Company Registration No. 6679482 (England and Wales)
Lawnscience (Bristol) Limited
Unaudited accounts
for the year ended 31 August 2023
Lawnscience (Bristol) Limited
Unaudited accounts
Contents
Lawnscience (Bristol) Limited
Company Information
for the year ended 31 August 2023
Company Number
6679482 (England and Wales)
Registered Office
68 The Crescent
Henleaze
Bristol
BS9 4RR
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Lawnscience (Bristol) Limited
Statement of financial position
as at 31 August 2023
Tangible assets
15,207
6,217
Cash at bank and in hand
27,842
29,574
Creditors: amounts falling due within one year
(15,079)
(15,542)
Net current assets
21,757
20,840
Total assets less current liabilities
36,964
27,057
Provisions for liabilities
Deferred tax
(2,889)
(1,181)
Called up share capital
1
1
Profit and loss account
34,074
25,875
Shareholders' funds
34,075
25,876
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
R E Pullin
Director
Company Registration No. 6679482
Lawnscience (Bristol) Limited
Notes to the Accounts
for the year ended 31 August 2023
Lawnscience (Bristol) Limited is a private company, limited by shares, registered in England and Wales, registration number 6679482. The registered office is 68 The Crescent, Henleaze, Bristol, BS9 4RR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Franchise fees are being amortised evenly over their estimated useful life of 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
20% on reducing balance
Computer equipment
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lawnscience (Bristol) Limited
Notes to the Accounts
for the year ended 31 August 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
At 1 September 2022
11,120
At 1 September 2022
11,120
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
16,938
9,295
3,280
29,513
Additions
2,267
12,290
232
14,789
Disposals
(9,801)
(9,295)
(2,064)
(21,160)
At 31 August 2023
9,404
12,290
1,448
23,142
At 1 September 2022
14,762
5,487
3,047
23,296
Charge for the year
1,342
205
280
1,827
On disposals
(9,637)
(5,487)
(2,064)
(17,188)
At 31 August 2023
6,467
205
1,263
7,935
At 31 August 2023
2,937
12,085
185
15,207
At 31 August 2022
2,176
3,808
233
6,217
Lawnscience (Bristol) Limited
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
350
380
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,572
11,058
Other creditors
2,069
1,943
Loans from directors
24
539
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).