Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr B Baxter 02/02/1996 Mrs J Baxter 02/02/1996 10 October 2023 The principal activity of the company continued to be that of landscape gardening and the sale of garden plants and accessories. 03154236 2023-02-28 03154236 bus:Director1 2023-02-28 03154236 bus:Director2 2023-02-28 03154236 2022-02-28 03154236 core:CurrentFinancialInstruments 2023-02-28 03154236 core:CurrentFinancialInstruments 2022-02-28 03154236 core:Non-currentFinancialInstruments 2023-02-28 03154236 core:Non-currentFinancialInstruments 2022-02-28 03154236 core:ShareCapital 2023-02-28 03154236 core:ShareCapital 2022-02-28 03154236 core:RetainedEarningsAccumulatedLosses 2023-02-28 03154236 core:RetainedEarningsAccumulatedLosses 2022-02-28 03154236 core:LandBuildings 2022-02-28 03154236 core:PlantMachinery 2022-02-28 03154236 core:OfficeEquipment 2022-02-28 03154236 core:ComputerEquipment 2022-02-28 03154236 core:LandBuildings 2023-02-28 03154236 core:PlantMachinery 2023-02-28 03154236 core:OfficeEquipment 2023-02-28 03154236 core:ComputerEquipment 2023-02-28 03154236 2022-03-01 2023-02-28 03154236 bus:FullAccounts 2022-03-01 2023-02-28 03154236 bus:SmallEntities 2022-03-01 2023-02-28 03154236 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 03154236 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03154236 bus:Director1 2022-03-01 2023-02-28 03154236 bus:Director2 2022-03-01 2023-02-28 03154236 core:LandBuildings 2022-03-01 2023-02-28 03154236 core:PlantMachinery 2022-03-01 2023-02-28 03154236 core:OfficeEquipment 2022-03-01 2023-02-28 03154236 core:ComputerEquipment 2022-03-01 2023-02-28 03154236 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Company No: 03154236 (England and Wales)

BAXTER LANDSCAPES LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

BAXTER LANDSCAPES LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

BAXTER LANDSCAPES LIMITED

BALANCE SHEET

As at 28 February 2023
BAXTER LANDSCAPES LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 21,362 22,298
21,362 22,298
Current assets
Stocks 0 5,850
Debtors 5 15,003 12,391
Cash at bank and in hand 24,285 82,463
39,288 100,704
Creditors: amounts falling due within one year 6 ( 35,992) ( 41,893)
Net current assets 3,296 58,811
Total assets less current liabilities 24,658 81,109
Creditors: amounts falling due after more than one year 7 0 ( 1,383)
Net assets 24,658 79,726
Capital and reserves
Called-up share capital 2 2
Profit and loss account 24,656 79,724
Total shareholders' funds 24,658 79,726

For the financial year ending 28 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 financial statements of Baxter Landscapes Limited (registered number: 03154236) were approved and authorised for issue by the Board of Directors on 10 October 2023. They were signed on its behalf by:

Mr B Baxter
Director
BAXTER LANDSCAPES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
BAXTER LANDSCAPES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Baxter Landscapes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Station House Farm 673 Chorley Road, Westhoughton, Bolton, BL5 3NF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 2 % reducing balance
Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

4. Tangible assets

Land and buildings Plant and machinery Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 March 2022 26,750 9,340 7,216 1,932 45,238
At 28 February 2023 26,750 9,340 7,216 1,932 45,238
Accumulated depreciation
At 01 March 2022 5,774 8,913 6,400 1,853 22,940
Charge for the financial year 535 106 269 26 936
At 28 February 2023 6,309 9,019 6,669 1,879 23,876
Net book value
At 28 February 2023 20,441 321 547 53 21,362
At 28 February 2022 20,976 427 816 79 22,298

5. Debtors

2023 2022
£ £
Corporation tax 15,003 9,540
Other debtors 0 2,851
15,003 12,391

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 1,890
Taxation and social security 135 9,049
Other creditors 35,857 30,954
35,992 41,893

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 0 1,383