Braywick Heath Nurseries Ltd - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Braywick Heath Nurseries Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Pemberton

SECRETARY:

H Pohl

REGISTERED OFFICE:

41 Braywick Road

Maidenhead

Berkshire

SL6 1DX

REGISTERED NUMBER:

03230087 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

4

28,892

35,001

CURRENT ASSETS

Stocks

14,526

16,056

Debtors

5

16,019

13,343

Cash at bank and in hand

140,056

97,186

170,601

126,585

CREDITORS

Amounts falling due within one year

6

93,210

91,523

NET CURRENT ASSETS

77,391

35,062

TOTAL ASSETS LESS CURRENT LIABILITIES

106,283

70,063

RESERVES

Income and expenditure account

7

106,283

70,063

106,283

70,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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 director and authorised for issue on 9 April 2021 and were signed by:

R A Pemberton - Director

1.	STATUTORY INFORMATION

Braywick Heath Nurseries Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building under construction

-

in accordance with the property

Garden equipment

-

33% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Office equipment

-

33% on cost

Stocks

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

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2020

219,988

77,947

297,935

Additions

-

3,360

3,360

Disposals

-

(1,214

)

(1,214

)

At 31 December 2020

219,988

80,093

300,081

DEPRECIATION

At 1 January 2020

190,384

72,550

262,934

Charge for year

6,233

2,960

9,193

Eliminated on disposal

-

(938

)

(938

)

At 31 December 2020

196,617

74,572

271,189

NET BOOK VALUE

At 31 December 2020

23,371

5,521

28,892

At 31 December 2019

29,604

5,397

35,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

12,892

10,559

Deferred tax asset

354

496

Prepayments

2,773

2,288

16,019

13,343

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

9,555

11,270

Tax

34

2

Social security and other taxes

2,783

1,624

VAT

5,579

5,030

Other creditors

305

317

Bounce Back Loan

45,998

-

Deferred Income

27,886

72,044

Accrued expenses

1,070

1,236

93,210

91,523

7.

RESERVES

Income

and

expenditure

account

£

At 1 January 2020

70,063

Surplus for the year

36,220

At 31 December 2020

106,283

8.	SHARE CAPITAL

The company is limited by guarantee. Each member's guarantee liability is limited to £1.