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Registration number: 09312567

Munro Weed Control Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Munro Weed Control Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Munro Weed Control Limited

Company Information





 

Director




 

Mr Stephen Munro

Registered office





 

Ashtree Cottage
Royd Road
Meltham
Holmfirth
West Yorkshire
HD9 4BG

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Munro Weed Control Limited

Director's Report
for the Year Ended 30 November 2023

The director presents his report and the financial statements for the year ended 30 November 2023.

Director of the company

The director who held office during the year was as follows:

Mr Stephen Munro

Principal activity

The principal activity of the company is weed control.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 1 August 2024
 

.........................................
Mr Stephen Munro
Director

 

Munro Weed Control Limited

(Registration number: 09312567 )
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

114,302

102,015

Current assets

 

Stocks

5

4,250

9,750

Debtors

6

40,503

26,830

Cash at bank and in hand

 

319,205

330,651

 

363,958

367,231

Creditors: Amounts falling due within one year

7

(81,561)

(97,136)

Net current assets

 

282,397

270,095

Total assets less current liabilities

 

396,699

372,110

Creditors: Amounts falling due after more than one year

7

(27,882)

(35,486)

Net assets

 

368,817

336,624

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

368,816

336,623

Shareholders' funds

 

368,817

336,624

For the financial year ending 30 November 2023 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 1 August 2024
 

 

Munro Weed Control Limited

(Registration number: 09312567 )
Balance Sheet as at 30 November 2023

.........................................
Mr Stephen Munro
Director

 

Munro Weed Control Limited

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

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:
Ashtree Cottage
Royd Road
Meltham
Holmfirth
West Yorkshire
HD9 4BG
United Kingdom

These financial statements were authorised for issue by the director on 1 August 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 financial statements have been prepared on a going concern basis.

Turnover

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.

 

Munro Weed Control Limited

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

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Improvements to property

10% on reducing balance

Tools and equipment

25% on reducing balance

Motor vehicles, trailers and quad bikes

25% on reducing balance

Office furniture and equipment

20% on reducing balance

Stocks

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

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.

 

Munro Weed Control Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Munro Weed Control Limited

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

4

Tangible assets

Improvements to property
£

Tools and equipment
£

Office furniture and equipment
£

Motor vehicles, trailers and quad bikes
 £

Cost or valuation

At 1 December 2022

2,715

5,697

4,415

161,537

Additions

17,050

1,818

-

49,408

Disposals

-

-

-

(46,083)

At 30 November 2023

19,765

7,515

4,415

164,862

Depreciation

At 1 December 2022

1,339

3,956

2,593

64,461

Charge for the year

1,843

890

364

31,473

Eliminated on disposal

-

-

-

(24,664)

At 30 November 2023

3,182

4,846

2,957

71,270

Carrying amount

At 30 November 2023

16,583

2,669

1,458

93,592

At 30 November 2022

1,376

1,741

1,822

97,076

 

Munro Weed Control Limited

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

Total
£

Cost or valuation

At 1 December 2022

174,364

Additions

68,276

Disposals

(46,083)

At 30 November 2023

196,557

Depreciation

At 1 December 2022

72,349

Charge for the year

34,570

Eliminated on disposal

(24,664)

At 30 November 2023

82,255

Carrying amount

At 30 November 2023

114,302

At 30 November 2022

102,015

5

Stocks

2023
£

2022
£

Other inventories

4,250

9,750

6

Debtors

Current

2023
£

2022
£

Trade debtors

39,903

26,230

Prepayments

600

600

 

40,503

26,830

 

Munro Weed Control Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

24,884

10,375

Taxation and social security

 

34,982

59,806

Accruals and deferred income

 

1,350

1,290

Other creditors

 

20,345

25,665

 

81,561

97,136

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

27,882

35,486

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         
 

Munro Weed Control Limited

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

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

27,882

35,486

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

24,884

10,375