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REGISTERED NUMBER: 10907682 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: K W Holmes
R M Holmes
Mrs K T Holmes





SECRETARY: Mrs K T Holmes





REGISTERED OFFICE: 26 Singer Way
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7AE





REGISTERED NUMBER: 10907682 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,935 212,716

CURRENT ASSETS
Stocks 23,000 46,450
Debtors 5 96,405 108,865
Cash at bank and in hand 156,406 181,520
275,811 336,835
CREDITORS
Amounts falling due within one year 6 295,017 256,738
NET CURRENT (LIABILITIES)/ASSETS (19,206 ) 80,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,729

292,813

CREDITORS
Amounts falling due after more than one
year

7

(80,520

)

(138,706

)

PROVISIONS FOR LIABILITIES (32,288 ) (40,417 )
NET ASSETS 37,921 113,690

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 37,818 113,587
37,921 113,690

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.

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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 17 January 2024 and were signed on its behalf by:





Mrs K T Holmes - Director


ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


1. STATUTORY INFORMATION

Artificial Grass & Turf Solutions 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 160,993 14,778 205,816 381,587
Additions 9,742 3,008 - 12,750
Disposals (2,091 ) - - (2,091 )
At 31 August 2023 168,644 17,786 205,816 392,246
DEPRECIATION
At 1 September 2022 90,480 9,557 68,834 168,871
Charge for year 19,026 1,601 34,245 54,872
Eliminated on disposal (1,432 ) - - (1,432 )
At 31 August 2023 108,074 11,158 103,079 222,311
NET BOOK VALUE
At 31 August 2023 60,570 6,628 102,737 169,935
At 31 August 2022 70,513 5,221 136,982 212,716

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 64,050 99,834 163,884
Transfer to ownership (17,500 ) - (17,500 )
At 31 August 2023 46,550 99,834 146,384
DEPRECIATION
At 1 September 2022 32,819 5,552 38,371
Charge for year 6,001 23,570 29,571
Transfer to ownership (10,271 ) - (10,271 )
At 31 August 2023 28,549 29,122 57,671
NET BOOK VALUE
At 31 August 2023 18,001 70,712 88,713
At 31 August 2022 31,231 94,282 125,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,974 31,864
Other debtors 16,307 16,286
Directors' current accounts 39,978 39,098
Tax 12,397 12,397
Prepayments and accrued income 4,749 9,220
96,405 108,865

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 28,601 27,066
Hire purchase contracts (see note 9) 29,585 29,848
Trade creditors 125,278 83,210
Tax 8,190 2,923
Social security and other taxes 3,362 2,556
VAT 33,155 34,098
Directors' current accounts 50,241 50,506
Accrued expenses 16,605 26,531
295,017 256,738

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 51,756 80,357
Hire purchase contracts (see note 9) 28,764 58,349
80,520 138,706

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 28,601 27,066

Amounts falling due between one and two years:
Bank loans - 1-2 years 30,135 28,601

Amounts falling due between two and five years:
Bank loans - 2-5 years 21,621 51,756

The £100,000 loan is guaranteed by Kevin Holmes, Karen Holmes and Ryan Holmes.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 29,585 29,848
Between one and five years 28,764 58,349
58,349 88,197

Non-cancellable operating leases
2023 2022
£    £   
Within one year 31,571 45,143
Between one and five years 29,608 60,857
61,179 106,000

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


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
£    £   
R M Holmes
Balance outstanding at start of year 39,099 -
Amounts advanced 879 39,099
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,978 39,099