34 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 93,194 93,194 xbrli:pure xbrli:shares iso4217:GBP SC392377 2023-02-01 2024-01-31 SC392377 2024-01-31 SC392377 2023-01-31 SC392377 2022-02-01 2023-01-31 SC392377 2023-01-31 SC392377 2022-01-31 SC392377 core:NetGoodwill 2023-02-01 2024-01-31 SC392377 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC392377 core:PlantMachinery 2023-02-01 2024-01-31 SC392377 core:FurnitureFittings 2023-02-01 2024-01-31 SC392377 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 SC392377 bus:Director1 2023-02-01 2024-01-31 SC392377 core:NetGoodwill 2024-01-31 SC392377 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 SC392377 core:PlantMachinery 2023-01-31 SC392377 core:FurnitureFittings 2023-01-31 SC392377 core:MotorVehicles 2023-01-31 SC392377 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 SC392377 core:PlantMachinery 2024-01-31 SC392377 core:FurnitureFittings 2024-01-31 SC392377 core:MotorVehicles 2024-01-31 SC392377 core:MotorVehicles 2023-02-01 2024-01-31 SC392377 core:WithinOneYear 2024-01-31 SC392377 core:WithinOneYear 2023-01-31 SC392377 core:AfterOneYear 2024-01-31 SC392377 core:AfterOneYear 2023-01-31 SC392377 core:ShareCapital 2024-01-31 SC392377 core:ShareCapital 2023-01-31 SC392377 core:RevaluationReserve 2024-01-31 SC392377 core:RevaluationReserve 2023-01-31 SC392377 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC392377 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC392377 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 SC392377 core:PlantMachinery 2023-01-31 SC392377 core:FurnitureFittings 2023-01-31 SC392377 core:MotorVehicles 2023-01-31 SC392377 bus:SmallEntities 2023-02-01 2024-01-31 SC392377 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC392377 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC392377 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC392377 bus:FullAccounts 2023-02-01 2024-01-31 SC392377 core:ComputerEquipment 2023-02-01 2024-01-31 SC392377 core:ComputerEquipment 2023-01-31 SC392377 core:ConstructionInProgressAssetsUnderConstruction 2023-02-01 2024-01-31 SC392377 core:ComputerEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: SC392377
Briarlea Landscapes and Driveways Scotland Ltd
Filleted Unaudited Financial Statements
31 January 2024
Briarlea Landscapes and Driveways Scotland Ltd
Financial Statements
Year ended 31 January 2024
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Briarlea Landscapes and Driveways Scotland Ltd
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Briarlea Landscapes and Driveways Scotland Ltd
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Briarlea Landscapes and Driveways Scotland Ltd for the year ended 31 January 2024, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Briarlea Landscapes and Driveways Scotland Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Briarlea Landscapes and Driveways Scotland Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Briarlea Landscapes and Driveways Scotland Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Briarlea Landscapes and Driveways Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Briarlea Landscapes and Driveways Scotland Ltd. You consider that Briarlea Landscapes and Driveways Scotland Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Briarlea Landscapes and Driveways Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
30 October 2024
Briarlea Landscapes and Driveways Scotland Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
1,857,843
1,990,360
Current assets
Stocks
41,000
54,000
Debtors
7
427,132
846,858
Cash at bank and in hand
5,005
2,096
---------
---------
473,137
902,954
Creditors: amounts falling due within one year
8
785,226
916,013
---------
---------
Net current liabilities
312,089
13,059
------------
------------
Total assets less current liabilities
1,545,754
1,977,301
Creditors: amounts falling due after more than one year
9
780,151
1,019,204
Provisions
268,392
252,091
------------
------------
Net assets
497,211
706,006
------------
------------
Capital and reserves
Called up share capital
2
2
Revaluation reserve
472,659
525,331
Profit and loss account
24,550
180,673
---------
---------
Shareholders funds
497,211
706,006
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Briarlea Landscapes and Driveways Scotland Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr A J Cummings
Director
Company registration number: SC392377
Briarlea Landscapes and Driveways Scotland Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Briarlea Display Centre, Briarlea Estate, Lanark Road, Larkhall, ML9 2UE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
Write down to 25% of cost over 5 years
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price., unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 34 (2023: 36 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
93,194
--------
Amortisation
At 1 February 2023 and 31 January 2024
93,194
--------
Carrying amount
At 31 January 2024
--------
At 31 January 2023
--------
6. Tangible assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost or valuation
At 1 Feb 2023
1,050,000
648,506
41,840
807,218
6,084
2,553,648
Additions
44,708
65,253
2,499
33,125
2,499
148,084
Disposals
( 22,962)
( 123,161)
( 146,123)
Revaluations
55,546
( 8,320)
47,226
------------
---------
--------
---------
-------
------------
At 31 Jan 2024
1,094,708
746,343
44,339
708,862
8,583
2,602,835
------------
---------
--------
---------
-------
------------
Depreciation
At 1 Feb 2023
270,645
10,185
281,268
1,190
563,288
Charge for the year
21,894
107,643
8,278
99,528
1,224
238,567
Disposals
( 14,451)
( 42,412)
( 56,863)
------------
---------
--------
---------
-------
------------
At 31 Jan 2024
21,894
363,837
18,463
338,384
2,414
744,992
------------
---------
--------
---------
-------
------------
Carrying amount
At 31 Jan 2024
1,072,814
382,506
25,876
370,478
6,169
1,857,843
------------
---------
--------
---------
-------
------------
At 31 Jan 2023
1,050,000
377,861
31,655
525,950
4,894
1,990,360
------------
---------
--------
---------
-------
------------
7. Debtors
2024
2023
£
£
Other debtors
427,132
846,858
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
75,255
69,340
Trade creditors
86,381
165,555
Corporation tax
155,557
68,286
Social security and other taxes
299,701
419,243
Other creditors
168,332
193,589
---------
---------
785,226
916,013
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
608,057
758,564
Other creditors
172,094
260,640
---------
------------
780,151
1,019,204
---------
------------
10. Directors' advances, credits and guarantees
The balance owed from the directors as at 31st January 2024 amounted to £ 130,509 (2023: £331,914).
11. Related party transactions
Included in debtors there is a balance owed from Briarlea Landscape Supplies Limited for £70,104 (2023:£296,031). This is a company the directors have an interest in. Included in debtors there is a balance owed to Briarlea Holdings Limited, the parent company, for £1,260 (2023 owed to:£884)