Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31652022-11-01falsefalseThe principal activity of the Company during the year was that of gardening and landscape services.72truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02166026 2022-11-01 2023-10-31 02166026 2021-11-01 2022-10-31 02166026 2023-10-31 02166026 2022-10-31 02166026 c:Director2 2022-11-01 2023-10-31 02166026 d:Buildings 2022-11-01 2023-10-31 02166026 d:Buildings 2023-10-31 02166026 d:Buildings 2022-10-31 02166026 d:Buildings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:PlantMachinery 2022-11-01 2023-10-31 02166026 d:PlantMachinery 2023-10-31 02166026 d:PlantMachinery 2022-10-31 02166026 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:MotorVehicles 2022-11-01 2023-10-31 02166026 d:MotorVehicles 2023-10-31 02166026 d:MotorVehicles 2022-10-31 02166026 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:FurnitureFittings 2022-11-01 2023-10-31 02166026 d:FurnitureFittings 2023-10-31 02166026 d:FurnitureFittings 2022-10-31 02166026 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:OfficeEquipment 2022-11-01 2023-10-31 02166026 d:OfficeEquipment 2023-10-31 02166026 d:OfficeEquipment 2022-10-31 02166026 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02166026 d:CurrentFinancialInstruments 2023-10-31 02166026 d:CurrentFinancialInstruments 2022-10-31 02166026 d:Non-currentFinancialInstruments 2023-10-31 02166026 d:Non-currentFinancialInstruments 2022-10-31 02166026 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02166026 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02166026 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 02166026 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 02166026 d:ShareCapital 2023-10-31 02166026 d:ShareCapital 2022-10-31 02166026 d:RetainedEarningsAccumulatedLosses 2023-10-31 02166026 d:RetainedEarningsAccumulatedLosses 2022-10-31 02166026 c:FRS102 2022-11-01 2023-10-31 02166026 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02166026 c:FullAccounts 2022-11-01 2023-10-31 02166026 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02166026 d:KeyManagementIndividualGroup1 d:OtherTransactionType1 2023-10-31 02166026 d:KeyManagementIndividualGroup1 d:OtherTransactionType1 2022-11-01 2023-10-31 02166026 d:KeyManagementIndividualGroup2 d:OtherTransactionType1 2022-11-01 2023-10-31 02166026 d:KeyManagementIndividualGroup2 d:OtherTransactionType1 2023-10-31 02166026 d:KeyManagementIndividualGroup3 d:OtherTransactionType1 2022-11-01 2023-10-31 02166026 d:KeyManagementIndividualGroup3 d:OtherTransactionType1 2023-10-31 02166026 2 2022-11-01 2023-10-31 02166026 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 02166026










EAST MIDLANDS LANDSCAPING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
EAST MIDLANDS LANDSCAPING LIMITED
REGISTERED NUMBER: 02166026

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
827,373
845,406

  
827,373
845,406

Current assets
  

Stocks
  
29,777
27,253

Debtors: amounts falling due within one year
 5 
2,300,799
2,244,954

Cash at bank and in hand
  
154,583
264,795

  
2,485,159
2,537,002

Creditors: amounts falling due within one year
 6 
(2,058,477)
(2,090,836)

Net current assets
  
 
 
426,682
 
 
446,166

Total assets less current liabilities
  
1,254,055
1,291,572

Creditors: amounts falling due after more than one year
 7 
(250,705)
(297,154)

Provisions for liabilities
  

Deferred tax
  
(76,224)
(77,363)

  
 
 
(76,224)
 
 
(77,363)

Net assets
  
927,126
917,055


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
927,026
916,955

  
927,126
917,055


Page 1

 
EAST MIDLANDS LANDSCAPING LIMITED
REGISTERED NUMBER: 02166026
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr J N King
Director

Date: 30 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

East Midlands Landscaping is a private company, limited by shares, domiciled in England and Wales, registration number 02166026.  The registered office is The Knoll, Leicester Road, Earl Shilton, Leicester, LE9 7TJ.
Principal activities
The principal activity of the Company during the year was that of gardening and landscaping services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is British Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line per annum
Plant & machinery
-
25% straight line per annum
Motor vehicles
-
25% straight line per annum
Fixtures & fittings
-
15% straight line per annum
Equipment
-
25% straight line per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 72 (2022 - 65).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures &  Fittings
Equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 November 2022
577,326
676,225
616,504
18,283
99,102
1,987,440


Additions
-
40,258
99,935
420
10,765
151,378


Disposals
-
(25,600)
(116,721)
-
-
(142,321)



At 31 October 2023

577,326
690,883
599,718
18,703
109,867
1,996,497



Depreciation


At 1 November 2022
73,572
532,630
435,953
14,523
85,356
1,142,034


Charge for the year
11,547
49,913
81,196
1,256
6,832
150,744


Disposals
-
(6,933)
(116,721)
-
-
(123,654)



At 31 October 2023

85,119
575,610
400,428
15,779
92,188
1,169,124



Net book value



At 31 October 2023
492,207
115,273
199,290
2,924
17,679
827,373



At 31 October 2022
503,754
143,595
180,551
3,760
13,746
845,406

Page 8

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
2,056,675
1,949,017

Directors loan accounts
57,626
76,833

Other debtors
185,648
200,192

Prepayments and accrued income
850
18,912

2,300,799
2,244,954



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
16,416
18,060

Trade creditors
1,659,600
1,750,519

Other creditors
17,499
24,094

Corporation tax
67,253
30,878

Other taxation and social security
70,120
60,441

Hire purchase agreements
100,872
109,192

Directors loan accounts
27,496
22,170

Accruals and deferred income
99,221
75,482

2,058,477
2,090,836


The Bank loans are secured on the Company's assets.
The Hire purchase agreements are secured on the assets to which they relate.

Page 9

 
EAST MIDLANDS LANDSCAPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
151,587
166,638

Hire purchase agreements
99,118
130,516

250,705
297,154


Included within Bank loans due after more than one year is £85,923 (2022 - £94,398) due in more than 5 years by instalments.
The bank loans are secured on the Company's assets.
The hire purchase agreements are secured on the assets to which they relate.


8.Other financial commitments

At the year end, the Company had total operating leases commitments amounting to £47,267 (2022 - £34,326)


9.


Transactions with directors

At the start of the year, a director owed £32,483 to the Company.  During the year, this director received advances of  £50,603 and made repayments of £64,460.  At the year end, this director owed £18,626 to the Company.
At the start of the year, another director owed £44,350 to the Company. During the year, this director received advances of £73,349 and made repayments £78,700. At the year end, this director owed  £38,999 to the Company.
At the start of the year, another director was owed £22,170 by the Company.  During the year, this director received advances of  £58,724 and made repayments of £64,050.  At the year end, this director was owed £27,496 by the Company.
Interest on overdrawn balances was charged at the official HMRC rate of interest.  All balances are repayable on demand.

 
Page 10