M & A Landscaping Limited SC625619 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of landscaping services. Digita Accounts Production Advanced 6.30.9574.0 true SC625619 2023-04-01 2024-03-31 SC625619 2024-03-31 SC625619 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 SC625619 core:CurrentFinancialInstruments 2024-03-31 SC625619 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC625619 core:OtherResidualIntangibleAssets 2024-03-31 SC625619 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 SC625619 core:MotorVehicles 2024-03-31 SC625619 core:OfficeEquipment 2024-03-31 SC625619 core:PlantMachinery 2024-03-31 SC625619 bus:SmallEntities 2023-04-01 2024-03-31 SC625619 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC625619 bus:FilletedAccounts 2023-04-01 2024-03-31 SC625619 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC625619 bus:RegisteredOffice 2023-04-01 2024-03-31 SC625619 bus:Director1 2023-04-01 2024-03-31 SC625619 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC625619 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 SC625619 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 SC625619 core:ComputerEquipment 2023-04-01 2024-03-31 SC625619 core:LandBuildings 2023-04-01 2024-03-31 SC625619 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC625619 core:MotorVehicles 2023-04-01 2024-03-31 SC625619 core:OfficeEquipment 2023-04-01 2024-03-31 SC625619 core:PlantMachinery 2023-04-01 2024-03-31 SC625619 countries:Scotland 2023-04-01 2024-03-31 SC625619 2023-03-31 SC625619 core:OtherResidualIntangibleAssets 2023-03-31 SC625619 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 SC625619 core:MotorVehicles 2023-03-31 SC625619 core:OfficeEquipment 2023-03-31 SC625619 core:PlantMachinery 2023-03-31 SC625619 2022-04-01 2023-03-31 SC625619 2023-03-31 SC625619 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 SC625619 core:CurrentFinancialInstruments 2023-03-31 SC625619 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC625619 core:OtherResidualIntangibleAssets 2023-03-31 SC625619 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 SC625619 core:MotorVehicles 2023-03-31 SC625619 core:OfficeEquipment 2023-03-31 SC625619 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC625619

M & A Landscaping Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

M & A Landscaping Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

M & A Landscaping Limited

(Registration number: SC625619)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

90,000

105,000

Tangible assets

5

65,861

78,563

 

155,861

183,563

Current assets

 

Debtors

6

22,734

18,695

Cash at bank and in hand

 

51,172

11,709

 

73,906

30,404

Creditors: Amounts falling due within one year

7

(120,388)

(73,134)

Net current liabilities

 

(46,482)

(42,730)

Total assets less current liabilities

 

109,379

140,833

Provisions for liabilities

(13,002)

(12,669)

Net assets

 

96,377

128,164

Capital and reserves

 

Called up share capital

2

2

Retained earnings

96,375

128,162

Shareholders' funds

 

96,377

128,164

 

M & A Landscaping Limited

(Registration number: SC625619)
Balance Sheet as at 31 March 2024

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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2024 and signed on its behalf by:
 

.........................................
Mr Cameron Herdsman
Director

 

M & A Landscaping 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 Scotland.

The address of its registered office is:
SK Tax & Accounts Ltd
1A Craigs Avenue
Edinburgh
EH12 8HP

These financial statements were authorised for issue by the Board on 4 September 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.

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 current and 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.

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.

 

M & A Landscaping 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

Workshop

2% straight line

Plant and Machinery

15% straight line

Computer equipment

33.3% straight line

Motor vehicles

15% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Customer list

10% 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.

 

M & A Landscaping 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.

Leases

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 7).

 

M & A Landscaping Limited

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

150,000

150,000

At 31 March 2024

150,000

150,000

Amortisation

At 1 April 2023

45,000

45,000

Amortisation charge

15,000

15,000

At 31 March 2024

60,000

60,000

Carrying amount

At 31 March 2024

90,000

90,000

At 31 March 2023

105,000

105,000

 

M & A Landscaping Limited

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

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

10,157

54,960

2,965

58,480

126,562

Additions

-

2,888

225

-

3,113

At 31 March 2024

10,157

57,848

3,190

58,480

129,675

Depreciation

At 1 April 2023

812

29,354

2,591

15,242

47,999

Charge for the year

203

8,677

449

6,486

15,815

At 31 March 2024

1,015

38,031

3,040

21,728

63,814

Carrying amount

At 31 March 2024

9,142

19,817

150

36,752

65,861

At 31 March 2023

9,345

25,606

374

43,238

78,563

Included within the net book value of land and buildings above is £9,142 (2023 - £9,345) in respect of freehold land and buildings.
 

 

M & A Landscaping Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

22,734

18,695

 

22,734

18,695

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

29,874

35,997

Trade creditors

 

592

8,760

Taxation and social security

 

36,850

21,893

Accruals and deferred income

 

3,845

2,865

Other creditors

 

7,608

3,610

Directors' loan

 

41,619

9

 

120,388

73,134

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

29,874

34,558

Hire purchase contracts

-

1,439

29,874

35,997