Registered number
03237850
Land Management Services Ltd
Filleted Accounts
31 March 2023
Land Management Services Ltd
Registered number: 03237850
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,347 1,816
Current assets
Debtors 4 58,308 33,130
Cash at bank and in hand 122,936 85,574
181,244 118,704
Creditors: amounts falling due within one year 5 (36,527) (22,222)
Net current assets 144,717 96,482
Total assets less current liabilities 149,064 98,298
Creditors: amounts falling due after more than one year 6 (187) (217)
Net assets 148,877 98,081
Capital and reserves
Called up share capital 100 100
Profit and loss account 148,777 97,981
Shareholders' funds 148,877 98,081
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 D Withycombe
Director
Approved by the board on 26 October 2023
Land Management Services Ltd
Notes to the Accounts
for the year ended 31 March 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance basis
Fixtures, fittings, tools and equipment 25% reducing balance basis
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.
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 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 1,966 40,759 42,725
Additions - 3,980 3,980
At 31 March 2023 1,966 44,739 46,705
Depreciation
At 1 April 2022 1,966 38,943 40,909
Charge for the year - 1,449 1,449
At 31 March 2023 1,966 40,392 42,358
Net book value
At 31 March 2023 - 4,347 4,347
At 31 March 2022 - 1,816 1,816
4 Debtors 2023 2022
£ £
Trade debtors 58,120 32,736
Other debtors 188 394
58,308 33,130
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,483 796
Taxation and social security costs 27,764 18,162
Other creditors 6,280 3,264
36,527 22,222
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 187 217
7 Other information
Land Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Park Avenue
Hassocks
West Sussex
BN6 8LT
Land Management Services Ltd 03237850 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mr D Withycombe No description of principal activity 03237850 2021-04-01 2022-03-31 03237850 core:WithinOneYear 2022-03-31 03237850 core:AfterOneYear 2022-03-31 03237850 core:ShareCapital 2022-03-31 03237850 core:RetainedEarningsAccumulatedLosses 2022-03-31 03237850 2022-04-01 2023-03-31 03237850 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03237850 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03237850 bus:Director40 2022-04-01 2023-03-31 03237850 1 2022-04-01 2023-03-31 03237850 2 2022-04-01 2023-03-31 03237850 core:LandBuildings 2022-04-01 2023-03-31 03237850 core:PlantMachinery 2022-04-01 2023-03-31 03237850 countries:England 2022-04-01 2023-03-31 03237850 bus:FRS102 2022-04-01 2023-03-31 03237850 bus:FullAccounts 2022-04-01 2023-03-31 03237850 2023-03-31 03237850 core:WithinOneYear 2023-03-31 03237850 core:AfterOneYear 2023-03-31 03237850 core:ShareCapital 2023-03-31 03237850 core:RetainedEarningsAccumulatedLosses 2023-03-31 03237850 core:LandBuildings 2023-03-31 03237850 core:PlantMachinery 2023-03-31 03237850 2022-03-31 03237850 core:LandBuildings 2022-03-31 03237850 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure