Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs C Wrayford 27/03/2018 Mr R A Wrayford 27/03/2018 28 December 2024 The principal activity of the company during the financial year was that of garden and grounds maintenance. 11278063 2024-03-31 11278063 bus:Director1 2024-03-31 11278063 bus:Director2 2024-03-31 11278063 2023-03-31 11278063 core:CurrentFinancialInstruments 2024-03-31 11278063 core:CurrentFinancialInstruments 2023-03-31 11278063 core:Non-currentFinancialInstruments 2024-03-31 11278063 core:Non-currentFinancialInstruments 2023-03-31 11278063 core:ShareCapital 2024-03-31 11278063 core:ShareCapital 2023-03-31 11278063 core:RetainedEarningsAccumulatedLosses 2024-03-31 11278063 core:RetainedEarningsAccumulatedLosses 2023-03-31 11278063 core:Goodwill 2023-03-31 11278063 core:Goodwill 2024-03-31 11278063 core:PlantMachinery 2023-03-31 11278063 core:Vehicles 2023-03-31 11278063 core:ComputerEquipment 2023-03-31 11278063 core:PlantMachinery 2024-03-31 11278063 core:Vehicles 2024-03-31 11278063 core:ComputerEquipment 2024-03-31 11278063 bus:OrdinaryShareClass1 2024-03-31 11278063 2023-04-01 2024-03-31 11278063 bus:FilletedAccounts 2023-04-01 2024-03-31 11278063 bus:SmallEntities 2023-04-01 2024-03-31 11278063 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11278063 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11278063 bus:Director1 2023-04-01 2024-03-31 11278063 bus:Director2 2023-04-01 2024-03-31 11278063 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 11278063 core:PlantMachinery 2023-04-01 2024-03-31 11278063 core:Vehicles 2023-04-01 2024-03-31 11278063 core:ComputerEquipment 2023-04-01 2024-03-31 11278063 2022-04-01 2023-03-31 11278063 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 11278063 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11278063 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11278063 (England and Wales)

R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

BALANCE SHEET

As at 31 March 2024
R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 37,933 47,358
37,933 47,358
Current assets
Stocks 150 200
Debtors 5 6,083 2,681
Cash at bank and in hand 0 785
6,233 3,666
Creditors: amounts falling due within one year 6 ( 22,825) ( 27,960)
Net current liabilities (16,592) (24,294)
Total assets less current liabilities 21,341 23,064
Creditors: amounts falling due after more than one year 7 ( 10,972) ( 19,310)
Net assets 10,369 3,754
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 10,367 3,752
Total shareholders' funds 10,369 3,754

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of R A Wrayford Garden and Grounds Maintenance Limited (registered number: 11278063) were approved and authorised for issue by the Board of Directors on 28 December 2024. They were signed on its behalf by:

Mr R A Wrayford
Director
Mrs C Wrayford
Director
R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
R A WRAYFORD GARDEN AND GROUNDS MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R A Wrayford Garden and Grounds Maintenance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 10,000 10,000
At 31 March 2024 10,000 10,000
Accumulated amortisation
At 01 April 2023 10,000 10,000
At 31 March 2024 10,000 10,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 51,480 25,710 1,235 78,425
Additions 0 0 68 68
Disposals 0 0 ( 30) ( 30)
At 31 March 2024 51,480 25,710 1,273 78,463
Accumulated depreciation
At 01 April 2023 21,120 9,256 691 31,067
Charge for the financial year 6,072 3,291 122 9,485
Disposals 0 0 ( 22) ( 22)
At 31 March 2024 27,192 12,547 791 40,530
Net book value
At 31 March 2024 24,288 13,163 482 37,933
At 31 March 2023 30,360 16,454 544 47,358

5. Debtors

2024 2023
£ £
Trade debtors 1,500 2,292
Other debtors 4,583 389
6,083 2,681

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 7,882 3,000
Trade creditors 91 581
Taxation and social security 8,817 4,648
Obligations under finance leases and hire purchase contracts 5,137 6,189
Other creditors 898 13,542
22,825 27,960

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 3,750 6,750
Obligations under finance leases and hire purchase contracts 7,222 12,560
10,972 19,310

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to/(by) directors (4,492) 12,628

R A Wrayford Garden and Grounds Maintenance Limited operates a loan with the company's directors. The loan has no fixed repayment date and bears interest at 2.25% on amounts exceeding £10,000.