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Registration number: 09315393

Hammersmith and Chiswick Landscapes Ltd

Annual Report and Unaudited Financial Statements Year Ended 31 March 2023

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Chartered Accountants

 

Hammersmith and Chiswick Landscapes Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 10

 

Hammersmith and Chiswick Landscapes Ltd

Company Information

Directors

Mr Piotr Jaslowski

Mr Sam Diment

Sharon Narwell

Registered office

261A Chiswick High Road
London
W4 4PU

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hammersmith and Chiswick Landscapes Ltdfor the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hammersmith and Chiswick Landscapes Ltd for the year ended 31 March 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Hammersmith and Chiswick Landscapes Ltd, as a body, in accordance with the terms of our engagement letter dated 1 December 2014. Our work has been undertaken solely to prepare for your approval the accounts of Hammersmith and Chiswick Landscapes Ltd and state those matters that we have agreed to state to the Board of Directors of Hammersmith and Chiswick Landscapes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hammersmith and Chiswick Landscapes Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hammersmith and Chiswick Landscapes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hammersmith and Chiswick Landscapes Ltd. You consider that Hammersmith and Chiswick Landscapes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hammersmith and Chiswick Landscapes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

9 February 2024

 

Hammersmith and Chiswick Landscapes Ltd

(Registration number: 09315393)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

59,708

 

62,258

Current assets

   

 

Stocks

5

48,217

 

33,482

 

Debtors

6

86,229

 

115,573

 

Cash at bank and in hand

 

576,982

 

415,241

 

 

711,428

 

564,296

 

Creditors: Amounts falling due within one year

7

(427,439)

 

(271,983)

 

Net current assets

   

283,989

 

292,313

Total assets less current liabilities

   

343,697

 

354,571

Creditors: Amounts falling due after more than one year

7

 

(33,296)

 

(60,119)

Provisions for liabilities

 

(11,325)

 

(11,479)

Net assets

   

299,076

 

282,973

Capital and reserves

   

 

Called up share capital

8

102

 

101

 

Profit and loss account

298,974

 

282,872

 

Shareholders' funds

   

299,076

 

282,973

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 February 2024 and signed on its behalf by:
 



Mr Sam Diment
Director

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
261A Chiswick High Road
London
W4 4PU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2022 - 20).

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

7,084

6,959

113,776

127,819

Additions

-

-

20,210

20,210

Disposals

-

(3,099)

(4,000)

(7,099)

At 31 March 2023

7,084

3,860

129,986

140,930

Depreciation

At 1 April 2022

3,486

3,107

58,968

65,561

Charge for the year

899

382

18,621

19,902

Eliminated on disposal

-

(775)

(3,466)

(4,241)

At 31 March 2023

4,385

2,714

74,123

81,222

Carrying amount

At 31 March 2023

2,699

1,146

55,863

59,708

At 31 March 2022

3,598

3,852

54,808

62,258

5

Stocks

2023
£

2022
£

Work in progress

48,217

33,482

6

Debtors

Current

2023
£

2022
£

Trade debtors

42,631

104,312

Prepayments

2,500

2,500

Other debtors

41,098

8,761

 

86,229

115,573

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

28,215

28,215

Trade creditors

 

101,212

122,047

Taxation and social security

 

103,019

61,250

Accruals and deferred income

 

2,500

1,500

Other creditors

 

192,493

58,971

 

427,439

271,983

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

33,296

60,119

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary 'A' share of £1 each

1

1

1

1

Ordinary 'B' share of £1 each

1

1

-

-

 

102

102

101

101

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,867

29,907

Other borrowings

12,429

30,212

33,296

60,119

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,800

10,800

Other borrowings

17,415

17,415

28,215

28,215

Included in other borrowings is £28,845 in respect of Hire purchase liabilities which are secured againts the assets purchased under the HP agreements.

10

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £1,774.00 (2022 - £1,612.00) per each Ordinary shares

 

177,427

 

161,200

Interim dividend of £21,129.00 (2022 - £35,132.00) per each Ordinary 'A' share

 

21,129

 

35,132

   

198,556

 

196,332

 

Hammersmith and Chiswick Landscapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

11

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr Piotr Jaslowski

Directors loan

-

20,680

20,680

       
     

Sharon Narwell

Directors loan

-

14,709

14,709

       
     

 

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

80,790

71,962

Contributions paid to money purchase schemes

24,000

14,000

104,790

85,962