Registered number
10514545
Westons Garden & Property Services Limited
Filleted Accounts
31 December 2021
Registered number: 10514545
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 91,317 58,164
Current assets
Debtors 4 32,697 21,928
Cash at bank and in hand 8,805 34,883
41,502 56,811
Creditors: amounts falling due within one year 5 (100,421) (80,606)
Net current liabilities (58,919) (23,795)
Total assets less current liabilities 32,398 34,369
Creditors: amounts falling due after more than one year 6 (39,215) (50,000)
Net liabilities (6,817) (15,631)
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,818) (15,632)
Shareholders' funds (6,817) (15,631)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T W Lea
Director
Approved by the board on 2 September 2022
Westons Garden & Property Services Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going Concern
Included in creditors is a loan from the directors of £66,506 (2020: £74,076). The directors undertake not to draw down on this loan to the detriment of the company and, as such, consider it appropriate to prepare the accounts on the going concern basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2021 26,689 73,033 99,722
Additions 9,738 82,798 92,536
Disposals - (37,833) (37,833)
At 31 December 2021 36,427 117,998 154,425
Depreciation
At 1 January 2021 10,013 31,545 41,558
Charge for the year 5,283 23,397 28,680
On disposals - (7,130) (7,130)
At 31 December 2021 15,296 47,812 63,108
Net book value
At 31 December 2021 21,131 70,186 91,317
At 31 December 2020 16,676 41,488 58,164
4 Debtors 2021 2020
£ £
Trade debtors 31,814 14,266
Other debtors 883 7,662
32,697 21,928
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 17,789 2,791
Taxation and social security costs 1,413 205
Other creditors 71,219 77,610
100,421 80,606
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 39,215 50,000
7 Other information
Westons Garden & Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18, Orchard Business Park
North End Road
Yapton, Arundel
West Sussex
BN18 0GA
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