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Registered number: 04317242
Nursery Works Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Hennessey & Co
Accountants & Consultants
309 High Road
Benfleet
Essex
SS7 5HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04317242
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,210,250 1,223,025
1,210,250 1,223,025
CURRENT ASSETS
Debtors 5 280,769 279,222
Cash at bank and in hand 104,079 33,603
384,848 312,825
Creditors: Amounts Falling Due Within One Year 6 (166,440 ) (397,728 )
NET CURRENT ASSETS (LIABILITIES) 218,408 (84,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,428,658 1,138,122
Creditors: Amounts Falling Due After More Than One Year 7 (270,000 ) (1,614 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,717 ) (66,760 )
NET ASSETS 1,105,941 1,069,748
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium account 24,000 24,000
Revaluation reserve 9 313,825 292,098
Profit and Loss Account 767,116 752,650
SHAREHOLDERS' FUNDS 1,105,941 1,069,748
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Eastwood
Director
11/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nursery Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04317242 . The registered office is Nursery Works, 100 Little London Road, Sheffield, South Yorkshire, S8 0UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 1% on Straight Line Basis.
Plant & Machinery 10 % on Straight Line Basis
Motor Vehicles 10 % on Straight Line Bais
Fixtures & Fittings 10 % on Straight Line Basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 3 2
3 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2025 1,086,339 144,373 48,024 97,689 1,376,425
Additions - - - 5,175 5,175
Revaluation 21,728 - - - 21,728
As at 31 March 2026 1,108,067 144,373 48,024 102,864 1,403,328
Depreciation
As at 1 April 2025 97,851 32,389 10,005 13,155 153,400
Provided during the period 10,863 14,437 5,002 9,376 39,678
As at 31 March 2026 108,714 46,826 15,007 22,531 193,078
Net Book Value
As at 31 March 2026 999,353 97,547 33,017 80,333 1,210,250
As at 1 April 2025 988,488 111,984 38,019 84,534 1,223,025
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 78,162 76,571
Prepayments and accrued income 7,726 7,256
Amounts owed by group undertakings 194,881 195,395
280,769 279,222
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 45,087 3,063
Bank loans and overdrafts 11,027 53,523
Other taxes and social security 6,500 14,638
VAT 2,690 3,712
Net wages 30,819 86,017
Accruals and deferred income 68,718 70,922
Director's loan account 1,599 165,853
166,440 397,728
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 270,000 1,614
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Share Premium Revaluation reserve Profit and Loss Account
£ £ £
As at 1 April 2025 24,000 292,098 752,650
Profit for year - - 14,966
Surplus on revaluation - 21,727 -
Other comprehensive income for the year - 21,727 -
Total comprehensive income for the year - 21,727 14,966
Dividends paid - - (500)
As at 31 March 2026 24,000 313,825 767,116
10. Related Party Transactions
Included within Debtors is an amount of £195,395 due from Smithy Wood Bottom Limited.
Page 5