Company Registration No. 12341377 (England and Wales)
PROUDLOCK GARDEN MAINTENANCE LIMITED
Unaudited accounts
for the year ended 30 November 2023
PROUDLOCK GARDEN MAINTENANCE LIMITED
Unaudited accounts
Contents
PROUDLOCK GARDEN MAINTENANCE LIMITED
Company Information
for the year ended 30 November 2023
Director
Mr James Proudlock
Secretary
Mr James Proudlock
Company Number
12341377 (England and Wales)
Registered Office
POST OFFICE VAULTS 4 MARKET PLACE
POST OFFICE VAULTS
WANTAGE
OX12 8AT
UNITED KINGDOM
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
PROUDLOCK GARDEN MAINTENANCE LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
34,479
14,790
Cash at bank and in hand
1,026
1,820
Creditors: amounts falling due within one year
(15,387)
(4,278)
Net current liabilities
(14,361)
(2,458)
Total assets less current liabilities
20,118
12,332
Creditors: amounts falling due after more than one year
(2,014)
(3,948)
Called up share capital
1
1
Profit and loss account
18,103
8,383
Shareholders' funds
18,104
8,384
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 10 February 2024 and were signed on its behalf by
Mr James Proudlock
Director
Company Registration No. 12341377
PROUDLOCK GARDEN MAINTENANCE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
PROUDLOCK GARDEN MAINTENANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12341377. The registered office is POST OFFICE VAULTS 4 MARKET PLACE, POST OFFICE VAULTS, WANTAGE, OX12 8AT, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% reducing balance
Motor vehicles
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
PROUDLOCK GARDEN MAINTENANCE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
6,215
13,000
19,215
Additions
3,997
22,000
25,997
At 30 November 2023
10,212
35,000
45,212
At 1 December 2022
791
3,634
4,425
Charge for the year
1,501
4,807
6,308
At 30 November 2023
2,292
8,441
10,733
At 30 November 2023
7,920
26,559
34,479
At 30 November 2022
5,424
9,366
14,790
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
636
660
Obligations under finance leases and hire purchase contracts
1,507
1,507
Loans from directors
12,594
1,461
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
903
2,410
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).