Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05177183 Mr Marc Patrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05177183 2023-01-31 05177183 2024-01-31 05177183 2023-02-01 2024-01-31 05177183 frs-core:CurrentFinancialInstruments 2024-01-31 05177183 frs-core:ComputerEquipment 2024-01-31 05177183 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05177183 frs-core:ComputerEquipment 2023-01-31 05177183 frs-core:MotorVehicles 2024-01-31 05177183 frs-core:MotorVehicles 2023-02-01 2024-01-31 05177183 frs-core:MotorVehicles 2023-01-31 05177183 frs-core:PlantMachinery 2024-01-31 05177183 frs-core:PlantMachinery 2023-02-01 2024-01-31 05177183 frs-core:PlantMachinery 2023-01-31 05177183 frs-core:ShareCapital 2024-01-31 05177183 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05177183 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05177183 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05177183 frs-bus:SmallEntities 2023-02-01 2024-01-31 05177183 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05177183 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05177183 frs-bus:Director1 2023-02-01 2024-01-31 05177183 frs-countries:EnglandWales 2023-02-01 2024-01-31 05177183 2022-01-31 05177183 2023-01-31 05177183 2022-02-01 2023-01-31 05177183 frs-core:CurrentFinancialInstruments 2023-01-31 05177183 frs-core:ShareCapital 2023-01-31 05177183 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05177183
Gardencare Contracting Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05177183
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,465 4,850
24,465 4,850
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 181,766 176,717
Cash at bank and in hand 143,842 102,579
327,608 281,296
Creditors: Amounts Falling Due Within One Year 7 (93,287 ) (89,701 )
NET CURRENT ASSETS (LIABILITIES) 234,321 191,595
TOTAL ASSETS LESS CURRENT LIABILITIES 258,786 196,445
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,116 ) (820 )
NET ASSETS 252,670 195,625
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 251,670 194,625
SHAREHOLDERS' FUNDS 252,670 195,625
Page 1
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 1 October 2024 and were signed on its behalf by:
Mr Marc Patrick
Director
01/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gardencare Contracting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05177183 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Turnover
Turnover represents amounts receivable for garden maintenance and landscaping goods and services, net of VAT and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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2.5. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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2.8. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
2.9. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met.  Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability
2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
2.11. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.  
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 21)
21 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 46,096 55,583 694 102,373
Additions - 22,090 1,325 23,415
Disposals - (14,295 ) - (14,295 )
As at 31 January 2024 46,096 63,378 2,019 111,493
...CONTINUED
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Depreciation
As at 1 February 2023 42,035 54,794 694 97,523
Provided during the period 1,521 2,078 199 3,798
Disposals - (14,293 ) - (14,293 )
As at 31 January 2024 43,556 42,579 893 87,028
Net Book Value
As at 31 January 2024 2,540 20,799 1,126 24,465
As at 1 February 2023 4,061 789 - 4,850
5. Stocks
2024 2023
£ £
Stock 2,000 2,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 159,266 174,005
Other debtors 22,500 2,712
181,766 176,717
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,438 15,157
Other creditors 13,399 34,991
Taxation and social security 52,450 39,553
93,287 89,701
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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