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REGISTERED NUMBER: 04884247 (England and Wales)








Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Lawn-Man Limited

Lawn-Man Limited (Registered number: 04884247)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lawn-Man Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: W R A Welling
S C Chuter





SECRETARY: W R A Welling





REGISTERED OFFICE: Unit 5, Old Dairy Court
Burcot Farm
East Stratton
Winchester
Hampshire
SO21 3DZ





REGISTERED NUMBER: 04884247 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Lawn-Man Limited (Registered number: 04884247)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,965 96,621

CURRENT ASSETS
Stocks 21,844 22,003
Debtors 5 33,761 35,212
Cash at bank 18,142 25,501
73,747 82,716
CREDITORS
Amounts falling due within one year 6 32,628 37,588
NET CURRENT ASSETS 41,119 45,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,084

141,749

CREDITORS
Amounts falling due after more than one
year

7

(20,388

)

(4,444

)

PROVISIONS FOR LIABILITIES 10 (19,241 ) (18,358 )
NET ASSETS 120,455 118,947

CAPITAL AND RESERVES
Called up share capital 11 500 500
Retained earnings 119,955 118,447
SHAREHOLDERS' FUNDS 120,455 118,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Lawn-Man Limited (Registered number: 04884247)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





W R A Welling - Director


Lawn-Man Limited (Registered number: 04884247)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Lawn-Man 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Lawn-Man Limited (Registered number: 04884247)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 190,220 50,488 240,708
Additions 45,230 - 45,230
Disposals (24,950 ) 9,839 (15,111 )
At 29 February 2024 210,500 60,327 270,827
DEPRECIATION
At 1 March 2023 120,074 24,013 144,087
Charge for year 13,593 4,966 18,559
Eliminated on disposal (19,461 ) 8,677 (10,784 )
At 29 February 2024 114,206 37,656 151,862
NET BOOK VALUE
At 29 February 2024 96,294 22,671 118,965
At 28 February 2023 70,146 26,475 96,621

Lawn-Man Limited (Registered number: 04884247)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £59,365 (2023 - £32,283) in respect of assets held under finance leases or hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 17,100 31,278
Other debtors 16,661 3,934
33,761 35,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 8) 16,094 7,709
Trade creditors 3,141 6,643
Taxation and social security 3,788 12,995
Other creditors 9,605 10,241
32,628 37,588

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 8) 20,388 4,444

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 16,094 7,709
Between one and five years 20,388 4,444
36,482 12,153

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 36,482 12,153

Lawn-Man Limited (Registered number: 04884247)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 19,241 18,358

Deferred
tax
£   
Balance at 1 March 2023 18,358
Accelerated capital allowances 883
Balance at 29 February 2024 19,241

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
500 Ordinary £1 500 500