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REGISTERED NUMBER: 10398875 (England and Wales)


















Lawn Master UK Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Lawn Master UK Holdings Ltd (Registered number: 10398875)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lawn Master UK Holdings Ltd (Registered number: 10398875)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,934 33,902

CURRENT ASSETS
Stocks 5 23,200 20,500
Debtors 6 401,507 315,958
Cash at bank and in hand 790,476 905,879
1,215,183 1,242,337
CREDITORS
Amounts falling due within one year 7 367,630 443,260
NET CURRENT ASSETS 847,553 799,077
TOTAL ASSETS LESS CURRENT LIABILITIES 886,487 832,979

CAPITAL AND RESERVES
Called up share capital 8 157,350 157,350
Retained earnings 9 729,137 675,629
SHAREHOLDERS' FUNDS 886,487 832,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 22 February 2024 and were signed on its behalf by:





R Underhill - Director


Lawn Master UK Holdings Ltd (Registered number: 10398875)

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

1. STATUTORY INFORMATION

Lawn Master UK Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10398875

Registered office: Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Lawn Master UK Holdings Ltd (Registered number: 10398875)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 14,700 18,122 28,897 18,464 80,183
Additions 6,200 262 - 10,851 17,313
At 31 May 2023 20,900 18,384 28,897 29,315 97,496
DEPRECIATION
At 1 June 2022 11,212 11,513 8,565 14,991 46,281
Charge for year 2,422 1,721 2,435 5,703 12,281
At 31 May 2023 13,634 13,234 11,000 20,694 58,562
NET BOOK VALUE
At 31 May 2023 7,266 5,150 17,897 8,621 38,934
At 31 May 2022 3,488 6,609 20,332 3,473 33,902

5. STOCKS
31.5.23 31.5.22
£    £   
Stocks 23,200 20,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 401,507 315,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 110,689 101,027
Tax 67,630 75,939
VAT 24,268 30,125
Other creditors 99,958 95,438
Directors' current accounts 63,705 139,468
Accrued expenses 1,380 1,263
367,630 443,260

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
157,246 Preference £1 157,246 157,246
1 Ordinary A £1 1 1
157,350 157,350

Lawn Master UK Holdings Ltd (Registered number: 10398875)

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

9. RESERVES
Retained
earnings
£   

At 1 June 2022 675,629
Profit for the year 275,508
Dividends (222,000 )
At 31 May 2023 729,137