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Registration number: 07030719

ACW Garden Service (Holdings) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

ACW Garden Service (Holdings) Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

ACW Garden Service (Holdings) Limited

(Registration number: 07030719)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

250,000

 

250,000

Investments

5

 

100

 

100

   

250,100

 

250,100

Current assets

   

 

Debtors

6

250,000

 

-

 

Cash at bank and in hand

 

5,912

 

2,724

 

 

255,912

 

2,724

 

Creditors: Amounts falling due within one year

7

(251,215)

 

(2,269)

 

Net current assets

   

4,697

 

455

Net assets

   

254,797

 

250,555

Capital and reserves

   

 

Called up share capital

9

100

 

100

 

Revaluation reserve

250,000

 

250,000

 

Retained earnings

4,697

 

455

 

Shareholders' funds

   

254,797

 

250,555

 

ACW Garden Service (Holdings) Limited

(Registration number: 07030719)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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.

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 25 November 2024 and signed on its behalf by:
 

.........................................
M R Walmsley
Director

 

ACW Garden Service (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 June 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:
Bankwood House
Woodbank Nurseries
Harden Road
Bingley
BD16 1BE

These financial statements were authorised for issue by the Board on 25 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

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

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.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemptions available under FRS 102, Section 33 Related party disclosures and UK Statutory Instruments, 1 Sch.72 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Group accounts not prepared

The company has taken advantage of the exemption from preparing group accounts on the basis it is a small group under section 383 of the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current 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 corporation 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.

 

ACW Garden Service (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the statement of financial position at their historical cost amount (or deemed cost for land and buildings held at valuation at the date of transition to Financial Reporting Standard 102).

Depreciation

No depreciation is charged on freehold land due to the nature of the asset.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Fixed asset investments

Investments in equity shares which are not publicly traded or where the fair value can be measured reliably are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity.

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.

 

ACW Garden Service (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

ACW Garden Service (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

250,000

250,000

At 30 June 2024

250,000

250,000

Depreciation

Carrying amount

At 30 June 2024

250,000

250,000

At 30 June 2023

250,000

250,000

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

6

Debtors

Current

2024
£

2023
£

Amounts owed by related parties

250,000

-

 

250,000

-

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

250,000

-

Taxation and social security

 

1,215

969

Accruals and deferred income

 

-

1,300

 

251,215

2,269

 

ACW Garden Service (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

250,000

-

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary "A" shares of £1 each

20

20

20

20

Ordinary "B" shares of £1 each

20

20

20

20

Ordinary "C" shares of £1 each

25

25

25

25

Ordinary "D" shares of £1 each

25

25

25

25

Ordinary "E" shares of £1 each

10

10

10

10

 

100

100

100

100

10

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

250,000