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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
Page
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Lawn Science Limited Company Information for the year ended 31 July 2023
Directors
T J P Nicholson E Nicholson
Secretary
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
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Lawn Science Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,150 
4,300 
Tangible assets
69,137 
80,705 
71,287 
85,005 
Current assets
Debtors
- 
79 
Cash at bank and in hand
253,085 
367,062 
253,085 
367,141 
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 
Capital and reserves
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
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Lawn Science Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 fixed assets
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.
Financial instruments
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.
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Lawn Science Limited Notes to the Accounts for the year ended 31 July 2023
Deferred taxation
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 
£ 
Cost
At 1 August 2022
11,510 
At 31 July 2023
11,510 
Amortisation
At 1 August 2022
7,210 
Charge for the year
2,150 
At 31 July 2023
9,360 
Net book value
At 31 July 2023
2,150 
At 31 July 2022
4,300 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
79 
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Lawn Science Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,500 
15,874 
Trade creditors
- 
125 
Taxes and social security
9,410 
20,172 
Loans from directors
395 
72,074 
Accruals
400 
400 
23,705 
108,645 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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