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Registration number: 06491538

BRS Landscapes Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

BRS Landscapes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

BRS Landscapes Ltd

Company Information

Directors

Mr B R Smith

Miss Anna Easterby

Registered office

Stoneygate House
2 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Accountants

V&A Vigar Group Ltd
Chartered Accountants and Chartered Tax Advisers
PO Box 270
Holmfirth
HD9 9EL

 

BRS Landscapes Ltd

(Registration number: 06491538)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

15,295

11,274

Tangible assets

5

199,570

193,184

 

214,865

204,458

Current assets

 

Debtors

6

17,269

43,527

Cash at bank and in hand

 

17,100

19,497

 

34,369

63,024

Creditors: Amounts falling due within one year

7

(73,718)

(79,197)

Net current liabilities

 

(39,349)

(16,173)

Total assets less current liabilities

 

175,516

188,285

Creditors: Amounts falling due after more than one year

7

(152,160)

(151,154)

Provisions for liabilities

(10,727)

(9,557)

Net assets

 

12,629

27,574

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

12,627

27,572

Shareholders' funds

 

12,629

27,574

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

BRS Landscapes Ltd

(Registration number: 06491538)
Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 November 2024 and signed on its behalf by:
 

.........................................
Mr B R Smith
Director

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stoneygate House
2 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT
England

The principal place of business is:
Holme Bank Farm
Pontefract Road
Crofton
Wakefield
WF4 1LW
United Kingdom

These financial statements were authorised for issue by the Board on 30 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Government grants

Grant income is accounted for on an accruals basis.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25%, 20% or 10% straight line

Office equipment

33.33% straight line

Fixtures, fittings and equipment

33.33% straight line

Motor vehicles

10% or 20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Goodwill
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 March 2023

85,000

11,274

96,274

Additions acquired separately

-

4,021

4,021

At 29 February 2024

85,000

15,295

100,295

Amortisation

At 1 March 2023

85,000

-

85,000

At 29 February 2024

85,000

-

85,000

Carrying amount

At 29 February 2024

-

15,295

15,295

At 28 February 2023

-

11,274

11,274

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

12,663

198,712

6,308

142,493

360,176

Additions

-

12,499

274

88,162

100,935

Disposals

(188)

(32,001)

(1,683)

(57,995)

(91,867)

At 29 February 2024

12,475

179,210

4,899

172,660

369,244

Depreciation

At 1 March 2023

4,455

108,137

3,994

50,406

166,992

Charge for the year

4,117

20,842

1,208

25,247

51,414

Eliminated on disposal

(188)

(30,001)

(1,683)

(16,860)

(48,732)

At 29 February 2024

8,384

98,978

3,519

58,793

169,674

Carrying amount

At 29 February 2024

4,091

80,232

1,380

113,867

199,570

At 28 February 2023

8,208

90,575

2,314

92,087

193,184

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

6,643

1,851

Prepayments

6,353

5,203

Other debtors

4,273

36,473

 

17,269

43,527

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

19,145

7,617

Trade creditors

 

44,883

67,243

Taxation and social security

 

6,697

-

Other creditors

 

2,993

4,337

 

73,718

79,197

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

152,160

151,154

 

BRS Landscapes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

Ordinary A of £1 each

1

1

1

1

2

2

2

2

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 2,000.00 (2023 - 31,250.00) per each Ordinary

2,000

31,250

Interim dividend of 2,000.00 (2023 - 37,430.00) per each Ordinary A

2,000

37,430

4,000

68,680