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REGISTERED NUMBER: 06370690 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Cheltenham Mowers Ltd

Cheltenham Mowers Ltd (Registered number: 06370690)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheltenham Mowers Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr S Williams





REGISTERED OFFICE: Unit B3 Nexus
Hurricane Road
Gloucester Business Park
Gloucester
Gloucestershire
GL3 4AG





REGISTERED NUMBER: 06370690 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Cheltenham Mowers Ltd (Registered number: 06370690)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 134,615 34,447
134,615 34,447

CURRENT ASSETS
Stocks 737,740 325,660
Debtors 6 495,401 447,275
Cash at bank and in hand 78,711 16
1,311,852 772,951
CREDITORS
Amounts falling due within one year 7 907,876 412,761
NET CURRENT ASSETS 403,976 360,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,591

394,637

CREDITORS
Amounts falling due after more than one
year

8

49,963

-
NET ASSETS 488,628 394,637

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 488,528 394,537
SHAREHOLDERS' FUNDS 488,628 394,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cheltenham Mowers Ltd (Registered number: 06370690)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 January 2024 and were signed by:





Mr S Williams - Director


Cheltenham Mowers Ltd (Registered number: 06370690)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Cheltenham Mowers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

Cheltenham Mowers Ltd (Registered number: 06370690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 225,000
AMORTISATION
At 1 October 2022
and 30 September 2023 225,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 150,629
Additions 118,534
At 30 September 2023 269,163
DEPRECIATION
At 1 October 2022 116,182
Charge for year 18,366
At 30 September 2023 134,548
NET BOOK VALUE
At 30 September 2023 134,615
At 30 September 2022 34,447

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 53,656 27,420
Other debtors 441,745 419,855
495,401 447,275

Cheltenham Mowers Ltd (Registered number: 06370690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 9,372
Hire purchase contracts 5,474 -
Trade creditors 840,663 366,025
Taxation and social security 34,474 37,364
Other creditors 27,265 -
907,876 412,761

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 49,816 -
Other creditors 147 -
49,963 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The entire issued share capital of the company was purchased by Levco 2 Limited during the year.

The ultimate control resides with Mr S Williams, the director and 100% shareholder of that company.