Registered number
04199301
Dave Edmondson Landscapes Ltd
Unaudited Filleted Accounts
For the Year Ended
30 April 2024
Dave Edmondson Landscapes Ltd
Registered number: 04199301
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 44,145 16,016
Current assets
Stocks 390,512 361,739
Cash at bank and in hand 28,763 21,217
419,275 382,956
Creditors: amounts falling due within one year 5 (164,177) (122,929)
Net current assets 255,098 260,027
Total assets less current liabilities 299,243 276,043
Creditors: amounts falling due after more than one year 6 (180,809) (172,407)
Provisions for liabilities (8,388) (3,043)
Net assets 110,046 100,593
Capital and reserves
Called up share capital 100 100
Profit and loss account 109,946 100,493
Shareholder's funds 110,046 100,593
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.
S E Edmondson
Director
Approved by the board on 16 January 2025
Dave Edmondson Landscapes Ltd
Notes to the Accounts
for the year ended 30 April 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Tools and equipment 15% reducing balance
Computers over 3 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company, including Directors. 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 10,000
At 30 April 2024 10,000
Amortisation
At 1 May 2023 10,000
At 30 April 2024 10,000
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 60,672 22,575 83,247
Additions - 36,495 36,495
At 30 April 2024 60,672 59,070 119,742
Depreciation
At 1 May 2023 51,054 16,177 67,231
Charge for the year 1,444 6,922 8,366
At 30 April 2024 52,498 23,099 75,597
Net book value
At 30 April 2024 8,174 35,971 44,145
At 30 April 2023 9,618 6,398 16,016
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,200 13,200
Obligations under finance lease and hire purchase contracts 7,299 -
Trade creditors 2,190 9,282
Taxation and social security costs 27,400 28,853
Other creditors 114,088 71,594
164,177 122,929
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 155,871 172,407
Obligations under finance lease and hire purchase contracts 24,938 -
180,809 172,407
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 169,071 185,607
8 Other information
Dave Edmondson Landscapes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Manor Farm
New Biggin
Carnforth
Lancashire
LA6 2PL
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