ILH Groundcare Machinery Ltd SC693477 retail of heavy machinery false 1 April 2022 SC693477 2022-04-01 2023-03-31 SC693477 2022-03-31 SC693477 2023-03-31 SC693477 2021-03-25 2022-03-31 SC693477 2021-03-24 SC693477 2022-03-31 SC693477 frs102-bus:FRS102 2022-04-01 2023-03-31 SC693477 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC693477 frs102-bus:FullAccounts 2022-04-01 2023-03-31 SC693477 frs102-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC693477 frs102-core:CurrentFinancialInstruments 2023-03-31 SC693477 frs102-core:CurrentFinancialInstruments 2022-03-31 SC693477 frs102-core:Non-currentFinancialInstruments 2023-03-31 SC693477 frs102-core:Non-currentFinancialInstruments 2022-03-31 SC693477 frs102-core:ShareCapital 2023-03-31 SC693477 frs102-core:ShareCapital 2022-03-31 SC693477 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC693477 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 SC693477 frs102-bus:Director1 2022-04-01 2023-03-31 SC693477 frs102-core:ComputerEquipment 2022-04-01 2023-03-31 SC693477 frs102-core:FurnitureFittings 2022-04-01 2023-03-31 SC693477 frs102-core:OfficeEquipment 2022-04-01 2023-03-31 SC693477 frs102-core:Vehicles 2022-04-01 2023-03-31 SC693477 frs102-core:PlantMachinery 2022-04-01 2023-03-31 SC693477 frs102-core:ComputerEquipment 2022-03-31 SC693477 frs102-core:FurnitureFittings 2022-03-31 SC693477 frs102-core:OfficeEquipment 2022-03-31 SC693477 frs102-core:Vehicles 2022-03-31 SC693477 frs102-core:PlantMachinery 2022-03-31 SC693477 frs102-core:ComputerEquipment 2023-03-31 SC693477 frs102-core:FurnitureFittings 2023-03-31 SC693477 frs102-core:OfficeEquipment 2023-03-31 SC693477 frs102-core:Vehicles 2023-03-31 SC693477 frs102-core:PlantMachinery 2023-03-31 SC693477 frs102-core:ComputerEquipment 2022-03-31 SC693477 frs102-core:FurnitureFittings 2022-03-31 SC693477 frs102-core:OfficeEquipment 2022-03-31 SC693477 frs102-core:Vehicles 2022-03-31 SC693477 frs102-core:PlantMachinery 2022-03-31 SC693477 frs102-core:DeferredTaxation 2023-03-31 SC693477 frs102-core:DeferredTaxation 2022-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2023-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2022-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC693477
ILH Groundcare Machinery Ltd
Unaudited Accounts
for the year ended
31 March 2023
ILH Groundcare Machinery Ltd
Balance Sheet
as at 31 March 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 360,702 184,595
360,702 184,595
Current assets
Stocks 4 203,566 195,556
Debtors 5 232,940 28,105
Cash at bank and in hand 469,474 224,893
905,980 448,554
Creditors: amounts falling due within one year 6 (659,465) (315,017)
Net current assets / (liabilities) 246,515 133,537
Total assets less current liabilities 607,217 318,132
Creditors: amounts falling due after more than one year 7 (70,498) (24,419)
Provisions for liabilities 8 (70,028) (20,747)
Total net assets (liabilities) 466,691 272,966
Capital and reserves
Called up share capital 9 30 30
Profit and loss account 466,661 272,936
Shareholders' funds 466,691 272,966

ILH Groundcare Machinery Ltd
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr D Hastie

Director


Approved by the board on 11 March 2024

Company Number: SC693477 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

Unit 15
Kilsyth Road Workspace
Kirkintilloch
G66 1QE
Scotland

ILH Groundcare Machinery Ltd
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 33.3% Straight Line
Fixtures & Fittings 33.3% Straight Line
Office equipment 33.3% Straight Line
Vehicles 25% Reducing Balance
Plant & machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Employees
2023 2022
Average number of employees during the period 4 3

3. Tangible fixed assets
Computer equipment Fixtures & Fittings Office equipment Vehicles Plant & machinery Total
Cost or valuation £ £ £ £ £ £
At 1 April 2022 300 1,200 1,558 56,155 187,253 246,466
Additions 0 1,731 5,423 78,677 193,566 279,397
Disposals (0) (0) (0) (56,155) (0) (56,155)
At 31 March 2023 300 2,931 6,981 78,677 380,819 469,708
Depreciation
At 1 April 2022 100 400 519 14,039 46,813 61,871
Charge for the period 100 636 1,443 15,325 52,651 70,155
On disposals (0) (0) (0) (23,020) (0) (23,020)
At 31 March 2023 200 1,036 1,962 6,344 99,464 109,006
Net book value
At 31 March 2023 100 1,895 5,019 72,333 281,355 360,702
At 31 March 2022 200 800 1,039 42,116 140,440 184,595

4. Stocks
2023 2022
£ £
Stocks of raw materials and consumables 203,566 195,556
203,566 195,556

5. Debtors
2023 2022
£ £
Trade debtors 232,940 43,105
Other debtors 0 (15,000)
232,940 28,105

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank Loans & Overdrafts 27,561 0
Trade creditors 494,125 42,216
Taxation & social security (1,380) 28,680
Other creditors 139,159 244,121
659,465 315,017

7. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 70,498 0
70,498 24,419

8. Provisions
2023 2022
£ £
Deferred tax 70,028 20,747
70,028 20,747

9. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
30 (2022: 30) Ordinary shares of £1.00 each 30 30
30 30

10. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Mr D Hastie. The relationship between the parties is Director. At the balance sheet date the company owed the related party £47,140.

During the period of accounts a transaction occurred between this company and a related party, Mr I Hastie. The relationship between the parties is Director. At the balance sheet date the company owed the related party £70,298.


Controlling party
Mr D Hastie and Mr I Hastie are the ultimate controlling party.