Westview Nurseries Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04661930 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2018 TO 4 NOVEMBER 2019

FOR

WESTVIEW NURSERIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C I Pugh

C L Pugh

REGISTERED OFFICE:

Grovedell House

15 Knightswick Road

Canvey Island

Essex

SS8 9PA

REGISTERED NUMBER:

04661930 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Intangible assets

4

5,000

7,500

Tangible assets

5

3,425

4,505

8,425

12,005

CURRENT ASSETS

Stocks

6

75,000

63,150

Debtors

7

1,229

1,706

Cash at bank

12,280

122,300

88,509

187,156

CREDITORS

Amounts falling due within one year

8

36,814

177,375

NET CURRENT ASSETS

51,695

9,781

TOTAL ASSETS LESS CURRENT LIABILITIES

60,120

21,786

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

60,118

21,784

SHAREHOLDERS' FUNDS

60,120

21,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 4 November 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 4 November 2019 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 4 March 2020 and were signed on its behalf by:

C I Pugh - Director

1.	STATUTORY INFORMATION

Westview Nurseries 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

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

An impairment review of Goodwill has been carried out in the year and the director considers that the value of

Goodwill held should be written off over a period of 10 years, at a rate of £2,500 per annum.

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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 4 November 2019

25,000

AMORTISATION

At 1 September 2018

17,500

Amortisation for period

2,500

At 4 November 2019

20,000

NET BOOK VALUE

At 4 November 2019

5,000

At 31 August 2018

7,500

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2018

and 4 November 2019

3,439

33,019

1,100

37,558

DEPRECIATION

At 1 September 2018

2,407

30,371

275

33,053

Charge for period

344

530

206

1,080

At 4 November 2019

2,751

30,901

481

34,133

NET BOOK VALUE

At 4 November 2019

688

2,118

619

3,425

At 31 August 2018

1,032

2,648

825

4,505

6.

STOCKS

4.11.19

31.8.18

£

£

Stocks

75,000

63,150

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4.11.19

31.8.18

£

£

Prepayments and accrued income

1,229

1,706

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4.11.19

31.8.18

£

£

Tax

12,787

580

VAT

2,821

7,673

Directors' current accounts

18,806

168,121

Accrued expenses

2,400

1,001

36,814

177,375

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

4.11.19

31.8.18

value:

£

£

2

Ordinary

1

2

2

10.

RESERVES

Retained

earnings

£

At 1 September 2018

21,784

Profit for the period

50,934

Dividends

(12,600

)

At 4 November 2019

60,118

11.	RELATED PARTY DISCLOSURES

During the period, total dividends of £12,600 were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is C I Pugh.

The ultimate controlling party is Fastglobe (Mastics) Ltd.