IRIS Accounts Production v24.3.2.46 07872079 director 31.12.22 30.12.23 30.12.23 13/1/25 false true true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078720792022-12-30078720792023-12-30078720792022-12-312023-12-30078720792021-12-31078720792022-01-012022-12-30078720792022-12-3007872079ns15:EnglandWales2022-12-312023-12-3007872079ns14:PoundSterling2022-12-312023-12-3007872079ns10:Director12022-12-312023-12-3007872079ns10:PrivateLimitedCompanyLtd2022-12-312023-12-3007872079ns10:SmallEntities2022-12-312023-12-3007872079ns10:Audited2022-12-312023-12-3007872079ns10:SmallCompaniesRegimeForDirectorsReport2022-12-312023-12-3007872079ns10:SmallCompaniesRegimeForAccounts2022-12-312023-12-3007872079ns10:FullAccounts2022-12-312023-12-300787207912022-12-312023-12-3007872079ns10:RegisteredOffice2022-12-312023-12-3007872079ns10:Director22022-12-312023-12-3007872079ns10:Director32022-12-312023-12-3007872079ns5:CurrentFinancialInstruments2023-12-3007872079ns5:CurrentFinancialInstruments2022-12-3007872079ns5:Non-currentFinancialInstruments2023-12-3007872079ns5:Non-currentFinancialInstruments2022-12-3007872079ns5:ShareCapital2023-12-3007872079ns5:ShareCapital2022-12-3007872079ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3007872079ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3007872079ns5:RetainedEarningsAccumulatedLosses2023-12-3007872079ns5:RetainedEarningsAccumulatedLosses2022-12-3007872079ns5:IntangibleAssetsOtherThanGoodwill2022-12-312023-12-3007872079ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-312023-12-3007872079ns5:PlantMachinery2022-12-312023-12-3007872079ns5:IntangibleAssetsOtherThanGoodwill2022-12-3007872079ns5:IntangibleAssetsOtherThanGoodwill2023-12-3007872079ns5:IntangibleAssetsOtherThanGoodwill2022-12-3007872079ns5:PlantMachinery2022-12-3007872079ns5:PlantMachinery2023-12-3007872079ns5:PlantMachinery2022-12-3007872079ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3007872079ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3007872079ns5:Secured2023-12-3007872079ns5:Secured2022-12-30
REGISTERED NUMBER: 07872079 (England and Wales)


















REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

ARTIFICIAL GRASS DIRECT LTD.

ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4 to 7


ARTIFICIAL GRASS DIRECT LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: Mr J N G Penninck





REGISTERED OFFICE: 16 Hallsteads
Dove Holes
Buxton
Derbyshire
SK17 8BJ





REGISTERED NUMBER: 07872079 (England and Wales)





AUDITORS: Allens Accountants Limited
Registered Auditors and
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 DECEMBER 2023

The director presents his report with the financial statements of the company for the year ended 30 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the supply of artificial turf products.

DIRECTORS
Mr J N G Penninck has held office during the whole of the period from 31 December 2022 to the date of this report.

Other changes in directors holding office are as follows:

Mr M S Tittershill - resigned 21 April 2023
Mrs J Boyd - appointed 21 April 2023 - resigned 31 July 2023

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J N G Penninck - Director


13 January 2025

ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

BALANCE SHEET
30 DECEMBER 2023

30/12/23 30/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,294
Tangible assets 5 6,766 9,353
6,766 10,647

CURRENT ASSETS
Debtors 6 76,924 191,556
Cash at bank and in hand 144,206 59,966
221,130 251,522
CREDITORS
Amounts falling due within one year 7 115,744 107,682
NET CURRENT ASSETS 105,386 143,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,152

154,487

CREDITORS
Amounts falling due after more than one
year

8

355,174

410,746
NET LIABILITIES (243,022 ) (256,259 )

CAPITAL AND RESERVES
Called up share capital 100 100
Capital contribution and distribution reserve - 314,000
Retained earnings (243,122 ) (570,359 )
SHAREHOLDERS' FUNDS (243,022 ) (256,259 )

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 director and authorised for issue on 13 January 2025 and were signed by:





Mr J N G Penninck - Director


ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Artificial Grass Direct Ltd. 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.

Going concern
The directors have a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future and will continue to have support of the group. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to continue to trade. The director's have prepared cashflow forecasts for a period of at least 12 months from the date of approving the financial statements, which include the capital expenditure cashflows required for future expansion of the Company. The directors have obtained confirmation from the group that they will continue to provide financial support to the Company. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is wholly attributable to the principle activity of the Company and has arisen within the United Kingdom and Europe. Turnover relates to the sale of goods and provision of installation services.

For the supply of goods, turnover is recognised when the goods are physically delivered to the customer. For installation, turnover is recognised by reference to the stage of completion of the installation project.

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.

Development costs are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.


ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 December 2022
and 30 December 2023 10,350
AMORTISATION
At 31 December 2022 9,056
Charge for year 1,294
At 30 December 2023 10,350
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 1,294

ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022
and 30 December 2023 33,341
DEPRECIATION
At 31 December 2022 23,988
Charge for year 2,587
At 30 December 2023 26,575
NET BOOK VALUE
At 30 December 2023 6,766
At 30 December 2022 9,353

6. DEBTORS
30/12/23 30/12/22
£    £   
Amounts falling due within one year:
Trade debtors 71,747 156,167
Other debtors 5,177 3,964
76,924 160,131

Amounts falling due after more than one year:
Amounts owed by group undertakings - 31,425

Aggregate amounts 76,924 191,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/12/23 30/12/22
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 18,355 8,612
Taxation and social security 67,723 64,368
Other creditors 4,666 9,702
115,744 107,682

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/12/23 30/12/22
£    £   
Bank loans 35,417 60,417
Amounts owed to group undertakings 319,757 350,329
355,174 410,746

ARTIFICIAL GRASS DIRECT LTD. (REGISTERED NUMBER: 07872079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30/12/23 30/12/22
£    £   
Bank loans 60,417 85,417

Santander UK Plc have fixed and floating charge over the undertaking and all property and assets present and future dated 22nd February 2019.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dean McMullan (Senior Statutory Auditor)
for and on behalf of Allens Accountants Limited

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its immediate parent company, Sports and Leisure Group NV, a company incorporated in Belgium. The ultimate parent company is NIH VII Mem Holdings S,a,r,l, a company incorporated in Luxembourg. The largest and smallest group in which the results of the Company are consolidated is that headed by Viridis Holdings BV, a company incorporated in Belgium. The consolidated accounts are available to the public and may be obtained from the Belgian trade register.