Hever Landscapes Ltd
Registered number: 05431419
Statement of financial position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 13,330 12,830
Current assets
Stocks 23,092 14,129
Debtors 5 98,896 82,793
Cash at bank and in hand 31,296 24,034
153,284 120,956
Creditors: amounts falling due within one year 6 (49,759) (43,485)
Net current assets 103,525 77,471
Total assets less current liabilities 116,855 90,301
Provisions for liabilities (2,533) (2,438)
Net assets 114,322 87,863
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,222 87,763
Shareholders' funds 114,322 87,863
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 members have 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 statement of comprehensive income has not been delivered to the Registrar of Companies.
Mr K H Kleinschmidt
Director
Approved by the board on 29 January 2025
Hever Landscapes Ltd
Notes to the financial statements
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:
Plant and machinery 20% written down allowance
Fixtures, fittings, tools and equipment 20% written down allowance
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 and work in progress 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 19,875
At 30 April 2024 19,875
Amortisation
At 1 May 2023 19,875
At 30 April 2024 19,875
Net book value
At 30 April 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 63,786 9,745 73,531
Additions 3,833 - 3,833
At 30 April 2024 67,619 9,745 77,364
Depreciation
At 1 May 2023 51,391 9,310 60,701
Charge for the year 3,246 87 3,333
At 30 April 2024 54,637 9,397 64,034
Net book value
At 30 April 2024 12,982 348 13,330
At 30 April 2023 12,395 435 12,830
5 Debtors 2024 2023
£ £
Trade debtors 98,325 82,254
Other debtors 571 539
98,896 82,793
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,609 1,934
Taxation and social security costs 37,281 31,437
Other creditors 9,869 10,114
49,759 43,485
7 Other information
Hever Landscapes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Salehurst Barn
Oak Lane
Blackham
Tunbridge Wells
TN3 9UB
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