Registered number
07940773
Poplar Landscapes (N/W) Limited
Filleted Accounts
29 February 2024
Poplar Landscapes (N/W) Limited
Registered number: 07940773
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,545 13,480
Current assets
Cash at bank and in hand 52,007 61,274
Creditors: amounts falling due within one year 4 (53,641) (60,334)
Net current (liabilities)/assets (1,634) 940
Total assets less current liabilities 8,911 14,420
Creditors: amounts falling due after more than one year 5 (5,250) (9,450)
Provisions for liabilities (2,004) (2,561)
Net assets 1,657 2,409
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,557 2,309
Shareholder's funds 1,657 2,409
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Gallop
Director
Approved by the board on 28 November 2024
Poplar Landscapes (N/W) Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 18,206 45,453 63,659
At 29 February 2024 18,206 45,453 63,659
Depreciation
At 1 March 2023 13,854 36,325 50,179
Charge for the year 653 2,282 2,935
At 29 February 2024 14,507 38,607 53,114
Net book value
At 29 February 2024 3,699 6,846 10,545
At 28 February 2023 4,352 9,128 13,480
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,200 4,200
Corporation tax 47 3,947
Other taxes and social security costs 145 -
Other creditors 49,249 52,187
53,641 60,334
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,250 9,450
6 Related party transactions 2024 2023
£ £
Directors loan account
The director is a related party to the company at 28th February, the company owed the related party the following short term, interest-free, unsecured amounts which are repayable upon demand:
Amounts owed to the related party 47,749 51,436
7 Controlling party
The director is the ultimate controlling party by virtue of his 100% ownership of the issued share capital of the company.
8 Other information
Poplar Landscapes (N/W) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holden House
Holden Road
Leigh
WN7 1EX
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