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REGISTERED NUMBER: 01741225 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GODDARDS (LANDSCAPE CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: W R Goddard
P Bassett





SECRETARY: P B Goddard





REGISTERED OFFICE: 3 Church Street
Odiham
Hook
Hampshire
RG29 1LU





REGISTERED NUMBER: 01741225 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,411 820,168
Investment property 5 390,000 390,000
1,213,411 1,210,168

CURRENT ASSETS
Stocks 479,532 543,406
Debtors 6 667,080 329,241
Cash at bank and in hand 1,077,651 1,153,598
2,224,263 2,026,245
CREDITORS
Amounts falling due within one year 7 435,518 546,865
NET CURRENT ASSETS 1,788,745 1,479,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,002,156

2,689,548

PROVISIONS FOR LIABILITIES 23,206 17,959
NET ASSETS 2,978,950 2,671,589

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 129,515 129,515
Retained earnings 2,848,435 2,541,074
SHAREHOLDERS' FUNDS 2,978,950 2,671,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





W R Goddard - Director


GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Goddards (Landscape Contractors) Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Investment property
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on gains at the rate expected to apply when the property is sold. Amounts credited to the fair value reserve are not subject to corporation tax.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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 26 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 762,540 323,267 1,085,807
Additions - 56,744 56,744
Disposals - (22,651 ) (22,651 )
At 31 August 2023 762,540 357,360 1,119,900
DEPRECIATION
At 1 September 2022 19,720 245,919 265,639
Charge for year 13,146 33,100 46,246
Eliminated on disposal - (15,396 ) (15,396 )
At 31 August 2023 32,866 263,623 296,489
NET BOOK VALUE
At 31 August 2023 729,674 93,737 823,411
At 31 August 2022 742,820 77,348 820,168

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 390,000
NET BOOK VALUE
At 31 August 2023 390,000
At 31 August 2022 390,000

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2013 31,332
Valuation in 2015 40,000
Valuation in 2016 15,000
Valuation in 2018 10,000
Valuation in 2022 40,000
Cost 253,668
390,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 253,668 253,668

Investment property was valued on a fair value basis on 21 November 2022 by the directors .

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 268,215 240,595
Other debtors 324,269 88,646
592,484 329,241

Amounts falling due after more than one year:
Other debtors 74,596 -

Aggregate amounts 667,080 329,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 222 -
Trade creditors 91,529 107,467
Taxation and social security 188,285 85,764
Other creditors 155,482 353,634
435,518 546,865

GODDARDS (LANDSCAPE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01741225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 222 -

The bank overdraft is secured by a mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

9. RESERVES
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 129,515

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
W R Goddard
Balance outstanding at start of year - -
Amounts advanced 221,024 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 221,024 -

The company's bank borrowings are secured by a first legal charge over business and residential property owned by Mr W R Goddard, a director of the company.

The Directors' Loan account is subject to interest at 3%.