false
false
false
false
false
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false
false
false
true
false
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false
false
false
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No description of principal activity
2017-09-28
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
10985725
2017-09-28
2018-10-31
10985725
2018-10-31
10985725
bus:OrdinaryShareClass1
2017-09-28
2018-10-31
10985725
bus:LeadAgentIfApplicable
2017-09-28
2018-10-31
10985725
bus:Director1
2017-09-28
2018-10-31
10985725
core:WithinOneYear
2018-10-31
10985725
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-10-31
10985725
core:FurnitureFittings
2018-10-31
10985725
core:LandBuildings
core:OwnedOrFreeholdAssets
2017-09-28
2018-10-31
10985725
core:FurnitureFittings
2017-09-28
2018-10-31
10985725
core:AfterOneYear
2018-10-31
10985725
core:ShareCapital
2018-10-31
10985725
core:RetainedEarningsAccumulatedLosses
2018-10-31
10985725
bus:Director1
2018-10-31
10985725
bus:SmallEntities
2017-09-28
2018-10-31
10985725
bus:AuditExemptWithAccountantsReport
2017-09-28
2018-10-31
10985725
bus:FullAccounts
2017-09-28
2018-10-31
10985725
bus:SmallCompaniesRegimeForAccounts
2017-09-28
2018-10-31
10985725
bus:PrivateLimitedCompanyLtd
2017-09-28
2018-10-31
10985725
bus:OrdinaryShareClass1
2018-10-31
COMPANY REGISTRATION NUMBER:
10985725
Filleted Unaudited Financial Statements
|
|
for the period from 28 September 2017 to
|
|
for the period from 28th September 2017 to 31st October 2018
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2 to 3
|
|
|
Notes to the financial statements
|
4 to 7
|
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
A & H Nurseries Limited
|
|
for the period from 28th September 2017 to 31st October 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & H Nurseries Limited for the period ended 31st October 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of A & H Nurseries Limited, as a body, in accordance with the terms of our engagement letter dated 28th September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of A & H Nurseries Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & H Nurseries Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that A & H Nurseries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & H Nurseries Limited. You consider that A & H Nurseries Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of A & H Nurseries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MOORE THOMPSON
Chartered Accountants
Bank House
Broad Street
Spalding
PE11 1TB
Dated:
19 December 2018
Statement of Financial Position
|
|
as at
31 October 2018
Fixed assets
Tangible assets
|
6
|
|
1,431,391
|
|
|
|
|
Current assets
Debtors
|
7
|
116,958
|
|
Cash at bank and in hand
|
810,208
|
|
|
-----------
|
|
|
927,166
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
868,282
|
|
|
-----------
|
|
Net current assets
|
|
58,884
|
|
|
------------
|
Total assets less current liabilities
|
|
1,490,275
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
|
1,361,675
|
|
|
|
|
Provisions
|
|
24,518
|
|
|
------------
|
Net assets
|
|
104,082
|
|
|
------------
|
|
|
|
Capital and reserves
Called up share capital
|
11
|
|
1
|
Profit and loss account
|
|
104,081
|
|
|
-----------
|
Shareholders funds
|
|
104,082
|
|
|
-----------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31st October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
as at
31 October 2018
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2018
, and are signed on behalf of the board by:
Company registration number:
10985725
Notes to the Financial Statements
|
|
for the period from 28th September 2017 to 31st October 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Poplar Farm, Old Fendyke Road, Sutton St James, Spalding, Lincs, PE12 0HE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property
|
-
|
Not depreciated / 2% straight line
|
|
Glasshouses and fittings
|
-
|
4% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Tax on profit
Major components of tax expense
|
Period from
|
|
28 Sep 17 to
|
|
31 Oct 18
|
|
£
|
|
|
Deferred tax:
Origination and reversal of timing differences
|
24,518
|
|
-----------
|
Tax on profit
|
24,518
|
|
-----------
|
|
|
6.
Tangible assets
|
Freehold property
|
Glasshouses and fittings
|
Total
|
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
At 28th September 2017
|
–
|
–
|
–
|
Additions
|
316,208
|
1,162,570
|
1,478,778
|
|
-----------
|
------------
|
------------
|
At 31st October 2018
|
316,208
|
1,162,570
|
1,478,778
|
|
-----------
|
------------
|
------------
|
Depreciation
|
|
|
|
At 28th September 2017
|
–
|
–
|
–
|
Charge for the period
|
884
|
46,503
|
47,387
|
|
-----------
|
------------
|
------------
|
At 31st October 2018
|
884
|
46,503
|
47,387
|
|
-----------
|
------------
|
------------
|
Carrying amount
|
|
|
|
At 31st October 2018
|
315,324
|
1,116,067
|
1,431,391
|
|
-----------
|
------------
|
------------
|
|
|
|
|
7.
Debtors
Directors loan accounts
|
535
|
Other debtors
|
116,423
|
|
-----------
|
|
116,958
|
|
-----------
|
|
|
8.
Creditors:
amounts falling due within one year
Bank loans and overdrafts
|
69,749
|
Trade creditors
|
19,208
|
Accruals and deferred income
|
3,025
|
Social security and other taxes
|
1,537
|
Amounts owed to related parties
|
774,552
|
Other creditors
|
211
|
|
-----------
|
|
868,282
|
|
-----------
|
|
|
9.
Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
|
1,361,675
|
|
------------
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
Included in provisions
|
24,518
|
|
-----------
|
|
|
11.
Called up share capital
Issued, called up and fully paid
Ordinary shares of £ 1 each
|
1
|
1
|
|
-----------
|
-----------
|
|
|
|
12.
Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
|
31 Oct 18
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
|
|
|
|
Director
|
–
|
535
|
535
|
|
-----------
|
-----------
|
-----------
|
|
|
|
|