Company Registration No. 07727542 (England and Wales)
East Midlands Building & Landscapes Limited
Unaudited accounts
for the year ended 31 May 2024
East Midlands Building & Landscapes Limited
Unaudited accounts
Contents
East Midlands Building & Landscapes Limited
Company Information
for the year ended 31 May 2024
Directors
Stephen William Ernest Dorman
Steven Lempard
Company Number
07727542 (England and Wales)
Registered Office
73 Loughborough Road
Bradmore
Nottingham
NG11 6PA
Accountants
SLP Accounting
25 Brook View Drive
Keyworth
Nottingham
NG12 5JN
East Midlands Building & Landscapes Limited
Statement of financial position
as at 31 May 2024
Tangible assets
66,630
77,928
Cash at bank and in hand
29,856
48,174
Creditors: amounts falling due within one year
(41,652)
(51,373)
Net current assets/(liabilities)
10,284
(999)
Total assets less current liabilities
76,914
76,929
Creditors: amounts falling due after more than one year
(4,742)
(11,840)
Called up share capital
2
2
Profit and loss account
72,170
65,087
Shareholders' funds
72,172
65,089
For the year ending 31 May 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 6 November 2024 and were signed on its behalf by
Steven Lempard
Director
Company Registration No. 07727542
East Midlands Building & Landscapes Limited
Notes to the Accounts
for the year ended 31 May 2024
East Midlands Building & Landscapes Limited is a private company, limited by shares, registered in England and Wales, registration number 07727542. The registered office is 73 Loughborough Road, Bradmore, Nottingham, NG11 6PA.
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.
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.
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.
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
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on straight line balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
East Midlands Building & Landscapes Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
62,808
60,652
3,296
2,012
128,768
Additions
-
4,600
-
-
4,600
At 31 May 2024
62,808
65,252
3,296
2,012
133,368
At 1 June 2023
18,760
28,671
2,843
566
50,840
Charge for the year
8,808
6,497
91
502
15,898
At 31 May 2024
27,568
35,168
2,934
1,068
66,738
At 31 May 2024
35,240
30,084
362
944
66,630
At 31 May 2023
44,048
31,981
453
1,446
77,928
Amounts falling due within one year
Trade debtors
22,080
2,200
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,766
12,359
Taxes and social security
22,926
14,647
Loans from directors
3,252
6,484
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).