Registered number
08288659
Xanthe Quayle Landscape Architects Ltd
Filleted Accounts
30 November 2023
Xanthe Quayle Landscape Architects Ltd
Registered number: 08288659
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 502
Tangible assets 4 24,333 31,714
24,333 32,216
Current assets
Stocks 50,000 -
Debtors 5 33,961 87,317
Cash at bank and in hand 29,426 3,097
113,387 90,414
Creditors: amounts falling due within one year 6 (60,951) (52,603)
Net current assets 52,436 37,811
Total assets less current liabilities 76,769 70,027
Creditors: amounts falling due after more than one year 7 (12,185) (14,637)
Provisions for liabilities (1,528) (1,528)
Net assets 63,056 53,862
Capital and reserves
Called up share capital 103 103
Profit and loss account 62,953 53,759
Shareholder's funds 63,056 53,862
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
X Quayle
Director
Approved by the board on 30 July 2024
Xanthe Quayle Landscape Architects Ltd
Notes to the Accounts
for the year ended 30 November 2023
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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 44,342
At 30 November 2023 44,342
Amortisation
At 1 December 2022 43,840
Provided during the year 502
At 30 November 2023 44,342
Net book value
At 30 November 2023 -
At 30 November 2022 502
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 27,733 34,106 61,839
Additions 3,572 - 3,572
At 30 November 2023 31,305 34,106 65,411
Depreciation
At 1 December 2022 21,598 8,527 30,125
Charge for the year 2,427 8,526 10,953
At 30 November 2023 24,025 17,053 41,078
Net book value
At 30 November 2023 7,280 17,053 24,333
At 30 November 2022 6,135 25,579 31,714
5 Debtors 2023 2022
£ £
Trade debtors 16,367 76,209
Other debtors 17,594 11,108
33,961 87,317
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,889 7,889
Obligations under finance lease and hire purchase contracts 2,068 2,068
Trade creditors 23,443 5,645
Taxation and social security costs 27,551 37,000
Other creditors - 1
60,951 52,603
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,365 2,365
Obligations under finance lease and hire purchase contracts 9,820 12,272
12,185 14,637
8 Other information
Xanthe Quayle Landscape Architects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Globe Arts Studio
Carr Lane
Huddersfield
West Yorkshire
HD7 5AG
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