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REGISTERED NUMBER: 10524812 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MID CORNWALL LANDSCAPING LIMITED

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MID CORNWALL LANDSCAPING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C J Plant
E D Plant





REGISTERED OFFICE: Tolgarrick Farm
Coombe
St Austell
Cornwall
PL26 7LR





REGISTERED NUMBER: 10524812 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,343 87,148
72,343 87,148

CURRENT ASSETS
Stocks 16,548 12,363
Debtors 6 137,492 135,418
Cash at bank and in hand 106,437 174,780
260,477 322,561
CREDITORS
Amounts falling due within one year 7 242,629 281,527
NET CURRENT ASSETS 17,848 41,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,191

128,182

CREDITORS
Amounts falling due after more than one
year

8

(74,167

)

(91,543

)

PROVISIONS FOR LIABILITIES (13,745 ) (16,558 )
NET ASSETS 2,279 20,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,179 19,981
SHAREHOLDERS' FUNDS 2,279 20,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





C J Plant - Director


MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mid Cornwall Landscaping Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on the sale of goods as they are delivered to the customers. Where the contract is for goods and services as part of a development project, revenue is recognised to turnover with reference to the stage of completion of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,005
AMORTISATION
At 1 April 2023
and 31 March 2024 15,005
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 227,249
Additions 9,778
Disposals (1,850 )
At 31 March 2024 235,177
DEPRECIATION
At 1 April 2023 140,101
Charge for year 24,245
Eliminated on disposal (1,512 )
At 31 March 2024 162,834
NET BOOK VALUE
At 31 March 2024 72,343
At 31 March 2023 87,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 33,727
DEPRECIATION
At 1 April 2023 14,756
Charge for year 4,743
At 31 March 2024 19,499
NET BOOK VALUE
At 31 March 2024 14,228
At 31 March 2023 18,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,386 91,279
Other debtors 28,106 44,139
137,492 135,418

MID CORNWALL LANDSCAPING LIMITED (REGISTERED NUMBER: 10524812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 7,376 8,851
Trade creditors 22,046 47,831
Taxation and social security 24,670 26,133
Other creditors 178,537 188,712
242,629 281,527

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts (see note 9) - 7,376
Other creditors 60,000 60,000
74,167 91,543

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,376 8,851
Between one and five years - 7,376
7,376 16,227

Non-cancellable operating leases
2024 2023
£    £   
Between one and five years 54,500 72,500

This is the amount to be paid in rent over the remaining 3 years and 10 months of a 6 year lease.

10. RELATED PARTY DISCLOSURES

At the Year End, the Company owed £1,938 (2023 £1,122) and was owed £5,429 (2023 £5,056) by a company owned by the Directors Mr C and Mrs Plant. The Director's consider the transactions to be at arms length.

At 31 March 2024, the company owed the Directors £202,884 (2023 £206,112).