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Company Registration number: 06444025

Coombe & Sharpe Landscaping Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 30 November 2023

 

Coombe & Sharpe Landscaping Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 7

 

Coombe & Sharpe Landscaping Limited

Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

342,359

376,031

Current assets

 

Stocks

5

17,236

17,168

Debtors

6

15,876

6,303

Cash at bank and in hand

 

390,392

834,912

 

423,504

858,383

Creditors: Amounts falling due within one year

7

(267,651)

(264,050)

Net current assets

 

155,853

594,333

Total assets less current liabilities

 

498,212

970,364

Provisions for liabilities

(33,246)

(38,775)

Net assets

 

464,966

931,589

Capital and reserves

 

Called up share capital

1,103

1,103

Retained earnings

463,863

930,486

Shareholders' funds

 

464,966

931,589

 

Coombe & Sharpe Landscaping Limited

Balance Sheet as at 30 November 2023 (continued)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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.

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.

Company registration number: 06444025

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
Mr A Sharpe
Director

.........................................
Mr P J Coombe
Director

 

Coombe & Sharpe Landscaping Limited

Notes to the financial statements for the Year Ended 30 November 2023

1

GENERAL INFORMATION

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

The address of its registered office is:
Dalmar House
Barras Lane Estate
Dalston
Carlisle
CA5 7NY

These financial statements were authorised for issue by the Board on 20 February 2024.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

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

 

Coombe & Sharpe Landscaping Limited

Notes to the financial statements for the Year Ended 30 November 2023 (continued)

2

ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

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 corporation 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.

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

Freehold property

2% straight line

Fixtures and fittings

25% straight line

 

Coombe & Sharpe Landscaping Limited

Notes to the financial statements for the Year Ended 30 November 2023 (continued)

2

ACCOUNTING POLICIES (continued)

Motor vehicles

20% straight line

Plant and machinery

20% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 40 (2022 - 40).

 

Coombe & Sharpe Landscaping Limited

Notes to the financial statements for the Year Ended 30 November 2023 (continued)

4

TANGIBLE ASSETS

Freehold property
£

Fixtures and fittings
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

228,655

39,222

254,258

316,737

838,872

Additions

-

-

-

25,300

25,300

Disposals

-

-

-

(6,480)

(6,480)

At 30 November 2023

228,655

39,222

254,258

335,557

857,692

Depreciation

At 1 December 2022

56,706

39,222

144,700

222,214

462,842

Charge for the year

4,573

-

28,489

22,669

55,731

Eliminated on disposal

-

-

-

(3,240)

(3,240)

At 30 November 2023

61,279

39,222

173,189

241,643

515,333

Carrying amount

At 30 November 2023

167,376

-

81,069

93,914

342,359

At 30 November 2022

171,950

-

109,558

94,523

376,031

Included within the net book value of land and buildings above is £167,376 (2022 - £171,950) in respect of long leasehold land and buildings.
 

 

Coombe & Sharpe Landscaping Limited

Notes to the financial statements for the Year Ended 30 November 2023 (continued)

5

STOCKS

2023
£

2022
£

Work in progress

2,000

2,000

Stock on hand

15,236

15,168

17,236

17,168

6

DEBTORS

Current

2023
£

2022
£

Trade debtors

13,196

3,617

Prepayments

2,680

2,686

 

15,876

6,303

7

CREDITORS

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,587

1,435

Taxation and social security

260,791

258,585

Accruals and deferred income

4,245

2,285

Other creditors

1,028

1,745

267,651

264,050