Registered number
09647106
Leaf Care Group Ltd
Filleted Accounts
31 March 2023
Leaf Care Group Ltd
Registered number: 09647106
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,361,604 1,405,222
Investments 4 6 6
1,361,610 1,405,228
Current assets
Debtors 5 315,367 -
Creditors: amounts falling due within one year 6 (637,475) (702,818)
Net current liabilities (322,108) (702,818)
Total assets less current liabilities 1,039,502 702,410
Creditors: amounts falling due after more than one year 7 (261,968) (326,708)
Provisions for liabilities (154,364) (153,149)
Net assets 623,170 222,553
Capital and reserves
Called up share capital 100 100
Profit and loss account 623,070 222,453
Shareholders' funds 623,170 222,553
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C McDonnell
Director
Approved by the board on 13 March 2024
Leaf Care Group Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Freehold land and buildings are assessed for any impairment losses but otherwise not depreciated because of the regular maintenance, the estimated length of their economic useful lives and no material reduction in their residual value.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 1,405,222
Additions 150,233
Disposals (155,871)
At 31 March 2023 1,399,584
Depreciation
Loss on revaluation - impairment provision 37,980
At 31 March 2023 37,980
Net book value
At 31 March 2023 1,361,604
At 31 March 2022 1,405,222
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,399,584 1,405,222
Cumulative depreciation based on historical cost - -
1,399,584 1,405,222
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 6
At 31 March 2023 6
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 315,367 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 111,299 165,634
Trade creditors 39,396 23,262
Amounts owed to group undertakings and undertakings in which the company has a participating interest 486,779 511,285
Other creditors 1 2,637
637,475 702,818
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 261,968 326,708
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years - 13,295
Secured bank loans 373,267 492,341
The bank loans are secured by a fixed and floating charges over the company's assets and undertaking.
9 Other information
Leaf Care Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4
St Benedicts View
Grapes Hill
Norwich
NR2 4HH
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