Registered number
09501911
Exeter Garden Maintenance Limited
Unaudited Filleted Accounts
31 March 2024
Exeter Garden Maintenance Limited
Registered number: 09501911
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,818 22,759
Current assets
Stocks 1,000 1,200
Debtors 4 28,123 15,108
Cash at bank and in hand 13,680 26,530
42,803 42,838
Creditors: amounts falling due within one year 5 (12,063) (29,274)
Net current assets 30,740 13,564
Total assets less current liabilities 57,558 36,323
Creditors: amounts falling due after more than one year 6 - (1,251)
Provisions for liabilities (5,095) (4,324)
Net assets 52,463 30,748
Capital and reserves
Called up share capital 2 2
Profit and loss account 52,461 30,746
Shareholders' funds 52,463 30,748
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Layton
Director
Approved by the board on 5 August 2024
Exeter Garden Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 43,469 14,375 57,844
Additions 9,187 5,498 14,685
At 31 March 2024 52,656 19,873 72,529
Depreciation
At 1 April 2023 25,772 9,313 35,085
Charge for the year 6,721 3,905 10,626
At 31 March 2024 32,493 13,218 45,711
Net book value
At 31 March 2024 20,163 6,655 26,818
At 31 March 2023 17,697 5,062 22,759
4 Debtors 2024 2023
£ £
Trade debtors 15,694 14,514
Other debtors 12,429 594
28,123 15,108
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,216 2,338
Trade creditors 2,064 826
Taxation and social security costs 7,694 11,122
Other creditors 1,089 14,988
12,063 29,274
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,251
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 700 1,900
8 Loans (to)/from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free, repayable on demand 6,171 (17,407) 5,786 (5,450)
Director
Interest free, repayable on demand 6,171 (17,407) 5,786 (5,450)
12,342 (34,814) 11,572 (10,900)
9 Other information
Exeter Garden Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 Latimer Road
Exeter
Devon
EX4 7JP
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