Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31642023-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity63truefalse 03897996 2023-04-01 2024-03-31 03897996 2022-04-01 2023-03-31 03897996 2024-03-31 03897996 2023-03-31 03897996 c:Director1 2023-04-01 2024-03-31 03897996 d:Buildings 2023-04-01 2024-03-31 03897996 d:Buildings 2024-03-31 03897996 d:Buildings 2023-03-31 03897996 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03897996 d:PlantMachinery 2023-04-01 2024-03-31 03897996 d:PlantMachinery 2024-03-31 03897996 d:PlantMachinery 2023-03-31 03897996 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03897996 d:MotorVehicles 2023-04-01 2024-03-31 03897996 d:MotorVehicles 2024-03-31 03897996 d:MotorVehicles 2023-03-31 03897996 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03897996 d:FurnitureFittings 2023-04-01 2024-03-31 03897996 d:OfficeEquipment 2023-04-01 2024-03-31 03897996 d:OfficeEquipment 2024-03-31 03897996 d:OfficeEquipment 2023-03-31 03897996 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03897996 d:ComputerEquipment 2023-04-01 2024-03-31 03897996 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03897996 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03897996 d:CurrentFinancialInstruments 2024-03-31 03897996 d:CurrentFinancialInstruments 2023-03-31 03897996 d:Non-currentFinancialInstruments 2024-03-31 03897996 d:Non-currentFinancialInstruments 2023-03-31 03897996 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03897996 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03897996 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03897996 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03897996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03897996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03897996 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 03897996 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 03897996 d:ShareCapital 2024-03-31 03897996 d:ShareCapital 2023-03-31 03897996 d:RetainedEarningsAccumulatedLosses 2024-03-31 03897996 d:RetainedEarningsAccumulatedLosses 2023-03-31 03897996 c:FRS102 2023-04-01 2024-03-31 03897996 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03897996 c:FullAccounts 2023-04-01 2024-03-31 03897996 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03897996 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 03897996 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 03897996 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 03897996 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 03897996 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03897996 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03897996 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03897996










GRADUATE LANDSCAPES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GRADUATE LANDSCAPES LIMITED
REGISTERED NUMBER: 03897996

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,123,951
1,019,483

  
1,123,951
1,019,483

Current assets
  

Stocks
  
20,041
37,948

Debtors: amounts falling due within one year
 5 
1,466,540
1,795,622

Cash at bank and in hand
  
668,485
521,084

  
2,155,066
2,354,654

Creditors: amounts falling due within one year
 6 
(1,363,611)
(1,386,782)

Net current assets
  
 
 
791,455
 
 
967,872

Total assets less current liabilities
  
1,915,406
1,987,355

Creditors: amounts falling due after more than one year
 7 
(903,995)
(900,929)

Provisions for liabilities
  

Deferred tax
 10 
(144,805)
(125,111)

  
 
 
(144,805)
 
 
(125,111)

Net assets
  
866,606
961,315


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
866,506
961,215

  
866,606
961,315


Page 1

 
GRADUATE LANDSCAPES LIMITED
REGISTERED NUMBER: 03897996
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






A M Richards
Director

Date: 11 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Graduate Landscapes Limited (03897996) is a private company limited by shares and registered in England and Wales. The registered office is Lake House, Haselmere Road, Liphook, Hampshire, GU30 7LG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Land & buildings
-
5%
straight line basis
Plant & machinery
-
25%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Fixtures & fittings
-
15%
reducing balance basis
Office equipment
-
Computer equipment
-
25%
reducing balance basis
Other tangible fixed assets
-
10%
straight line basis on premises improvements

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors 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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 64 (2023 - 63).

Page 6

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
490,069
561,933
693,875
97,511
1,843,388


Additions
4,148
177,261
109,180
8,393
298,982


Disposals
-
(7,400)
(14,250)
-
(21,650)



At 31 March 2024

494,217
731,794
788,805
105,904
2,120,720



Depreciation


At 1 April 2023
48,274
304,976
400,799
69,854
823,903


Charge for the year on owned assets
9,305
93,586
82,992
7,989
193,872


Disposals
-
(7,258)
(13,748)
-
(21,006)



At 31 March 2024

57,579
391,304
470,043
77,843
996,769



Net book value



At 31 March 2024
436,638
340,490
318,762
28,061
1,123,951



At 31 March 2023
441,795
256,957
293,075
27,657
1,019,484


5.


Debtors

2024
2023
£
£


Trade debtors
375,625
576,045

Other debtors
62,441
479,971

Accrued income and prepayments
1,028,474
739,606

1,466,540
1,795,622


Page 7

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,715
20,016

Trade creditors
816,123
768,941

Corporation tax
155,335
80,741

Other taxation and social security
66,856
66,114

Obligations under finance lease and hire purchase contracts
126,764
110,781

Other creditors
39,276
31,829

Accruals and deferred income
138,542
308,360

1,363,611
1,386,782



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
654,876
675,869

Net obligations under finance leases and hire purchase contracts
249,119
225,060

903,995
900,929


Page 8

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,715
20,016


20,715
20,016

Amounts falling due 1-2 years

Bank loans
82,858
80,063


82,858
80,063


Amounts falling due after more than 5 years

Bank loans
572,018
595,806

572,018
595,806

675,591
695,885



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
126,764
110,781

Between 1-5 years
249,119
225,060

375,883
335,841

Page 9

 
GRADUATE LANDSCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
(125,111)


Charged to profit or loss
(19,694)



At end of year
(144,805)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(144,805)
(125,111)

(144,805)
(125,111)

 
Page 10