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REGISTERED NUMBER: 10572557 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JAKE SMITH LANDSCAPES LIMITED

JAKE SMITH LANDSCAPES LIMITED (REGISTERED NUMBER: 10572557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAKE SMITH LANDSCAPES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Ms N Smith
J Y Smith





REGISTERED OFFICE: Unit L49 Glenmore Business Park
Portfield Works
Chichester
West Sussex
PO19 7BJ





REGISTERED NUMBER: 10572557 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

JAKE SMITH LANDSCAPES LIMITED (REGISTERED NUMBER: 10572557)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,609 52,972

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 181,820 144,267
Cash at bank 20,551 38,900
204,371 185,167
CREDITORS
Amounts falling due within one year 7 189,208 151,341
NET CURRENT ASSETS 15,163 33,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,772

86,798

CREDITORS
Amounts falling due after more than one
year

8

(38,726

)

(36,150

)

PROVISIONS FOR LIABILITIES (15,402 ) (13,243 )
NET ASSETS 22,644 37,405

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 22,640 37,401
22,644 37,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 7 October 2024 and were signed on its behalf by:





Ms N Smith - Director


JAKE SMITH LANDSCAPES LIMITED (REGISTERED NUMBER: 10572557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Jake Smith Landscapes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

JAKE SMITH LANDSCAPES LIMITED (REGISTERED NUMBER: 10572557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 15,729 6,298 70,940 3,723 96,690
Additions - 578 26,995 299 27,872
At 31 January 2024 15,729 6,876 97,935 4,022 124,562
DEPRECIATION
At 1 February 2023 9,142 3,340 29,089 2,147 43,718
Charge for year 1,646 821 15,621 1,147 19,235
At 31 January 2024 10,788 4,161 44,710 3,294 62,953
NET BOOK VALUE
At 31 January 2024 4,941 2,715 53,225 728 61,609
At 31 January 2023 6,587 2,958 41,851 1,576 52,972

5. STOCKS
2024 2023
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,855 59,345
Other debtors 60,250 47,984
Directors' current accounts - 9,812
VAT 18,741 -
Prepayments and accrued income 37,363 23,743
Prepayments 2,611 3,383
181,820 144,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,026
Hire purchase contracts 11,038 7,089
Trade creditors 97,668 57,129
Tax 58,932 29,526
Social security and other taxes 6,277 8,778
VAT - 29,292
Other creditors 4,281 3,351
Directors' current accounts 4 -
Accrued expenses 1,008 6,150
189,208 151,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,167 10,257
Bank loans - 2-5 years - 13,881
Hire purchase contracts 24,559 12,012
38,726 36,150

JAKE SMITH LANDSCAPES LIMITED (REGISTERED NUMBER: 10572557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Ms N Smith
Balance outstanding at start of year 9,812 19,174
Amounts advanced 134,290 117,219
Amounts repaid (144,106 ) (126,581 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4 ) 9,812

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms N Smith and J Y Smith.

This was by virtue of their 100% holding of the issued share capital.