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REGISTERED NUMBER: 10536130 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

Greenkeepers Lawn Care Ltd

Greenkeepers Lawn Care Ltd (Registered number: 10536130)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Greenkeepers Lawn Care Ltd

COMPANY INFORMATION
for the year ended 31 January 2024







Directors: Mrs C Bateman
L S Bateman
O S Etoe
Mrs R L Etoe





Registered office: Unit 10 Torr Trade Park
Torr Quarry Industraial Estate
Kingsbridge
Devon
TQ9 7FA





Registered number: 10536130 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Greenkeepers Lawn Care Ltd (Registered number: 10536130)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 506,101 111,150

Current assets
Stocks 211,882 296,252
Debtors 5 176,631 212,440
Cash at bank and in hand 104,648 191,932
493,161 700,624
Creditors
Amounts falling due within one year 6 173,039 390,744
Net current assets 320,122 309,880
Total assets less current liabilities 826,223 421,030

Creditors
Amounts falling due after more than
one year

7

(284,548

)

(66,121

)

Provisions for liabilities 9 (79,200 ) -
Net assets 462,475 354,909

Capital and reserves
Called up share capital 10 100 100
Retained earnings 462,375 354,809
Shareholders' funds 462,475 354,909

Greenkeepers Lawn Care Ltd (Registered number: 10536130)

BALANCE SHEET - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




L S Bateman - Director



O S Etoe - Director


Greenkeepers Lawn Care Ltd (Registered number: 10536130)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Greenkeepers Lawn Care Ltd 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 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 goods have transferred to the buyer. Turnover from the rendering of services is recognised by the 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.

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 property50 years straight line
Office equipment10% reducing balance
Operational equipment15% reducing balance
Motor vehicles25% reducing 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Greenkeepers Lawn Care Ltd (Registered number: 10536130)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Freehold property
Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

Greenkeepers Lawn Care Ltd (Registered number: 10536130)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Freehold Operational Motor Office
property equipment vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 February 2023 - 22,336 176,251 28,253 226,840
Additions 179,796 4,281 265,169 5,077 454,323
Disposals - - (10,825 ) - (10,825 )
At 31 January 2024 179,796 26,617 430,595 33,330 670,338
Depreciation
At 1 February 2023 - 12,082 97,550 6,058 115,690
Charge for year 2,397 1,944 50,461 2,508 57,310
Eliminated on disposal - - (8,763 ) - (8,763 )
At 31 January 2024 2,397 14,026 139,248 8,566 164,237
Net book value
At 31 January 2024 177,399 12,591 291,347 24,764 506,101
At 31 January 2023 - 10,254 78,701 22,195 111,150

The net book value of assets held under hire purchase was £234,717 (2023 - £49,376)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,784 81,216
Other debtors 51,847 131,224
176,631 212,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,952 6,869
Hire purchase contracts 48,088 18,782
Trade creditors 14,594 327,453
Taxation and social security 62,901 23,542
Other creditors 35,504 14,098
173,039 390,744

Greenkeepers Lawn Care Ltd (Registered number: 10536130)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 150,710 36,667
Hire purchase contracts 133,838 29,454
284,548 66,121

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 113,055 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 181,926 48,236
Mortgage 122,104 -
304,030 48,236

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 79,200 -

Deferred
tax
£   
Provided during year 79,200
Balance at 31 January 2024 79,200

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Greenkeepers Lawn Care Ltd (Registered number: 10536130)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to related parties:

L Bateman and Mrs C Bateman Directors and shareholders £ 11,152
O Etoe and Mrs R Etoe Directors and shareholders £ 11,152

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by two of the directors, L Bateman and O Etoe.