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REGISTERED NUMBER: 02524745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Professional Lawns Limited

Professional Lawns Limited (Registered number: 02524745)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Professional Lawns Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Cowburn
Miss L Cowburn
Mrs J B Cowburn
C Cowburn





SECRETARY: A J Cowburn





REGISTERED OFFICE: 32 Deans Lane
Hoscar
Ormskirk
Lancashire
L40 4BL





REGISTERED NUMBER: 02524745 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Professional Lawns Limited (Registered number: 02524745)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,175 362,713

CURRENT ASSETS
Stocks 46,495 68,905
Debtors 5 912,286 871,862
Cash at bank and in hand 302 144,489
959,083 1,085,256
CREDITORS
Amounts falling due within one year 6 461,927 507,405
NET CURRENT ASSETS 497,156 577,851
TOTAL ASSETS LESS CURRENT LIABILITIES 782,331 940,564

CREDITORS
Amounts falling due after more than one year 7 (155,767 ) (281,135 )

PROVISIONS FOR LIABILITIES (70,256 ) (89,574 )
NET ASSETS 556,308 569,855

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 556,205 569,752
SHAREHOLDERS' FUNDS 556,308 569,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





A J Cowburn - Director


Professional Lawns Limited (Registered number: 02524745)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Professional Lawns 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 etc - 50% on cost, 33% on cost, 25% on cost and 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.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Professional Lawns Limited (Registered number: 02524745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,246,162
Additions 14,350
At 31 March 2024 1,260,512
DEPRECIATION
At 1 April 2023 883,449
Charge for year 91,888
At 31 March 2024 975,337
NET BOOK VALUE
At 31 March 2024 285,175
At 31 March 2023 362,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 336,758 337,249
Other debtors 575,528 534,613
912,286 871,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 93,920 60,855
Hire purchase contracts 61,387 61,761
Trade creditors 32,915 22,197
Taxation and social security 65,758 148,562
Other creditors 207,947 214,030
461,927 507,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 67,247 131,228
Hire purchase contracts 88,520 149,907
155,767 281,135

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 16,845