Registered number
SC356264
William McLellan Landscapes Ltd
Filleted Accounts
31 August 2024
William McLellan Landscapes Ltd
Registered number: SC356264
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,128 19,128
Current assets
Debtors 4 33,435 49,099
Cash at bank and in hand 5,470 2,188
38,905 51,287
Creditors: amounts falling due within one year 5 (22,249) (23,071)
Net current assets 16,656 28,216
Total assets less current liabilities 41,784 47,344
Creditors: amounts falling due after more than one year 6 (21,904) (19,003)
Net assets 19,880 28,341
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,879 28,340
Shareholder's funds 19,880 28,341
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.
William McLellan
Director
Approved by the board on 8 November 2024
William McLellan Landscapes Ltd
Notes to the Accounts
for the year ended 31 August 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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 42,637 45,283 87,920
Additions 13,300 - 13,300
At 31 August 2024 55,937 45,283 101,220
Depreciation
At 1 September 2023 35,041 33,751 68,792
Charge for the year 5,224 2,076 7,300
At 31 August 2024 40,265 35,827 76,092
Net book value
At 31 August 2024 15,672 9,456 25,128
At 31 August 2023 7,596 11,532 19,128
4 Debtors 2024 2023
£ £
Trade debtors 17,925 25,443
Other debtors 15,510 23,656
33,435 49,099
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,490 20,384
Taxation and social security costs 4,759 2,687
22,249 23,071
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,576 18,789
Other creditors 328 214
21,904 19,003
7 Other information
William McLellan Landscapes Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is 30 Camp Place, Callander FK17 8DF:
William McLellan Landscapes Ltd SC356264 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 William McLellan No description of principal activity SC356264 2022-09-01 2023-08-31 SC356264 core:WithinOneYear 2023-08-31 SC356264 core:AfterOneYear 2023-08-31 SC356264 core:ShareCapital 2023-08-31 SC356264 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC356264 2023-09-01 2024-08-31 SC356264 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC356264 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC356264 bus:Director40 2023-09-01 2024-08-31 SC356264 1 2023-09-01 2024-08-31 SC356264 2 2023-09-01 2024-08-31 SC356264 core:PlantMachinery 2023-09-01 2024-08-31 SC356264 core:Vehicles 2023-09-01 2024-08-31 SC356264 countries:England 2023-09-01 2024-08-31 SC356264 bus:FRS102 2023-09-01 2024-08-31 SC356264 bus:FilletedAccounts 2023-09-01 2024-08-31 SC356264 2024-08-31 SC356264 core:WithinOneYear 2024-08-31 SC356264 core:AfterOneYear 2024-08-31 SC356264 core:ShareCapital 2024-08-31 SC356264 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC356264 core:PlantMachinery 2024-08-31 SC356264 core:Vehicles 2024-08-31 SC356264 2023-08-31 SC356264 core:PlantMachinery 2023-08-31 SC356264 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure