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RDC Landscapes Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2022 to 27 February 2023

 

RDC Landscapes Limited

(Registration number: 08875747)
Balance Sheet as at 27 February 2023

Note

2023

2022

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

43,513

 

32,371

Current assets

   

 

Debtors

5

26,290

 

-

 

Cash at bank and in hand

 

7,861

 

47,136

 

 

34,151

 

47,136

 

Creditors: Amounts falling due within one year

6

(20,463)

 

(40,735)

 

Net current assets

   

13,688

 

6,401

Total assets less current liabilities

   

57,201

 

38,772

Creditors: Amounts falling due after more than one year

6

 

(43,156)

 

(32,222)

Provisions for liabilities

 

(8,267)

 

(6,150)

Net assets

   

5,778

 

400

Capital and reserves

   

 

Called up share capital

2

 

2

 

Profit and loss account

5,776

 

398

 

Total equity

   

5,778

 

400

For the financial period ending 27 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

RDC Landscapes Limited

(Registration number: 08875747)
Balance Sheet as at 27 February 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................

Mr R D Cole

Director

 

RDC Landscapes Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 27 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG

The principal place of business is:
10 Pridmore Road
Snodland
Maidstone
Kent
ME6 5PR
England

These financial statements were authorised for issue by the Board on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

RDC Landscapes Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 27 February 2023

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

RDC Landscapes Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 27 February 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25%/7.5% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

RDC Landscapes Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 27 February 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

765

19,800

41,502

62,067

Additions

-

18,000

7,648

25,648

At 27 February 2023

765

37,800

49,150

87,715

Depreciation

At 1 March 2022

688

14,610

14,398

29,696

Charge for the period

20

5,797

8,689

14,506

At 27 February 2023

708

20,407

23,087

44,202

Carrying amount

At 27 February 2023

57

17,393

26,063

43,513

At 28 February 2022

77

5,190

27,104

32,371

5

Debtors

Current

2023
£

2022
£

Trade debtors

4,000

-

Other debtors

22,290

-

 

26,290

-

 

RDC Landscapes Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 27 February 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

8,696

15,661

Trade creditors

 

13

-

Taxation and social security

 

-

12,359

Other creditors

 

11,754

12,715

 

20,463

40,735

Due after one year

 

Loans and borrowings

7

43,156

32,222

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

43,156

32,222

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,423

4,296

Other borrowings

2,273

11,365

8,696

15,661