REGISTERED NUMBER: 12007645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

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

18,000

24,000

Tangible assets

5

53,614

54,193

71,614

78,193

CURRENT ASSETS

Stocks

6

144,982

159,551

Debtors

7

108,540

76,245

Cash at bank

172,952

181,539

426,474

417,335

CREDITORS

Amounts falling due within one year

8

157,547

154,032

NET CURRENT ASSETS

268,927

263,303

TOTAL ASSETS LESS CURRENT LIABILITIES

340,541

341,496

PROVISIONS FOR LIABILITIES

9,550

9,305

NET ASSETS

330,991

332,191

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

330,791

331,991

330,991

332,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 9 October 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 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

60,000

AMORTISATION

At 1 June 2025

36,000

Amortisation for year

6,000

At 31 May 2026

42,000

NET BOOK VALUE

At 31 May 2026

18,000

At 31 May 2025

24,000

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 2025

13,254

30,441

39,305

Additions

-

6,330

-

At 31 May 2026

13,254

36,771

39,305

DEPRECIATION

At 1 June 2025

1,891

16,666

17,052

Charge for year

568

3,016

2,225

At 31 May 2026

2,459

19,682

19,277

NET BOOK VALUE

At 31 May 2026

10,795

17,089

20,028

At 31 May 2025

11,363

13,775

22,253

Mercedes

Office

KV63 TZF

equipment

Totals

£

£

£

COST

At 1 June 2025

4,500

11,825

99,325

Additions

-

-

6,330

At 31 May 2026

4,500

11,825

105,655

DEPRECIATION

At 1 June 2025

3,700

5,823

45,132

Charge for year

200

900

6,909

At 31 May 2026

3,900

6,723

52,041

NET BOOK VALUE

At 31 May 2026

600

5,102

53,614

At 31 May 2025

800

6,002

54,193

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 2025

39,305

Transfer to ownership

(39,305

)

At 31 May 2026

-

DEPRECIATION

At 1 June 2025

17,052

Transfer to ownership

(17,052

)

At 31 May 2026

-

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

22,253

6.

STOCKS

2026

2025

£

£

Stocks

144,982

159,551

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

107,872

75,544

Prepayments and accrued income

668

701

108,540

76,245

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Poly tunnel finance

-

3,085

Trade creditors

45,189

38,594

Corporation tax

24,700

24,845

Social security and other taxes

35,812

31,906

Directors loan account

42,306

48,520

Accrued expenses

9,540

7,082

157,547

154,032

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,400 (2025 - £62,400) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Krayesteyn.