Provender Nurseries Limited - Limited company - abbreviated

REGISTERED NUMBER: 04827218 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PROVENDER NURSERIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R B East

R E Edge-McKenna

R J Burt

SECRETARY:

Mrs L P East

REGISTERED OFFICE:

The Landscape Centre

Leydenhatch Lane

Swanley

Kent

BR8 7PS

REGISTERED NUMBER:

04827218 (England and Wales)

ACCOUNTANTS:

Gary Sargeant + Company

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

2

403,336

448,935

CURRENT ASSETS

Stocks

932,577

930,964

Debtors

62,584

228,689

Cash at bank and in hand

701

36,748

995,862

1,196,401

CREDITORS

Amounts falling due within one year

660,286

739,388

NET CURRENT ASSETS

335,576

457,013

TOTAL ASSETS LESS CURRENT
LIABILITIES

738,912

905,948

CREDITORS

Amounts falling due after more than one
year

774,350

956,690

NET LIABILITIES

(35,438

)

(50,742

)

CAPITAL AND RESERVES

Called up share capital

3

11,110

Profit and loss account

(46,548

)

(61,852

)

SHAREHOLDERS' FUNDS

(35,438

)

(50,742

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 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 5 November 2014 and were signed on
its behalf by:

R E Edge-McKenna - Director

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 April 2008).

Turnover

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

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% per annum on cost

Plant and machinery

-

10% per annum on cost

Website & Design Costs

-

10% per annum on cost

Motor vehicles

-

10% per annum on cost

Office Equipment

-

20% per annum 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.

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.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

634,332

Additions

12,190

At 31 August 2014

646,522

DEPRECIATION

At 1 September 2013

185,397

Charge for year

57,789

At 31 August 2014

243,186

NET BOOK VALUE

At 31 August 2014

403,336

At 31 August 2013

448,935

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

5,555

A Ordinary

£1

5,555

B Ordinary

£1

5,555

11,110

4.	TRANSACTIONS WITH DIRECTORS

At the balance sheet date the company owed R East £782,098 (2013: £905,160l)

During the year R East transferred 278 A and B shares to R E Edge-McKenna at par.

5.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Richard East by virtue of his shareholdings.

6.	GOING CONCERN

The directors' are pleased to report a small profit this year and feel that the change of ownership and

rebranding that they went through in the previous period has really set the company up moving

forward to continue to grow and increase profitability.

The major creditor of the company is Richard East and he has agreed to provide continuing support to

the company. It is on this basis that the accounts have been prepared as a going concern.

7.	DIRECTORS' LOAN ACCOUNT

Included within other creditors are the following amounts relating to a directors' loan account from R

East:

Due in less than one year £56,248

Due in more than one year £725,850

This loan has no stipulation as to repayment or interest and R East has indicated his continued

ongoing support for the company.

Provender Nurseries Limited - Limited company - abbreviated - 11.0.0

Provender Nurseries Limited - Limited company - abbreviated - 11.0.0