

11,961

16,206

24,726

Mercedes

Office

KV63 TZF

equipment

Totals

£

£

£

COST

At 1 June 2024

4,500

11,002

98,502

Additions

-

1,006

1,006

Disposals

-

(183

)

(183

)

At 31 May 2025

4,500

11,825

99,325

DEPRECIATION

At 1 June 2024

3,433

4,980

38,520

Charge for year

267

1,026

6,795

Eliminated on disposal

-

(183

)

(183

)

At 31 May 2025

3,700

5,823

45,132

NET BOOK VALUE

At 31 May 2025

800

6,002

54,193

At 31 May 2024

1,067

6,022

59,982

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Poly

Tunnels

£

COST

At 1 June 2024

and 31 May 2025

39,305

DEPRECIATION

At 1 June 2024

14,579

Charge for year

2,473

At 31 May 2025

17,052

NET BOOK VALUE

At 31 May 2025

22,253

At 31 May 2024

24,726

6.

STOCKS

2025

2024

£

£

Stocks

159,551

164,283

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

75,544

106,888

Prepayments and accrued income

701

1,514

76,245

108,402

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Poly tunnel finance

3,085

6,083

Trade creditors

38,594

62,521

Corporation tax

24,845

48,158

Social security and other taxes

31,906

38,762

Directors loan account

48,520

35,000

Accrued expenses

7,082

12,036

154,032

202,560

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Poly tunnel finance 1-2 years

-

3,085

Directors loan account

-

26,174

-

29,259

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Hans and Miranda Krayesteyn, directors of the company, have entered into a guarantee to support the credit available to the limited company. The facility as at the balance sheet date is limited to £3,667.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £78,000 (2024 - £66,900) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is J Krayesteyn.