Olivers Plants (Farms) Limited,Ltd - AccountsLtd - Accounts

Olivers Plants (Farms) Limited,Ltd - AccountsLtd - Accounts


2022-02-01 07953429 2023-01-31 07953429 2022-02-01 2023-01-31 07953429 2022-01-31 07953429 2021-02-01 2022-01-31 07953429 uk-core:WithinOneYear 2022-01-31 07953429 uk-core:WithinOneYear 2023-01-31 07953429 uk-core:AfterOneYear 2022-01-31 07953429 uk-core:AfterOneYear 2023-01-31 07953429 uk-core:ShareCapital 2023-01-31 07953429 uk-core:ShareCapital 2022-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 07953429 uk-bus:Director1 2022-02-01 2023-01-31 07953429 uk-core:Buildings 2022-02-01 2023-01-31 07953429 uk-core:PlantMachinery 2022-02-01 2023-01-31 07953429 uk-core:PlantMachinery 2022-01-31 07953429 uk-core:Buildings 2022-01-31 07953429 uk-core:Buildings 2023-01-31 07953429 uk-core:PlantMachinery 2023-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2023-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2022-01-31 iso4217:GBP xbrli:pure 07953429 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07953429 uk-bus:FRS102 2022-02-01 2023-01-31 07953429 uk-bus:FullAccounts 2022-02-01 2023-01-31 07953429 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Olivers Plants (Farms) Limited
Registered Number:07953429
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Olivers Plants (Farms) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07953429
As at 31 January 2023
Olivers Plants (Farms) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
350,079
417,224
2
350,079
417,224
Current assets
Inventories
20,000
30,000
3
Trade and other receivables
33,832
30,260
4
306
Cash and cash equivalents
11,101
71,361
54,138
Trade and other payables: amounts falling due within one year
(7,633)
(10,014)
5
46,505
61,347
Net current assets
Total assets less current liabilities
411,426
463,729
Trade and other payables: amounts falling due after more than
one year
(548,179)
(556,147)
6
(144,721)
Net liabilities
(84,450)
Capital and reserves
Called up share capital
2
2
Retained earnings
(144,723)
(84,452)
(144,721)
(84,450)
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Oliver Harold Wass Director
These financial statements were approved and authorised for issue by the Board on 10 August 2023 and were signed by:
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4
Registered Number :
07953429
For the year ended 31 January 2023
Olivers Plants (Farms) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2023
Olivers Plants (Farms) Limited
Notes to the Financial Statements
Statutory Information
Olivers Plants (Farms) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07953429.
Registered address:
Broomfield Farm Nurseries
Coggeshall Road
Earls Colne
Essex
CO6 2JX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
20% Reducing balance
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or valuation
At 01 February 2022
666,219
251,536
414,683
42,990
4,900
38,090
Additions
At 31 January 2023
452,773
256,436
709,209
Provision for depreciation and impairment
At 01 February 2022
248,995
87,420
161,575
Charge for year
110,135
33,804
76,331
At 31 January 2023
359,130
121,224
237,906
At 31 January 2023
Net book value
214,867
135,212
350,079
At 31 January 2022
253,108
164,116
417,224
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6
For the year ended 31 January 2023
Olivers Plants (Farms) Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
30,000
20,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,260
2,940
Other debtors
29,000
30,892
33,832
30,260
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
2,700
Trade creditors
-
3,283
Taxation and social security
8,364
-
Other creditors
1,650
1,650
10,014
7,633
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
9,813
9,675
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
433,275
438,427
Other creditors
113,059
100,077
556,147
548,179
7. Average number of persons employed
During the year the average number of employees was 0
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