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Registration number: 12658978

Loving Landscapes Ltd

Annual Report and

Unaudited Financial Statements


for the Year Ended 30 June 2022

 

Loving Landscapes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Loving Landscapes Ltd

Company Information

Director

Mrs S A Holden

Registered office

Penawr
Pencelli
Brecon
Powys
LD3 7LZ

 

Bankers

Tide Bank
4th Floor
Prologue Works
25 Marsh Street
Bristol
BS1 4AX

 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Loving Landscapes Ltd

(Registration number: 12658978)

Balance Sheet
as at 30 June 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

-

675

Current assets

 

Debtors

5

433

2,926

Cash at bank and in hand

 

18,169

24,775

 

18,602

27,701

Creditors: Amounts falling due within one year

6

(3,686)

(5,943)

Net current assets

 

14,916

21,758

Total assets less current liabilities

 

14,916

22,433

Provisions for liabilities

-

(128)

Net assets

 

14,916

22,305

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

14,915

22,304

Total equity

 

14,916

22,305

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Loving Landscapes Ltd

(Registration number: 12658978)

Balance Sheet
as at 30 June 2022

Approved and authorised by the director on 26 August 2022
 

.........................................

Mrs S A Holden

Director

 

Loving Landscapes Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Penawr
Pencelli
Brecon
Powys
LD3 7LZ

These financial statements were authorised for issue by the director on 26 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the neared £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Loving Landscapes Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:-

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Loving Landscapes Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2022

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 0).

 

Loving Landscapes Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2022

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2021

868

868

Disposals

(868)

(868)

At 30 June 2022

-

-

Depreciation

At 1 July 2021

193

193

Eliminated on disposal

(193)

(193)

At 30 June 2022

-

-

Carrying amount

At 30 June 2022

-

-

At 30 June 2021

675

675

5

Debtors

2022
£

2021
£

Other debtors

433

2,926

433

2,926

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

840

840

Other creditors

2,846

5,103

3,686

5,943