Company Registration No. 5906821 (England and Wales)
Lawn Science Limited
Unaudited accounts
for the year ended 31 July 2023
Lawn Science Limited
Unaudited accounts
Contents
Lawn Science Limited
Company Information
for the year ended 31 July 2023
Directors
T J P Nicholson
E Nicholson
Company Number
5906821 (England and Wales)
Registered Office
3 Stratford Road
Nash
Milton Keynes
Buckinghamshire
MK17 0ES
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Lawn Science Limited
Statement of financial position
as at 31 July 2023
Intangible assets
2,150
4,300
Tangible assets
69,137
80,705
Cash at bank and in hand
253,085
367,062
Creditors: amounts falling due within one year
(23,705)
(108,645)
Net current assets
229,380
258,496
Total assets less current liabilities
300,667
343,501
Provisions for liabilities
Deferred tax
(13,136)
(15,334)
Net assets
287,531
328,167
Called up share capital
1
1
Profit and loss account
287,530
328,166
Shareholders' funds
287,531
328,167
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
T J P Nicholson
Director
Company Registration No. 5906821
Lawn Science Limited
Notes to the Accounts
for the year ended 31 July 2023
Lawn Science Limited is a private company, limited by shares, registered in England and Wales, registration number 5906821. The registered office is 3 Stratford Road, Nash, Milton Keynes, Buckinghamshire, MK17 0ES, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of 5 years and 10 years.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Lawn Science Limited
Notes to the Accounts
for the year ended 31 July 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
3,492
87,095
212
18,877
109,676
Additions
-
-
-
3,812
3,812
Disposals
(2,663)
-
-
(4,924)
(7,587)
At 31 July 2023
829
87,095
212
17,765
105,901
At 1 August 2022
1,146
13,064
53
14,708
28,971
Charge for the year
63
11,104
39
1,838
13,044
On disposals
(955)
-
-
(4,296)
(5,251)
At 31 July 2023
254
24,168
92
12,250
36,764
At 31 July 2023
575
62,927
120
5,515
69,137
At 31 July 2022
2,346
74,031
159
4,169
80,705
Amounts falling due within one year
Lawn Science Limited
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,410
20,172
Loans from directors
395
72,074
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).