IRIS Accounts Production v24.2.0.383 SC092307 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0923072022-12-31SC0923072023-12-31SC0923072023-01-012023-12-31SC0923072021-12-31SC0923072022-01-012022-12-31SC0923072022-12-31SC092307ns15:Scotland2023-01-012023-12-31SC092307ns14:PoundSterling2023-01-012023-12-31SC092307ns10:Director12023-01-012023-12-31SC092307ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC092307ns10:SmallEntities2023-01-012023-12-31SC092307ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC092307ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC092307ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC092307ns10:FullAccounts2023-01-012023-12-31SC09230712023-01-012023-12-31SC092307ns10:Director22023-01-012023-12-31SC092307ns10:Director32023-01-012023-12-31SC092307ns10:Director42023-01-012023-12-31SC092307ns10:RegisteredOffice2023-01-012023-12-31SC092307ns5:CurrentFinancialInstruments2023-12-31SC092307ns5:CurrentFinancialInstruments2022-12-31SC092307ns5:Non-currentFinancialInstruments2023-12-31SC092307ns5:Non-currentFinancialInstruments2022-12-31SC092307ns5:ShareCapital2023-12-31SC092307ns5:ShareCapital2022-12-31SC092307ns5:RetainedEarningsAccumulatedLosses2023-12-31SC092307ns5:RetainedEarningsAccumulatedLosses2022-12-31SC092307ns5:NetGoodwill2023-01-012023-12-31SC092307ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC092307ns5:LandBuildings2023-01-012023-12-31SC092307ns5:PlantMachinery2023-01-012023-12-31SC092307ns5:NetGoodwill2022-12-31SC092307ns5:NetGoodwill2023-12-31SC092307ns5:NetGoodwill2022-12-31SC092307ns5:LandBuildings2022-12-31SC092307ns5:PlantMachinery2022-12-31SC092307ns5:LandBuildings2023-12-31SC092307ns5:PlantMachinery2023-12-31SC092307ns5:LandBuildings2022-12-31SC092307ns5:PlantMachinery2022-12-31SC092307ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC092307ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-31SC092307ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-31SC092307ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC092307ns5:CostValuation2022-12-31SC092307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC092307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC092307 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GP Plantscape Limited

GP Plantscape Limited (Registered number: SC092307)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

GP Plantscape Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Gilchrist
J T Gilchrist
Mrs A C Gilchrist
R Murphy





REGISTERED OFFICE: The Pleasance
Kirkfieldbank
Lanark
ML11 9TG





REGISTERED NUMBER: SC092307 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

GP Plantscape Limited (Registered number: SC092307)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 35,350 55,549
Tangible assets 6 1,046,292 1,063,433
Investments 7 64,785 64,785
1,146,427 1,183,767

CURRENT ASSETS
Stocks 299,943 261,523
Debtors 8 1,474,053 1,355,476
Cash at bank and in hand 1,021,685 597,168
2,795,681 2,214,167
CREDITORS
Amounts falling due within one year 9 983,766 815,283
NET CURRENT ASSETS 1,811,915 1,398,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,958,342

2,582,651

CREDITORS
Amounts falling due after more than one
year

10

(1,773

)

(55,153

)

PROVISIONS FOR LIABILITIES (124,766 ) (124,896 )
NET ASSETS 2,831,803 2,402,602

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 2,731,803 2,302,602
SHAREHOLDERS' FUNDS 2,831,803 2,402,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

GP Plantscape Limited (Registered number: SC092307)

Balance Sheet - continued
31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





J T Gilchrist - Director


GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GP Plantscape Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about GP Plantscape Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is derived from interior and exterior landscaping services supplied by the company.

Turnover is measured at the fair value of interior and exterior landscaping services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

At each balance sheet date, the company reviews the carrying amounts 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. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £2,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Government grants
Grants considered to be revenue in nature are credited to the profit and loss account in the period to which they relate. Grants of a capital nature are reflected as deferred income in the balance sheet and released to the profit and loss account over the estimated useful life of the assets to which they relate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 46 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 198,125
AMORTISATION
At 1 January 2023 142,576
Charge for year 20,199
At 31 December 2023 162,775
NET BOOK VALUE
At 31 December 2023 35,350
At 31 December 2022 55,549

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 376,000 1,955,124 2,331,124
Additions - 256,487 256,487
Disposals - (141,210 ) (141,210 )
At 31 December 2023 376,000 2,070,401 2,446,401
DEPRECIATION
At 1 January 2023 18,048 1,249,643 1,267,691
Charge for year 6,016 186,144 192,160
Eliminated on disposal - (59,742 ) (59,742 )
At 31 December 2023 24,064 1,376,045 1,400,109
NET BOOK VALUE
At 31 December 2023 351,936 694,356 1,046,292
At 31 December 2022 357,952 705,481 1,063,433

GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 276,743
Disposals (28,665 )
Transfer to ownership (74,106 )
At 31 December 2023 173,972
DEPRECIATION
At 1 January 2023 96,817
Charge for year 42,573
Eliminated on disposal (18,372 )
Transfer to ownership (48,208 )
At 31 December 2023 72,810
NET BOOK VALUE
At 31 December 2023 101,162
At 31 December 2022 179,926

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 64,785
NET BOOK VALUE
At 31 December 2023 64,785
At 31 December 2022 64,785

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 650,822 588,336
Amounts owed by group undertakings 609,343 490,578
Other debtors 213,888 276,562
1,474,053 1,355,476

GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 45,719 38,042
Trade creditors 392,260 388,701
Taxation and social security 375,778 232,028
Other creditors 170,009 156,512
983,766 815,283

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,773 55,153

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 47,493 93,196

The hire purchase and lease contracts are secured against the assets concerned.

GP Plantscape Limited (Registered number: SC092307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

Pleasance Landscapes Ltd
Parent Company

During the year, the company paid a dividend of £174,000 (2022: £182,000) and advanced a loan of £118,765 (2022: £102,592) to Pleasance Landscapes Ltd. At the year end, the balance due to the company was £608,813 (2022: £490,048).


Greenscene Environmental Ltd
A fellow subsidiary company

During the year, Greenscene Environmental Ltd advanced £nil (2022: £nil) and paid a dividend of £nil (2022: £nil) to the company. At the year end, the balance due to the company was £530 (2022: £530).

GM4X Ltd
A fellow subsidiary company.

During the year, the company charged GM4X Ltd a management fee of £37,753 (2022: £27,774). GM4X Ltd made repayments of £37,753 (2022: £27,774). At the year end, the balance due to the company was £nil.

During the year, the company sold an asset to GM4X Ltd for £32,998. This balance remains outstanding at the year end. At the year end, the balance due to the company was £36,658 (2022: 29,367).


Cairn Solutions Ltd
A fellow subsidiary company

During the year, the company charged Cairn Solutions Ltd a management fee of £18,000 (2022: £18,000). Cairn Solutions Ltd made repayments of £18,000 (2022: £18,000). At the year end, the balance due to the company was £nil (2022: £nil).


There are no fixed repayment terms and no interest was charged.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pleasance Landscapes Ltd, a company incorporated in Scotland. The company's registered office isThe Pleasance, Kirkfieldbank, Lanark, ML11 9TG.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GP Plantscape Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GP Plantscape Limited for the year ended 31 December 2023 which comprise the Profit & Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of GP Plantscape Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GP Plantscape Limited and state those matters that we have agreed to state to the Board of Directors of GP Plantscape Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GP Plantscape Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GP Plantscape Limited. You consider that GP Plantscape Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GP Plantscape Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


12 September 2024