Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-02-01falseThe principal activity of the company is Landscape service activities.1416trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06058668 2022-02-01 2023-01-31 06058668 2021-02-01 2022-01-31 06058668 2023-01-31 06058668 2022-01-31 06058668 2021-02-01 06058668 c:Director1 2022-02-01 2023-01-31 06058668 d:PlantMachinery 2022-02-01 2023-01-31 06058668 d:PlantMachinery 2023-01-31 06058668 d:PlantMachinery 2022-01-31 06058668 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06058668 d:MotorVehicles 2022-02-01 2023-01-31 06058668 d:MotorVehicles 2023-01-31 06058668 d:MotorVehicles 2022-01-31 06058668 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06058668 d:FurnitureFittings 2022-02-01 2023-01-31 06058668 d:FurnitureFittings 2023-01-31 06058668 d:FurnitureFittings 2022-01-31 06058668 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06058668 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06058668 d:Goodwill 2023-01-31 06058668 d:Goodwill 2022-01-31 06058668 d:CurrentFinancialInstruments 2023-01-31 06058668 d:CurrentFinancialInstruments 2022-01-31 06058668 d:Non-currentFinancialInstruments 2023-01-31 06058668 d:Non-currentFinancialInstruments 2022-01-31 06058668 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06058668 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 06058668 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 06058668 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 06058668 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 06058668 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 06058668 d:ShareCapital 2022-02-01 2023-01-31 06058668 d:ShareCapital 2023-01-31 06058668 d:ShareCapital 2021-02-01 2022-01-31 06058668 d:ShareCapital 2022-01-31 06058668 d:ShareCapital 2021-02-01 06058668 d:SharePremium 2022-02-01 2023-01-31 06058668 d:SharePremium 2023-01-31 06058668 d:SharePremium 2021-02-01 2022-01-31 06058668 d:SharePremium 2022-01-31 06058668 d:SharePremium 2021-02-01 06058668 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 06058668 d:RetainedEarningsAccumulatedLosses 2023-01-31 06058668 d:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 06058668 d:RetainedEarningsAccumulatedLosses 2022-01-31 06058668 d:RetainedEarningsAccumulatedLosses 2021-02-01 06058668 c:FRS102 2022-02-01 2023-01-31 06058668 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 06058668 c:FullAccounts 2022-02-01 2023-01-31 06058668 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06058668 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 06058668










Frognal Gardens Limited








Unaudited

Financial statements

For the year ended 31 January 2023

 
Frognal Gardens Limited
Registered number: 06058668

Balance sheet
As at 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
32,497
41,905

  
32,497
41,905

Current assets
  

Stocks
  
12,361
12,505

Debtors: amounts falling due within one year
 6 
37,200
28,477

Cash at bank and in hand
 7 
114,996
175,406

  
164,557
216,388

Creditors: amounts falling due within one year
 8 
(103,955)
(139,185)

Net current assets
  
 
 
60,602
 
 
77,203

Total assets less current liabilities
  
93,099
119,108

Creditors: amounts falling due after more than one year
 9 
(23,177)
(35,394)

  

Net assets
  
69,922
83,714


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
31,600
31,600

Profit and loss account
  
38,321
52,113

  
69,922
83,714


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Brock
Director
Page 1

 
Frognal Gardens Limited
Registered number: 06058668

Balance sheet (continued)
As at 31 January 2023

Date: 9 October 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
Frognal Gardens Limited
 

Statement of changes in equity
For the year ended 31 January 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 February 2021
1
-
53,828
53,829


Comprehensive income for the year

Profit for the year
-
-
103,565
103,565
Total comprehensive income for the year
-
-
103,565
103,565


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(105,280)
(105,280)

Shares issued during the year
-
31,600
-
31,600



At 1 February 2022
1
31,600
52,113
83,714


Comprehensive income for the year

Profit for the year
-
-
78,328
78,328
Total comprehensive income for the year
-
-
78,328
78,328


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(92,120)
(92,120)


At 31 January 2023
1
31,600
38,321
69,922


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

1.


General information

Frognal Gardens Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address can be fund on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
on cost
Motor vehicles
-
25%
on cost
Fixtures and fittings
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Financial instruments

Page 5

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 16).

Page 6

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
80,000



At 31 January 2023

80,000



Amortisation


At 1 February 2022
80,000



At 31 January 2023

80,000



Net book value



At 31 January 2023
-



At 31 January 2022
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2022
24,084
42,865
16,678
83,627


Additions
5,013
-
277
5,290


Disposals
-
(2,200)
-
(2,200)



At 31 January 2023

29,097
40,665
16,955
86,717



Depreciation


At 1 February 2022
19,121
9,826
12,775
41,722


Charge for the year on owned assets
2,773
10,168
1,482
14,423


Disposals
-
(1,925)
-
(1,925)



At 31 January 2023

21,894
18,069
14,257
54,220



Net book value



At 31 January 2023
7,203
22,596
2,698
32,497



At 31 January 2022
4,963
33,039
3,903
41,905

Page 7

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

6.


Debtors

2023
2022
£
£


Trade debtors
37,200
28,477

37,200
28,477



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
114,996
175,406



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
12,514
13,728

Trade creditors
2,118
31,720

Corporation tax
20,308
24,394

Other taxation and social security
27,065
24,795

Other creditors
38,700
39,748

Accruals and deferred income
3,250
4,800

103,955
139,185



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,177
35,394


Page 8

 
Frognal Gardens Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
12,514
13,728


12,514
13,728


Amounts falling due 2-5 years

Bank loans
23,177
35,394


23,177
35,394


35,691
49,122



11.


Enterprise Management Incentive Scheme

In 2012 two employees of the company were granted options to aquire 316 ordinary shares of £0.001 at the exercise price of £100 per share, under the EMI scheme.
During the previous year these options were exercised with £31,600 being paid for the aquisition of 316 ordinary shares.


Page 9