Homestead Nursery (Wirral) Limited - Abbreviated accounts 16.3

Homestead Nursery (Wirral) Limited - Abbreviated accounts 16.3

HOMESTEAD NURSERY (WIRRAL) LIMITED - Company Information

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REGISTERED NUMBER: 06574572 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

HOMESTEAD NURSERY (WIRRAL) LIMITED

HOMESTEAD NURSERY (WIRRAL) LIMITED (REGISTERED NUMBER: 06574572)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HOMESTEAD NURSERY (WIRRAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mrs C Devlin
Mrs G Dillon





SECRETARY: Mrs G Dillon





REGISTERED OFFICE: Drake House
Gadbrook Park
Northwich
Cheshire
CW9 7RA





REGISTERED NUMBER: 06574572 (England and Wales)
Page 1
HOMESTEAD NURSERY (WIRRAL) LIMITED (REGISTERED NUMBER: 06574572)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31/3/16 31/3/15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 240,000 260,000
Tangible assets 3 35,290 38,336
275,290 298,336

CURRENT ASSETS
Debtors 12,000 91,072
Cash at bank and in hand 59,162 47,214
71,162 138,286
CREDITORS
Amounts falling due within one year 207,271 429,845
NET CURRENT LIABILITIES (136,109 ) (291,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
139,181
6,777

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 139,081 6,677
SHAREHOLDERS' FUNDS 139,181 6,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
HOMESTEAD NURSERY (WIRRAL) LIMITED (REGISTERED NUMBER: 06574572)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 October 2016 and were signed on its
behalf by:




Mrs C Devlin - Director



Mrs G Dillon - Director


The notes form part of these abbreviated accounts

Page 3
HOMESTEAD NURSERY (WIRRAL) LIMITED (REGISTERED NUMBER: 06574572)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 400,000
AMORTISATION
At 1 April 2015 140,000
Amortisation for year 20,000
At 31 March 2016 160,000
NET BOOK VALUE

At 31 March 2016 240,000
At 31 March 2015 260,000

Page 4 continued...
HOMESTEAD NURSERY (WIRRAL) LIMITED (REGISTERED NUMBER: 06574572)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 57,213
Additions 4,701
At 31 March 2016 61,914
DEPRECIATION
At 1 April 2015 18,877
Charge for year 7,747
At 31 March 2016 26,624
NET BOOK VALUE
At 31 March 2016 35,290
At 31 March 2015 38,336

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/16 31/3/15
value: £    £   
100 Ordinary £1.00 100 100

Page 5