Company Registration No. 05034196 (England and Wales)
Naturescape Limited
Unaudited accounts
for the year ended 31 March 2024
Naturescape Limited
Unaudited accounts
Contents
Naturescape Limited
Company Information
for the year ended 31 March 2024
Directors
Elizabeth Scarborough
Brian Scarborough
Mark Scarborough
Thomas Scarborough
Secretary
Elizabeth Scarborough
Company Number
05034196 (England and Wales)
Registered Office
MAPLE FARM
COACHGAP LANE
LANGAR
NOTTINGHAMSHIRE
NG13 9HP
Accountants
M.A.D. Accountants Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
Naturescape Limited
Statement of financial position
as at 31 March 2024
Tangible assets
3,032,015
3,063,341
Debtors
1,215,670
1,808,770
Cash at bank and in hand
574,870
1,067,683
Creditors: amounts falling due within one year
(4,154,161)
(4,919,632)
Net current liabilities
(2,338,621)
(2,018,179)
Total assets less current liabilities
693,394
1,045,162
Creditors: amounts falling due after more than one year
(479,950)
(993,119)
Called up share capital
200
200
Profit and loss account
213,244
51,843
Shareholders' funds
213,444
52,043
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Thomas Scarborough
Director
Company Registration No. 05034196
Naturescape Limited
Notes to the Accounts
for the year ended 31 March 2024
Naturescape Limited is a private company, limited by shares, registered in England and Wales, registration number 05034196. The registered office is MAPLE FARM, COACHGAP LANE, LANGAR, NOTTINGHAMSHIRE, NG13 9HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Naturescape Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
2,759,323
446,206
97,328
171,299
5,571
3,479,727
Additions
-
4,539
67,000
-
-
71,539
Disposals
-
(8,660)
(41,000)
-
-
(49,660)
At 31 March 2024
2,759,323
442,085
123,328
171,299
5,571
3,501,606
At 1 April 2023
-
267,256
31,452
115,453
2,225
416,386
Charge for the year
-
44,655
16,155
11,169
836
72,815
On disposals
-
(3,789)
(15,821)
-
-
(19,610)
At 31 March 2024
-
308,122
31,786
126,622
3,061
469,591
At 31 March 2024
2,759,323
133,963
91,542
44,677
2,510
3,032,015
At 31 March 2023
2,759,323
178,950
65,876
55,846
3,346
3,063,341
Amounts falling due within one year
Trade debtors
999,000
1,591,920
Other debtors
216,670
216,850
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
259,510
360,803
Trade creditors
272,363
264,603
Taxes and social security
59,550
525,988
Loans from directors
3,366,533
3,416,528
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
479,950
993,119
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
Naturescape Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
During the year the company had a loan from its directors. At the year-end, the company owed £3,366,533 (2023 £3,416,528) to the four directors.
The loans are repayable on demand, no interest has been charged.
10
Average number of employees
During the year the average number of employees was 4 (2023: 40).