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REGISTERED NUMBER: 09641641 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2024

FOR

EASYLAWN TURF LTD

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


EASYLAWN TURF LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







Directors: C P Hawkins
J S Hawkins





Registered office: Thingehill Court
Withington
Hereford
HR1 3QG





Registered number: 09641641 (England and Wales)

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
Fixed assets
Intangible assets 4 130,453 149,781
Tangible assets 5 1,066,744 905,779
Investments 6 200 -
1,197,397 1,055,560

Current assets
Stocks 7 680,320 437,273
Debtors 8 315,600 716,609
Cash at bank and in hand 387,888 784,953
1,383,808 1,938,835
Creditors
Amounts falling due within one year 9 1,111,130 1,644,458
Net current assets 272,678 294,377
Total assets less current liabilities 1,470,075 1,349,937

Creditors
Amounts falling due after more than one
year

10

(91,597

)

(146,025

)

Provisions for liabilities 11 (234,900 ) (200,200 )
Net assets 1,143,578 1,003,712

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

BALANCE SHEET - continued
30TH APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
Capital and reserves
Called up share capital 12 100 100
Retained earnings 1,143,478 1,003,612
Shareholders' funds 1,143,578 1,003,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:





C P Hawkins - Director


EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. Statutory information

Easylawn Turf 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.

Preparation of consolidated financial statements
The financial statements contain information about Easylawn Turf Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020 and 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Leasehold improvements10 - 25 years
Plant & machinery15% - 20%
Motor vehicles20%

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. Accounting policies - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including directors)

The average number of employees during the year was 16 (2023 - 16 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1st May 2023
and 30th April 2024 193,275
Amortisation
At 1st May 2023 43,494
Amortisation for year 19,328
At 30th April 2024 62,822
Net book value
At 30th April 2024 130,453
At 30th April 2023 149,781

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. Tangible fixed assets
Leasehold Plant & Motor
improvements machinery vehicles Totals
£ £ £ £
Cost
At 1st May 2023 20,624 1,065,715 33,522 1,119,861
Additions - 320,641 160,233 480,874
Disposals - (3 ) (54,531 ) (54,534 )
At 30th April 2024 20,624 1,386,353 139,224 1,546,201
Depreciation
At 1st May 2023 2,062 197,395 14,625 214,082
Charge for year 2,062 245,940 17,373 265,375
At 30th April 2024 4,124 443,335 31,998 479,457
Net book value
At 30th April 2024 16,500 943,018 107,226 1,066,744
At 30th April 2023 18,562 868,320 18,897 905,779

The net book value of tangible fixed assets includes £ 443,310 (2023 - £ 453,050 ) in respect of assets held under hire purchase contracts.

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
Additions 200
At 30th April 2024 200
Net book value
At 30th April 2024 200

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


6. Fixed asset investments - continued

The company's investments at the Balance sheet date in the share capital of companies include the following:

IPJ LTD
Registered office: Thinghill Court, Withington, Hereford, HR1 3QG
Nature of business: Property development
%
Class of shares: holding
Ordinary 66.66
30.4.24
£
Aggregate capital and reserves (1,175 )

7. Stocks
30.4.24 30.4.23
£ £
Stocks 680,320 437,273

8. Debtors: amounts falling due within one year
30.4.24 30.4.23
£ £
Trade debtors 250,232 548,323
Other debtors 48,566 36,706
Owed from related parties 16,802 131,580
315,600 716,609

9. Creditors: amounts falling due within one year
30.4.24 30.4.23
£ £
Hire purchase contracts 94,414 91,300
Trade creditors 269,083 663,158
Social security & other taxes 24,707 26,461
Other creditors 33,005 26,744
Owed to related parties 34,766 103,283
Owed to group undertakings 200 -
Directors' loan accounts 654,955 733,512
1,111,130 1,644,458

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


10. Creditors: amounts falling due after more than one year
30.4.24 30.4.23
£ £
Hire purchase contracts 91,597 146,025

11. Provisions for liabilities
30.4.24 30.4.23
£ £
Deferred tax 234,900 200,200

Deferred tax
£
Balance at 1st May 2023 200,200
Provided during year 34,700
Balance at 30th April 2024 234,900

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £ £
100 Ordinary shares £1 100 100

13. Contingent liabilities

There were no contingent liabilities at 30th April 2024.

EASYLAWN TURF LTD (REGISTERED NUMBER: 09641641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


14. Related party disclosures

The directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance owed by the company to the directors at the year end was £654,955 (2023: £733,512).

Related party transactions

The following transactions took place with related parties on normal commercial terms during the year:


Related party relationship

Sales

Purchases
Loans
repaid
Debtor
balance
Creditor
balance
£   £   £   £   £   
Entities with common key
management personnel

69,809

110,939

28,557

16,802

34,766

Entities under control-200--200

Loans were made interest free and repayable on demand.