Hawkesmill Nurseries Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01303304

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

HAWKESMILL NURSERIES CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Evans

Mrs V F Evans

R J Evans

J R Evans

REGISTERED OFFICE:

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

01303304

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

BANKERS:

HSBC

46 The Square

Kenilworth

West Midlands

CV8 1EA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,577,957

1,917,845

1,577,957

1,917,845

CURRENT ASSETS

Stocks

6

502,781

775,848

Debtors

7

146,936

260,785

Cash at bank

1,361,165

618,932

2,010,882

1,655,565

CREDITORS

Amounts falling due within one year

8

267,592

229,208

NET CURRENT ASSETS

1,743,290

1,426,357

TOTAL ASSETS LESS CURRENT LIABILITIES

3,321,247

3,344,202

CREDITORS

Amounts falling due after more than one year

9

-

(109,533

)

PROVISIONS FOR LIABILITIES

11

(109,268

)

(130,872

)

NET ASSETS

3,211,979

3,103,797

CAPITAL AND RESERVES

Called up share capital

12

2,900

2,900

Retained earnings

13

3,209,079

3,100,897

SHAREHOLDERS' FUNDS

3,211,979

3,103,797

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 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 24 September 2021 and were signed on its behalf by:

R J Evans - Director

1.	STATUTORY INFORMATION

Hawkesmill Nurseries Co. Limited is a private company, limited by shares , registered in Not specified/Other. 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 2001, is being amortised evenly over its estimated useful life of five 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.

Land and buildings

-

2% and 10 % on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% 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.

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 51 (2019 - 60 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

and 31 December 2020

134,000

AMORTISATION

At 1 January 2020

and 31 December 2020

134,000

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1 January 2020

932,460

2,117,803

9,886

Additions

-

11,961

-

Disposals

(198,174

)

(55,135

)

-

At 31 December 2020

734,286

2,074,629

9,886

DEPRECIATION

At 1 January 2020

483,934

723,561

8,865

Charge for year

11,553

277,746

204

Eliminated on disposal

(160,886

)

(49,052

)

-

At 31 December 2020

334,601

952,255

9,069

NET BOOK VALUE

At 31 December 2020

399,685

1,122,374

817

At 31 December 2019

448,526

1,394,242

1,021

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2020

207,098

65,090

3,332,337

Additions

-

1,647

13,608

Disposals

-

-

(253,309

)

At 31 December 2020

207,098

66,737

3,092,636

DEPRECIATION

At 1 January 2020

140,650

57,482

1,414,492

Charge for year

16,612

4,010

310,125

Eliminated on disposal

-

-

(209,938

)

At 31 December 2020

157,262

61,492

1,514,679

NET BOOK VALUE

At 31 December 2020

49,836

5,245

1,577,957

At 31 December 2019

66,448

7,608

1,917,845

6.

STOCKS

2020

2019

£

£

Stocks

502,781

775,848

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

122,071

238,960

Prepayments and other debtors

24,865

21,825

146,936

260,785

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts (see note 10)

-

81,018

Trade creditors

65,978

34,067

Corporation tax

129,776

-

Social security and other taxes

2,871

12,085

VAT

40,604

17,135

Other creditors

3,275

4,235

Directors' loan accounts

-

57,500

Accrued expenses

25,088

23,168

267,592

229,208

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans (see note 10)

-

109,533

10.

LOANS

An analysis of the maturity of loans is given below:

2020

2019

£

£

Amounts falling due within one year or on demand:

Bank loans

-

81,018

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

83,067

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

26,466

11.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

109,268

130,872

Deferred

tax

£

Balance at 1 January 2020

130,872

Deferred tax

(21,604

)

Balance at 31 December 2020

109,268

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1,800

Ordinary

£ 1

1,800

1,800

1,000

Ordinary 'A'

£ 1

1,000

1,000

100

Ordinary 'B'

£1

100

100

2,900

2,900

13.

RESERVES

Retained

earnings

£

At 1 January 2020

3,100,897

Profit for the year

412,182

Dividends

(304,000

)

At 31 December 2020

3,209,079

14.	RELATED PARTY DISCLOSURES

During the year, market rent of £10,000 for the Temple field premises has been paid to Mr T.J Evans and Mrs V.F Evans who are directors of the company.

15.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who are all shareholders of the company.