Company registration number 04524504 (England and Wales)
GREENACRE LANDSCAPING (CHESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
PAGES FOR FILING WITH REGISTRAR
GREENACRE LANDSCAPING (CHESTER) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
GREENACRE LANDSCAPING (CHESTER) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2021
30 September 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
39,141
30,902
Current assets
Stocks
4,600
3,000
Debtors
5
21,644
10,967
Cash at bank and in hand
12,102
-
0
38,346
13,967
Creditors: amounts falling due within one year
6
(44,650)
(32,435)
Net current liabilities
(6,304)
(18,468)
Total assets less current liabilities
32,837
12,434
Creditors: amounts falling due after more than one year
7
(18,333)
(10,000)
Provisions for liabilities
(7,437)
(5,484)
Net assets/(liabilities)
7,067
(3,050)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
7,066
(3,051)
Total equity
7,067
(3,050)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

GREENACRE LANDSCAPING (CHESTER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2021
30 September 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 August 2022
Mr M A Fidling
Director
Company Registration No. 04524504
GREENACRE LANDSCAPING (CHESTER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021
30 September 2021
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Greenacre Landscaping (Chester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 10 Chapel Court, Wervin Road, Wervin, Chester, CH2 4BT.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Turnover

The turnover in the profit and loss accounts represents charges made for work carried out in the year, exclusive of Value Added Tax.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tools and equipment
20% on cost
Computer equipment
25% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4
Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is include in the valuation of work in progress.

GREENACRE LANDSCAPING (CHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2
Accounting policies
(Continued)
- 4 -
2.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.7

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
1
1
GREENACRE LANDSCAPING (CHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 5 -
4
Tangible fixed assets
Tools and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2020
79,406
339
83,438
163,183
Additions
16,245
-
0
3,114
19,359
Disposals
-
0
-
0
(5,000)
(5,000)
At 30 September 2021
95,651
339
81,552
177,542
Depreciation and impairment
At 1 October 2020
79,115
339
52,827
132,281
Depreciation charged in the year
3,541
-
0
4,454
7,995
Eliminated in respect of disposals
-
0
-
0
(1,875)
(1,875)
At 30 September 2021
82,656
339
55,406
138,401
Carrying amount
At 30 September 2021
12,995
-
0
26,146
39,141
At 30 September 2020
291
-
0
30,611
30,902
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
1,223
2,777
Other debtors
20,421
8,190
21,644
10,967
6
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
5,000
1,014
Trade creditors
28,743
24,506
Other taxation and social security
3,942
177
Other creditors
6,965
6,738
44,650
32,435
GREENACRE LANDSCAPING (CHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 6 -
7
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
18,333
10,000
8
Related party transactions

Included within debtors at the year end is an amount owed by Mr M Fidling, a director of the company, of £15,733 (2020 - £6,134). Interest has been charged on the outstanding amount at 2.25% and 2% where applicable and it was cleared by way of a dividend from future profits post year end.

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