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REGISTERED NUMBER: 07778684 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2023

for

LOCAL LAWNS LIMITED

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LOCAL LAWNS LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A J Rodwell





SECRETARY: Mrs H Rodwell





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 07778684 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,482 10,496

CURRENT ASSETS
Debtors 5 11,979 3,301
Cash at bank 15,483 37,038
27,462 40,339
CREDITORS
Amounts falling due within one year 6 11,842 16,125
NET CURRENT ASSETS 15,620 24,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,102

34,710

CREDITORS
Amounts falling due after more than one
year

7

(6,763

)

(6,763

)

PROVISIONS FOR LIABILITIES 8 (1,802 ) (1,994 )
NET ASSETS 19,537 25,953

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 19,337 25,753
SHAREHOLDERS' FUNDS 19,537 25,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Statement of Financial Position - continued
30 September 2023


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 director and authorised for issue on 26 July 2024 and were signed by:





A J Rodwell - Director


LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Local Lawns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 41,581 1,472 43,053
Additions 5,147 - 5,147
At 30 September 2023 46,728 1,472 48,200
DEPRECIATION
At 1 October 2022 31,664 893 32,557
Charge for year 3,144 17 3,161
At 30 September 2023 34,808 910 35,718
NET BOOK VALUE
At 30 September 2023 11,920 562 12,482
At 30 September 2022 9,917 579 10,496

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 October 2022
and 30 September 2023 23,795
DEPRECIATION
At 1 October 2022 20,619
Charge for year 794
At 30 September 2023 21,413
NET BOOK VALUE
At 30 September 2023 2,382
At 30 September 2022 3,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 3,301 3,301
Directors' current accounts 8,678 -
11,979 3,301

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,358 1,357
Taxation and social security 1,969 3,078
Other creditors 8,515 11,690
11,842 16,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Finance leases 6,763 6,763

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 1,802 1,994

Deferred
tax
£   
Balance at 1 October 2022 1,994
Provided during year (192 )
Balance at 30 September 2023 1,802

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100
100 Ordinary 'B' Shares £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 October 2022 25,753
Profit for the year 10,584
Dividends (17,000 )
At 30 September 2023 19,337

LOCAL LAWNS LIMITED (REGISTERED NUMBER: 07778684)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
A J Rodwell
Balance outstanding at start of year (257 ) (705 )
Amounts advanced 25,465 7,308
Amounts repaid (16,530 ) (6,860 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,678 (257 )

The Director's loan is interest free and repayable on demand.

The loan was repaid within 9 months of the year end.

12. RELATED PARTY DISCLOSURES

The Company remained under the control of it's Director.