Philbec Nurseries Limited - Filleted accounts

Philbec Nurseries Limited
Registered number:		10428862
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		99,771			114,552
Tangible assets	4		52,719			33,583
			152,490			148,135

Current assets
Debtors	5	6,380			5,629
Cash at bank and in hand		130,025			73,298
		136,405			78,927

Creditors: amounts falling due within one year	6	(82,108)			(40,203)

Net current assets			54,297			38,724

Total assets less current liabilities			206,787			186,859

Provisions for liabilities			(10,016)			(6,381)

Net assets			196,771			180,478

Capital and reserves
Called up share capital			2			2
Profit and loss account			196,769			180,476

Shareholders' funds			196,771			180,478

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Munns
Director
Approved by the board on 9 July 2026

Philbec Nurseries Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the services have been provided.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	over 3 years
	Furniture, fittings and equipment	over 10 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			31		30


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					151,895
	At 31 October 2025					151,895

	Amortisation
	At 1 November 2024					37,343
	Provided during the year					14,781
	At 31 October 2025					52,124

	Net book value
	At 31 October 2025					99,771
	At 31 October 2024					114,552

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Office equipment		Furniture, fixtures & fittings		Total
£			£		£
	Cost
	At 1 November 2024	33,246		42,681		75,927
	Additions	3,660		24,913		28,573
	At 31 October 2025	36,906		67,594		104,500

	Depreciation
	At 1 November 2024	27,262		15,082		42,344
	Charge for the year	4,270		5,167		9,437
	At 31 October 2025	31,532		20,249		51,781

	Net book value
	At 31 October 2025	5,374		47,345		52,719
	At 31 October 2024	5,984		27,599		33,583


5	Debtors			2025		2024
£					£

	Other debtors			6,380		5,629
				6,380		5,629


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			183		617
	Taxation and social security costs			41,281		18,934
	Other creditors			40,644		20,652
				82,108		40,203


7	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			18,000		42,000


8	Controlling party

	Philbec Nurseries Limited is controlled by P Munns and R Siegel by virtue of their majority shareholding in the company.


9	Other information

	Philbec Nurseries Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Park Place
	Newdigate Road
	Harefield
	Middlesex
	UB9 6EJ