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COMPANY REGISTRATION NUMBER: 04880475
Foster Horticulture Landscape Management Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Foster Horticulture Landscape Management Limited
Abridged Financial Statements
Year Ended 31 March 2024
Contents
Pages
Officers and professional advisers
1
Abridged statement of financial position
2 to 3
Notes to the abridged financial statements
4 to 5
Foster Horticulture Landscape Management Limited
Officers and Professional Advisers
The board of directors
Mr R G Foster
Mrs M Foster
Company secretary
Mrs M Foster
Registered office
88 High Street
Ramsey
Huntingdon
Cambridgeshire
England
PE26 1BS
Accountants
SR Howell & Co
Chartered Certified Accountants
88 High Street
Ramsey
Huntingdon
Cambs
PE26 1BS
Foster Horticulture Landscape Management Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
33,483
42,431
Current assets
Stocks
240
240
Debtors
22,516
16,418
Cash at bank and in hand
2,883
--------
--------
22,756
19,541
Creditors: amounts falling due within one year
( 41,960)
( 37,472)
--------
--------
Net current liabilities
( 19,204)
( 17,931)
--------
--------
Total assets less current liabilities
14,279
24,500
Creditors: amounts falling due after more than one year
( 16,675)
( 28,125)
--------
--------
Net liabilities
( 2,396)
( 3,625)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,496)
( 3,725)
-------
-------
Shareholders deficit
( 2,396)
( 3,625)
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Foster Horticulture Landscape Management Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 1 August 2024 , and are signed on behalf of the board by:
„„„„„„„„„„„„„
Mr R G Foster Director
Company registration number: 04880475
Foster Horticulture Landscape Management Limited
Notes to the Abridged Financial Statements
Year Ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 88 High Street, Ramsey, Huntingdon, Cambridgeshire, PE26 1BS, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
3.1 Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
3.2 Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
3.3 Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
3.4 Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25-33% Reducing balance
3.5 Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3.6 Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
3.7 Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tangible assets
£
Cost
At 1 April 2023
139,085
Additions
977
---------
At 31 March 2024
140,062
---------
Depreciation
At 1 April 2023
96,654
Charge for the year
9,925
---------
At 31 March 2024
106,579
---------
Carrying amount
At 31 March 2024
33,483
---------
At 31 March 2023
42,431
---------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Two directors
( 8,916)
( 2,045)
( 10,961)
-------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Two directors
( 10,557)
1,641
( 8,916)
--------
-------
-------