Artificial Supergrass Sales Limited 11880698 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is is the sale of artifical grass Digita Accounts Production Advanced 6.30.9574.0 true true 11880698 2023-04-01 2024-03-31 11880698 2024-03-31 11880698 core:RetainedEarningsAccumulatedLosses 2024-03-31 11880698 core:ShareCapital 2024-03-31 11880698 core:CurrentFinancialInstruments 2024-03-31 11880698 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11880698 core:Non-currentFinancialInstruments 2024-03-31 11880698 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11880698 core:FurnitureFittingsToolsEquipment 2024-03-31 11880698 core:MotorVehicles 2024-03-31 11880698 bus:SmallEntities 2023-04-01 2024-03-31 11880698 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11880698 bus:FilletedAccounts 2023-04-01 2024-03-31 11880698 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11880698 bus:RegisteredOffice 2023-04-01 2024-03-31 11880698 bus:Director1 2023-04-01 2024-03-31 11880698 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11880698 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11880698 core:MotorVehicles 2023-04-01 2024-03-31 11880698 core:OfficeEquipment 2023-04-01 2024-03-31 11880698 core:PlantMachinery 2023-04-01 2024-03-31 11880698 countries:EnglandWales 2023-04-01 2024-03-31 11880698 2023-03-31 11880698 core:FurnitureFittingsToolsEquipment 2023-03-31 11880698 core:MotorVehicles 2023-03-31 11880698 2022-04-01 2023-03-31 11880698 2023-03-31 11880698 core:RetainedEarningsAccumulatedLosses 2023-03-31 11880698 core:ShareCapital 2023-03-31 11880698 core:CurrentFinancialInstruments 2023-03-31 11880698 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11880698 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-03-31 11880698 core:Non-currentFinancialInstruments 2023-03-31 11880698 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11880698 core:FurnitureFittingsToolsEquipment 2023-03-31 11880698 core:MotorVehicles 2023-03-31 11880698 core:PreviouslyStatedAmount 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11880698

Artificial Supergrass Sales Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Artificial Supergrass Sales Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Artificial Supergrass Sales Limited

(Registration number: 11880698)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,510

27,977

Current assets

 

Stocks

5

121,564

73,080

Debtors

6

6,448

7,229

Cash at bank and in hand

 

33,714

56,454

 

161,726

136,763

Creditors: Amounts falling due within one year

7

(179,018)

(200,500)

Net current liabilities

 

(17,292)

(63,737)

Total assets less current liabilities

 

6,218

(35,760)

Creditors: Amounts falling due after more than one year

7

(11,667)

(21,667)

Provisions for liabilities

(2,263)

-

Net liabilities

 

(7,712)

(57,427)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(7,713)

(57,428)

Shareholders' deficit

 

(7,712)

(57,427)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 July 2024
 

 

Artificial Supergrass Sales Limited

(Registration number: 11880698)
Balance Sheet as at 31 March 2024

.........................................
Mr N E G Conway
Director

 

Artificial Supergrass Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Carrside Park
Woodhouse Lane
Doncaster
South Yorkshire
DN7 6AZ

These financial statements were authorised for issue by the director on 15 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts are prepared on the going concern basis but for the reasons set out in the directors report this may not be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Artificial Supergrass Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Office equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Artificial Supergrass Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 3).

 

Artificial Supergrass Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

18,850

24,000

42,850

Additions

3,351

-

3,351

At 31 March 2024

22,201

24,000

46,201

Depreciation

At 1 April 2023

10,873

4,000

14,873

Charge for the year

2,818

5,000

7,818

At 31 March 2024

13,691

9,000

22,691

Carrying amount

At 31 March 2024

8,510

15,000

23,510

At 31 March 2023

7,977

20,000

27,977

5

Stocks

2024
£

2023
£

Other inventories

121,564

73,080

6

Debtors

2024
£

2023
£

Trade debtors

858

4,796

Other debtors

3,406

71

Prepayments

2,184

2,362

6,448

7,229

 

Artificial Supergrass Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

82,431

74,324

Amounts owed to related parties

86,550

112,535

Taxation and social security

 

-

267

Other creditors

 

26

2,056

Accrued expenses

 

11

1,318

 

179,018

200,500

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

11,667

21,667

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

11,667

21,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000