Oakhill Landscapes Limited 04628847 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of landscaping services Digita Accounts Production Advanced 6.30.9574.0 true true 04628847 2023-07-01 2024-06-30 04628847 2024-06-30 04628847 bus:Director3 1 2024-06-30 04628847 bus:OrdinaryShareClass1 2024-06-30 04628847 core:CurrentFinancialInstruments 2024-06-30 04628847 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04628847 core:FurnitureFittingsToolsEquipment 2024-06-30 04628847 core:MotorVehicles 2024-06-30 04628847 bus:SmallEntities 2023-07-01 2024-06-30 04628847 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04628847 bus:FilletedAccounts 2023-07-01 2024-06-30 04628847 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04628847 bus:RegisteredOffice 2023-07-01 2024-06-30 04628847 bus:CompanySecretary1 2023-07-01 2024-06-30 04628847 bus:Director1 2023-07-01 2024-06-30 04628847 bus:Director3 2023-07-01 2024-06-30 04628847 bus:Director3 1 2023-07-01 2024-06-30 04628847 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04628847 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04628847 core:FurnitureFittings 2023-07-01 2024-06-30 04628847 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 04628847 core:MotorVehicles 2023-07-01 2024-06-30 04628847 countries:UnitedKingdom 2023-07-01 2024-06-30 04628847 2023-06-30 04628847 bus:Director3 1 2023-06-30 04628847 core:FurnitureFittingsToolsEquipment 2023-06-30 04628847 core:MotorVehicles 2023-06-30 04628847 2022-07-01 2023-06-30 04628847 2023-06-30 04628847 bus:OrdinaryShareClass1 2023-06-30 04628847 core:CurrentFinancialInstruments 2023-06-30 04628847 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04628847 core:FurnitureFittingsToolsEquipment 2023-06-30 04628847 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04628847

Oakhill Landscapes Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

Oakhill Landscapes Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Oakhill Landscapes Limited

Company Information

Directors

Mr NW Mutch

Mr Ashley Jeavons

Company secretary

Mrs JP Mutch

Registered office

Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Oakhill Landscapes Limited

(Registration number: 04628847)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,453

21,695

Current assets

 

Stocks

5

5,988

11,733

Debtors

5,172

13,856

Cash at bank and in hand

 

4,667

1,789

 

15,827

27,378

Prepayments and accrued income

 

3,160

3,054

Creditors: Amounts falling due within one year

6.1

(34,133)

(43,321)

Net current liabilities

 

(15,146)

(12,889)

Total assets less current liabilities

 

(693)

8,806

Provisions for liabilities

(3,613)

(4,121)

Accruals and deferred income

 

(1,723)

(2,659)

Net (liabilities)/assets

 

(6,029)

2,026

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(6,129)

1,926

Shareholders' (deficit)/funds

 

(6,029)

2,026

 

Oakhill Landscapes Limited

(Registration number: 04628847)
Abridged Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 15 October 2024 and signed on its behalf by:
 

.........................................

Mr NW Mutch
Director

.........................................

Mr Ashley Jeavons
Director

 

Oakhill Landscapes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The principal place of business is:
Unit 17 Star Trading Estate
Ponthir Road
Caerleon
Newport
NP18 1PQ

These financial statements were authorised for issue by the Board on 15 October 2024.

The address of its registered office is:
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors are currently applying structural changes that will significantly reduces payroll costs in the next year, and also there were one-off recruitment costs in the current year that will not be incurred again in subsequent years. For this reason.the expect the company's negative reserves to revert to net assets.

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 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.

 

Oakhill Landscapes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

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.

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

Furniture, fittings and equipment

15% Reducing balance

Motor vehicles

20% 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.

 

Oakhill Landscapes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Oakhill Landscapes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

28,852

46,236

75,088

Disposals

(3,900)

-

(3,900)

At 30 June 2024

24,952

46,236

71,188

Depreciation

At 1 July 2023

20,988

32,405

53,393

Charge for the year

1,115

4,610

5,725

Eliminated on disposal

(2,383)

-

(2,383)

At 30 June 2024

19,720

37,015

56,735

Carrying amount

At 30 June 2024

5,232

9,221

14,453

At 30 June 2023

7,864

13,831

21,695

5

Stocks

2024
£

2023
£

Work in progress

4,788

10,533

Other inventories

1,200

1,200

5,988

11,733

6

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £nil (2023 - £2,760).

 

Oakhill Landscapes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Related party transactions

Summary of transactions with key management

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr Ashley Jeavons

Amounts advance and repaid

-

(2,722)

1

(2,721)

Other transactions with directors

During the year the company made unsecured, interest free, repayable on demand loans to the directors through the provision of a facility which could be drawn against. At the balance sheet date the company owed the directors £19,405 (2023 - £28,364).