Provender Nurseries Limited - Accounts to registrar (filleted) - small 18.1
Provender Nurseries Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| FOR |
| PROVENDER NURSERIES LIMITED |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PROVENDER NURSERIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 White Oak Square |
| London Road |
| Swanley |
| Kent |
| BR8 7AG |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| BALANCE SHEET |
| 31 AUGUST 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| BALANCE SHEET - continued |
| 31 AUGUST 2017 |
| 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 on behalf by: |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 1. | STATUTORY INFORMATION |
| Provender Nurseries Limited is a |
| Wales. 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 for the year ended 31 August 2017 are the first financial statements that |
| comply with FRS 102 Section 1A small entities. The date of transition is 1 September 2016. |
| The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in |
| accounting policies to those used previously. |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Website & Design Costs | - |
| Motor vehicles | - |
| Office Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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. |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 profit or loss 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 profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Website & |
| to | Plant and | Design |
| property | machinery | Costs |
| £ | £ | £ |
| COST |
| At 1 September 2016 |
| Additions |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| Eliminated on disposal |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Office |
| vehicles | Equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors | ( |
) |
| Directors' loan accounts | 8,700 | 9,900 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Social security and other taxes |
| VAT | 185,531 | 167,172 |
| Other creditors | ( |
) |
| Credit Card | 3,887 | 2,551 |
| Directors' loan accounts | 90,000 | 104,000 |
| Accruals and deferred income |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Included within other creditors are the following amounts relating to a directors' loan account from R |
| East: |
| Due in less than one year £90,000 |
| Due in more than one year £647,543 |
| This loan has no stipulation as to repayment or interest and R East has indicated his continued |
| ongoing support for the company. |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2017 | 2016 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| 9. | SECURED DEBTS |
| Barclays Bank Plc holds fixed and floating charges over all of the assets of the company. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| A Ordinary | £1 | 5,555 | 5,555 |
| B Ordinary | £1 | 5,555 | 5,555 |
| 11,110 | 11,110 |
| PROVENDER NURSERIES LIMITED (REGISTERED NUMBER: 04827218) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2016 |
| Profit for the year |
| At 31 August 2017 |
| 12. | TRANSACTIONS WITH DIRECTORS |
| At the balance sheet date the company owed R East £737,543 (2016: £721,739) and R Burt owed the |
| company £8,700 (2016: £9,900). |
| 13. | RELATED PARTY DISCLOSURES |
| During the year, Provender Nurseries Ltd made sales to Eastland totalling £5,896 (2016: £8,865). At |
| the balance sheet date £3586 (2016: £924) was owed from Eastland. |
| During the year, Provender Nurseries Ltd paid rent and sundry purchases to Eastland totalling |
| £120,734 (2016: £116,330). At the balance sheet date £16,356 (2016: £29,485) was owed to Eastland. |
| Richard East, a director and shareholder of Provender Nurseries Ltd trades as Eastland. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The Ultimate Controlling Party is Richard East by virtue of his shareholding. |