Newgate Nurseries Ltd - Filleted accounts

Registered number

07156213

Newgate Nurseries Ltd

Unaudited Filleted Accounts

28 February 2026

Newgate Nurseries Ltd
Registered number:		07156213
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		40,892			28,765

Current assets
Stocks		112,000			122,000
Debtors	4	172,656			174,352
Cash at bank and in hand		57,593			46,415
		342,249			342,767

Creditors: amounts falling due within one year	5	(225,903)			(321,638)

Net current assets			116,346			21,129

Total assets less current liabilities			157,238			49,894

Creditors: amounts falling due after more than one year	6		(81,693)			-



Net assets			75,545			49,894

Capital and reserves
Called up share capital			100			100
Profit and loss account			75,445			49,794

Shareholders' funds			75,545			49,894

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.




Harriet Cookson
Director
Approved by the board on 2 November 2026

Newgate Nurseries Ltd
Notes to the Accounts
for the year ended 28 February 2026


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 includes revenue earned from the sale of goods and from the rendering of services. 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.

	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:

	Plant and machinery and vehicles			25% on written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					9		9


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 March 2025			115,974		40,955		156,929
	Additions			1,222		24,535		25,757
	At 28 February 2026			117,196		65,490		182,686

	Depreciation
	At 1 March 2025			92,112		36,052		128,164
	Charge for the year			6,271		7,359		13,630
	At 28 February 2026			98,383		43,411		141,794

	Net book value
	At 28 February 2026			18,813		22,079		40,892
	At 28 February 2025			23,862		4,903		28,765


4	Debtors					2026		2025
£							£

	Other debtors					172,656		174,352

	Amounts due after more than one year included above					42,262		42,262


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					88,062		111,789
	Obligations under finance lease and hire purchase contracts					4,095		-
	Trade creditors					69,906		117,621
	Taxation and social security costs					60,677		89,353
	Other creditors					3,163		2,875
						225,903		321,638


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					63,098		-
	Obligations under finance lease and hire purchase contracts					18,595		-
						81,693		-


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					28,270		-


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Michael Cookson
	Director loan	62,611		26,938		27,482		62,067

	Harriet Cookson
	Director loan	62,610		26,938		27,482		62,066

		125,221		53,876		54,964		124,133


9	Controlling party

	Mr Michael Cookson, a director, together with close members of his family, controlled the company by virtue of a 100% interest in the company's issued ordinary share capital.


10	Other information

	Newgate Nurseries Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	17 Priory Lane
	Penwortham
	Preston
	PR1 0AR