Registered number
06452216
P Godfrey Landscaping & Fencing Limited
Filleted Accounts
31 March 2024
P Godfrey Landscaping & Fencing Limited
Registered number: 06452216
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be landscaping and fencing cotractors.
Directors
The following persons served as directors during the year:
Mr P Godfrey
Mrs J E Godfrey
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 October 2024 and signed on its behalf.
Mrs J E Godfrey
Director
P Godfrey Landscaping & Fencing Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of P Godfrey Landscaping & Fencing Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P Godfrey Landscaping & Fencing Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Bunting & Co
Chartered Accountants
Punches Barn
Waterperry Road
Holton
Oxford
OX33 1PR
10 December 2024
P Godfrey Landscaping & Fencing Limited
Registered number: 06452216
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 13,766 18,355
Current assets
Stocks 500 500
Debtors 5 6,451 3,130
Cash at bank and in hand 23,652 27,357
30,603 30,987
Creditors: amounts falling due within one year 6 (21,679) (17,672)
Net current assets 8,924 13,315
Total assets less current liabilities 22,690 31,670
Creditors: amounts falling due after more than one year 7 (738) (29)
Provisions for liabilities (2,615) (3,487)
Net assets 19,337 28,154
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,237 28,054
Shareholders' funds 19,337 28,154
The directors are 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 directors acknowledge their 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 P Godfrey
Director
Approved by the board on 10 October 2024
P Godfrey Landscaping & Fencing 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:
Plant, machinery and motor vehicles 25% per annum on reducucing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,999 34,880 37,879
At 31 March 2024 2,999 34,880 37,879
Depreciation
At 1 April 2023 2,897 16,627 19,524
Charge for the year 26 4,563 4,589
At 31 March 2024 2,923 21,190 24,113
Net book value
At 31 March 2024 76 13,690 13,766
At 31 March 2023 102 18,253 18,355
5 Debtors 2024 2023
£ £
Trade debtors 6,451 -
Other debtors - 3,130
6,451 3,130
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,893 6,259
Taxation and social security costs 13,786 11,413
21,679 17,672
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 738 29
8 Controlling party
The company is controlled by the directors who between them own all of the issued share capital.
9 Other information
P Godfrey Landscaping & Fencing Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Morton Close
Kidlington
Oxford
Oxfordshire
OX5 1BU
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