Company Registration No. 8878790 (England and Wales)
Lawnscience North Worcestershire Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Lawnscience North Worcestershire Ltd
Unaudited accounts
Contents
Lawnscience North Worcestershire Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
8878790 (England and Wales)
Registered Office
Moreton House
31, High Street,
Buckingham,
Buckinghamshire
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Lawnscience North Worcestershire Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
47,930
54,873
Cash at bank and in hand
12,331
11,805
Creditors: amounts falling due within one year
(20,660)
(18,177)
Net current assets
2,050
3,958
Total assets less current liabilities
49,980
58,831
Creditors: amounts falling due after more than one year
(31,929)
(35,720)
Provisions for liabilities
Deferred tax
(9,062)
(10,443)
Called up share capital
2
2
Profit and loss account
8,987
12,666
Shareholders' funds
8,989
12,668
For the period ending 28 February 2024 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 12 March 2024 and were signed on its behalf by
S P Harrison
Director
Company Registration No. 8878790
Lawnscience North Worcestershire Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Lawnscience North Worcestershire Ltd is a private company, limited by shares, registered in England and Wales, registration number 8878790. The registered office is Moreton House, 31, High Street,, Buckingham,, Buckinghamshire, MK18 1NU.
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 period, 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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
15% on reducing balance
Motor vehicles
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
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.
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.
Lawnscience North Worcestershire Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 March 2023
16,289
2,285
18,574
At 28 February 2024
16,289
2,285
18,574
At 1 March 2023
16,289
2,285
18,574
At 28 February 2024
16,289
2,285
18,574
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
14,085
70,927
1,087
3,807
89,906
Additions
272
-
-
1,389
1,661
At 28 February 2024
14,357
70,927
1,087
5,196
91,567
At 1 March 2023
8,923
22,782
612
2,716
35,033
Charge for the period
815
7,222
71
496
8,604
At 28 February 2024
9,738
30,004
683
3,212
43,637
At 28 February 2024
4,619
40,923
404
1,984
47,930
At 28 February 2023
5,162
48,145
475
1,091
54,873
Lawnscience North Worcestershire Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
Accrued income and prepayments
1,041
-
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,791
3,791
Taxes and social security
7,452
7,833
Other creditors
1,274
1,720
Loans from directors
1,044
767
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
31,929
35,720
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).