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Registered number: 11335106
J & M Landscapes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Julian Robert Walker
FMAAT
J R Walker Ltd
11b Boundary Road
Brackley
Northamptonshire
NN13 7ES
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11335106
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 500 37,889
500 37,889
CURRENT ASSETS
Debtors 5 20,565 18,355
Cash at bank and in hand 4,549 685
25,114 19,040
Creditors: Amounts Falling Due Within One Year 6 (21,704 ) (43,343 )
NET CURRENT ASSETS (LIABILITIES) 3,410 (24,303 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,910 13,586
Creditors: Amounts Falling Due After More Than One Year 7 (16,249 ) -
NET (LIABILITIES)/ASSETS (12,339 ) 13,586
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (12,439 ) 13,486
SHAREHOLDERS' FUNDS (12,339) 13,586
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Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Moyles
Director
23rd May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J & M Landscapes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11335106 . The registered office is 11b Boundary Road, Buckingham Road Industrial Estate, Brackley, NN13 7ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% per annum reducing balance basis
Motor Vehicles 20% per annum reducing balance basis
Computer Equipment 15% per annum reducing balance basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 47,752 15,800 983 64,535
Additions 289 - - 289
Disposals (22,795 ) - - (22,795 )
As at 31 March 2024 25,246 15,800 983 42,029
Depreciation
As at 1 April 2023 17,724 8,611 311 26,646
Provided during the period 22,022 7,189 672 29,883
Disposals (15,000 ) - - (15,000 )
As at 31 March 2024 24,746 15,800 983 41,529
Net Book Value
As at 31 March 2024 500 - - 500
As at 1 April 2023 30,028 7,189 672 37,889
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 270
Prepayments and accrued income 162 -
Other debtors 20,403 18,085
20,565 18,355
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,724 15,478
Other loans 3,786 10,939
Corporation tax 13,468 15,071
Other creditors 106 235
Accruals and deferred income 1,620 1,620
21,704 43,343
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,912 -
Other loans 3,337 -
16,249 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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