Registered number
05433225
J & S Scapes Limited
Filleted Accounts
31 March 2024
BAS Associates Ltd
Chartered Management Accountants
Unit 8 Wingbury Courtyard
Leighton Road
Wingrave
Bucks
HP22 4LW
J & S Scapes Limited
Registered number: 05433225
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 157,349 141,394
Current assets
Stocks 6,000 79,500
Debtors 5 14,220 3,262
Cash at bank and in hand 152,100 165,626
172,320 248,388
Creditors: amounts falling due within one year 6 (97,854) (102,168)
Net current assets 74,466 146,220
Total assets less current liabilities 231,815 287,614
Provisions for liabilities (39,337) (28,731)
Net assets 192,478 258,883
Capital and reserves
Called up share capital 102 102
Profit and loss account 192,376 258,781
Shareholders' funds 192,478 258,883
The director is 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 director acknowledges his 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 J Pugh
Director
Approved by the board on 22 October 2024
J & S Scapes Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 20 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 2024 2023
Number Number
Average number of persons employed by the company 14 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 33,500
At 31 March 2024 33,500
Amortisation
At 1 April 2023 33,500
At 31 March 2024 33,500
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 28,071 161,639 293,871 483,581
Additions - 6,550 57,554 64,104
At 31 March 2024 28,071 168,189 351,425 547,685
Depreciation
At 1 April 2023 1,404 134,647 206,136 342,187
Charge for the year 1,333 10,493 36,323 48,149
At 31 March 2024 2,737 145,140 242,459 390,336
Net book value
At 31 March 2024 25,334 23,049 108,966 157,349
At 31 March 2023 26,667 26,992 87,735 141,394
5 Debtors 2024 2023
£ £
Trade debtors 11,657 2,000
Other debtors 2,563 1,262
14,220 3,262
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 31,044 37,719
Taxation and social security costs 58,965 53,455
Other creditors 7,845 10,994
97,854 102,168
7 Other information
J & S Scapes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Abbey Tree Nursery
Bushmead Road
Whitchurch
Bucks
HP22 4LG
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