Registered number
04607985
Nigel Jeffries Landscapes Limited
Filleted Accounts
31 January 2023
Nigel Jeffries Landscapes Limited
Registered number: 04607985
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 48,120 64,160
Tangible assets 4 262,260 221,294
310,380 285,454
Current assets
Stocks 2,000 1,500
Debtors 5 135,923 102,622
Cash at bank and in hand 225,573 179,383
363,496 283,505
Creditors: amounts falling due within one year 6 (165,746) (159,019)
Net current assets 197,750 124,486
Total assets less current liabilities 508,130 409,940
Creditors: amounts falling due after more than one year 7 (41,887) (42,500)
Provisions for liabilities (49,829) (42,046)
Net assets 416,414 325,394
Capital and reserves
Called up share capital 1 1
Profit and loss account 416,413 325,393
Shareholder's funds 416,414 325,394
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
V.F. Harris
Director
Approved by the board on 29 September 2023
Nigel Jeffries Landscapes Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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:
Computer equipment 25% straight line
Plant and machinery 20% straight line
Motor vehicles 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 80,200
At 31 January 2023 80,200
Amortisation
At 1 February 2022 16,040
Provided during the year 16,040
At 31 January 2023 32,080
Net book value
At 31 January 2023 48,120
At 31 January 2022 64,160
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 2,610 302,257 227,132 531,999
Additions - 104,334 22,500 126,834
At 31 January 2023 2,610 406,591 249,632 658,833
Depreciation
At 1 February 2022 2,610 137,442 170,653 310,705
Charge for the year - 63,743 22,125 85,868
At 31 January 2023 2,610 201,185 192,778 396,573
Net book value
At 31 January 2023 - 205,406 56,854 262,260
At 31 January 2022 - 164,815 56,479 221,294
5 Debtors 2023 2022
£ £
Trade debtors 134,185 100,289
Other debtors 1,738 2,333
135,923 102,622
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 7,500
Obligations under finance lease and hire purchase contracts 9,387 -
Trade creditors 17,995 34,896
Taxation and social security costs 89,923 79,348
Other creditors 38,441 37,275
165,746 159,019
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,500 42,500
Obligations under finance lease and hire purchase contracts 9,387 -
41,887 42,500
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years - 2,500
9 Other information
Nigel Jeffries Landscapes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Box Farm
Bedlam Lane
Egerton
Kent
TN27 9BY
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