Registered number
10514545
Westons Garden & Property Services Limited
Filleted Accounts
31 December 2023
Westons Garden & Property Services Limited
Registered number: 10514545
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 243,552 85,108
Current assets
Debtors 4 214,092 127,014
Cash at bank and in hand 71,148 16,785
285,240 143,799
Creditors: amounts falling due within one year 5 (209,219) (161,050)
Net current assets/(liabilities) 76,021 (17,251)
Total assets less current liabilities 319,573 67,857
Creditors: amounts falling due after more than one year 6 (156,530) (29,689)
Net assets 163,043 38,168
Capital and reserves
Called up share capital 1 1
Profit and loss account 163,042 38,167
Shareholders' funds 163,043 38,168
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T W Lea
Director
Approved by the board on 21 September 2024
Westons Garden & Property Services Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 42,524 132,248 174,772
Additions 15,237 183,658 198,895
Disposals - (40,803) (40,803)
At 31 December 2023 57,761 275,103 332,864
Depreciation
At 1 January 2023 20,742 68,922 89,664
Charge for the year 7,404 10,095 17,499
On disposals - (17,851) (17,851)
At 31 December 2023 28,146 61,166 89,312
Net book value
At 31 December 2023 29,615 213,937 243,552
At 31 December 2022 21,782 63,326 85,108
4 Debtors 2023 2022
£ £
Trade debtors 203,689 122,116
Other debtors 10,403 4,898
214,092 127,014
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 30,475 -
Trade creditors 105,728 39,055
Taxation and social security costs 43,547 5,176
Other creditors 19,469 106,819
209,219 161,050
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,921 29,689
Obligations under finance lease and hire purchase contracts 56,609 -
Other creditors 80,000 -
156,530 29,689
7 Other information
Westons Garden & Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18, Orchard Business Park
North End Road
Yapton, Arundel
West Sussex
BN18 0GA
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