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REGISTERED NUMBER: 08302565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Eternal Lawns Ltd

Eternal Lawns Ltd (Registered number: 08302565)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Eternal Lawns Ltd (Registered number: 08302565)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,806 79,011

CURRENT ASSETS
Stocks 15,278 17,143
Debtors 5 17,883 162,080
Cash in hand 2,362 -
35,523 179,223
CREDITORS
Amounts falling due within one year 6 170,528 177,117
NET CURRENT (LIABILITIES)/ASSETS (135,005 ) 2,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,199

)

81,117

CREDITORS
Amounts falling due after more than one
year

7

(1,244

)

(94,748

)

PROVISIONS FOR LIABILITIES (11,693 ) (14,084 )
NET LIABILITIES (83,136 ) (27,715 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (83,236 ) (27,815 )
SHAREHOLDERS' FUNDS (83,136 ) (27,715 )

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

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

The directors acknowledge their 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.

Eternal Lawns Ltd (Registered number: 08302565)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:





L A Grayshon - Director


Eternal Lawns Ltd (Registered number: 08302565)

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

1. STATUTORY INFORMATION

Eternal Lawns Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08302565

Registered office: Eternal Lawns House
Bruntcliffe Road
Morley
Leeds
West Yorkshire
LS27 0LQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
Notwithstanding the fact that the company has net liabilities as at the balance sheet date, the directors consider that the financial statements should be presented on the going concern basis.

The directors conclude this on the basis that, whilst there is shrinkage and reorganization of its trading activity, there is a secondary source of future income in the company which is profitable and sustainable and will result in a return to overall profitability. In the interim period, the directors via other entities under their control are committed to assisting the company with its cashflow in the short term in order to meet the ongoing financial liabilities of the company as they fall due. Such loans will ultimately be repaid on the company's return to profitability.

Turnover
Turnover represents sales of goods and services net of value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Eternal Lawns Ltd (Registered number: 08302565)

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

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 98,377 9,934 149,250 257,561
DEPRECIATION
At 1 December 2022 46,897 5,933 125,720 178,550
Charge for year 7,722 600 5,883 14,205
At 30 November 2023 54,619 6,533 131,603 192,755
NET BOOK VALUE
At 30 November 2023 43,758 3,401 17,647 64,806
At 30 November 2022 51,480 4,001 23,530 79,011

Eternal Lawns Ltd (Registered number: 08302565)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 39,380
DEPRECIATION
At 1 December 2022
and 30 November 2023 39,380
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 11,615 27,548
Other debtors 6,268 134,532
17,883 162,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 96,996 108,667
Hire purchase contracts 7,220 14,864
Taxation and social security 63,740 53,516
Other creditors 2,572 70
170,528 177,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 1,080 87,364
Hire purchase contracts 164 7,384
1,244 94,748

8. RELATED PARTY DISCLOSURES

Amount due to related party as at 30th November 2023 was £1,072 (2022 - £70)