Registered number
10067999
Scotts Landscapes Limited
Fileted Accounts
31 March 2023
Scotts Landscapes Limited
Registered number: 10067999
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 44,982 56,236
Current assets
Debtors 4 32,670 41,141
Cash at bank and in hand 23,554 26,110
56,224 67,251
Creditors: amounts falling due within one year 5 (55,254) (69,616)
Net current assets/(liabilities) 970 (2,365)
Total assets less current liabilities 45,952 53,871
Creditors: amounts falling due after more than one year 6 - (4,700)
Provisions for liabilities (8,496) (10,685)
Net assets 37,456 38,486
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,356 38,386
Shareholder's funds 37,456 38,486
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 S Scott
Director
Approved by the board on 20 November 2023
Scotts Landscapes Limited
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:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 1 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 69,621 52,439 122,060
Additions 985 - 985
Disposals - (4,045) (4,045)
At 31 March 2023 70,606 48,394 119,000
Depreciation
At 1 April 2022 44,356 21,468 65,824
Charge for the year 5,250 5,929 11,179
On disposals - (2,985) (2,985)
At 31 March 2023 49,606 24,412 74,018
Net book value
At 31 March 2023 21,000 23,982 44,982
At 31 March 2022 25,265 30,971 56,236
4 Debtors 2023 2022
£ £
Trade debtors 15,223 23,694
Other debtors 17,447 17,447
32,670 41,141
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 4,701 6,268
Trade creditors 2,720 1,144
Accruals 1,700 4,800
Taxation and social security costs 45,857 51,000
Other creditors 276 6,404
55,254 69,616
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 4,700
7 Events after the reporting date
There are no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Pension commitments
There are no known pension commitments which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
10 Related party transactions
Dividends of £6500 were paid during the year to the shareholder of the company. As at the year end the company owed £276 to Mr S Scott, director and shareholder of the company. The loan is interest free with no fixed date for repayment.
11 Controlling party
The company under the control of Mr S Scott, being director and shareholder of the company.
12 Other information
Scotts Landscapes Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Gresley Close
Drayton Fields Industrial Estate
Daventry
Northants
NN11 8RZ
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