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REGISTERED NUMBER: 04522994 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

K B Landscapes Ltd

K B Landscapes Ltd (Registered number: 04522994)






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


K B Landscapes Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: K Bains





SECRETARY: Mrs I Bains





REGISTERED OFFICE: 1 Market Square
High Street
Cradley Heath
West Midlands
B64 5HH





REGISTERED NUMBER: 04522994 (England and Wales)





ACCOUNTANTS: Concept Accountancy Services Ltd
1 Market Square
High Street
Cradley Heath
West Midlands
B64 5HH

K B Landscapes Ltd (Registered number: 04522994)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 750 1,125
Tangible assets 5 20,088 28,123
20,838 29,248

CURRENT ASSETS
Stocks 850 975
Debtors 6 7,144 -
Cash at bank and in hand 52,351 34,151
60,345 35,126
CREDITORS
Amounts falling due within one year 7 69,410 73,896
NET CURRENT LIABILITIES (9,065 ) (38,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,773

(9,522

)

CREDITORS
Amounts falling due after more than one
year

8

(4,034

)

(8,795

)

PROVISIONS FOR LIABILITIES 9 (3,817 ) (175 )
NET ASSETS/(LIABILITIES) 3,922 (18,492 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,822 (18,592 )
SHAREHOLDERS' FUNDS 3,922 (18,492 )

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 director acknowledges his 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.

K B Landscapes Ltd (Registered number: 04522994)

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 director and authorised for issue on 10 April 2024 and were signed by:





K Bains - Director


K B Landscapes Ltd (Registered number: 04522994)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

K B Landscapes Ltd 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost

Government grants
Government grants are recognised at their fair value received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognised using the accruals model and where relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate. Grants including business rates relief funding and JRS furlough grants, that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised as income for the period in which they become receivable.

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


K B Landscapes Ltd (Registered number: 04522994)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

Financial instruments and equity instruments.
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

K B Landscapes Ltd (Registered number: 04522994)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 7,500
AMORTISATION
At 1 September 2022 6,375
Charge for year 375
At 31 August 2023 6,750
NET BOOK VALUE
At 31 August 2023 750
At 31 August 2022 1,125

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 133,342 623 133,965
DEPRECIATION
At 1 September 2022 105,219 623 105,842
Charge for year 8,035 - 8,035
At 31 August 2023 113,254 623 113,877
NET BOOK VALUE
At 31 August 2023 20,088 - 20,088
At 31 August 2022 28,123 - 28,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 7,144 -

K B Landscapes Ltd (Registered number: 04522994)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 2,200 2,200
Hire purchase contracts 2,562 4,392
Trade creditors 1,022 914
Taxation and social security 1,616 3,462
Other creditors 62,010 62,928
69,410 73,896

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 4,034 6,233
Hire purchase contracts - 2,562
4,034 8,795

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 3,817 175

Deferred
tax
£   
Balance at 1 September 2022 175
Provided during year 3,642
Balance at 31 August 2023 3,817

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Bains.