11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 08043796 2023-05-01 2024-04-30 08043796 2024-04-30 08043796 2023-04-30 08043796 2022-05-01 2023-04-30 08043796 2023-04-30 08043796 2022-04-30 08043796 core:NetGoodwill 2023-05-01 2024-04-30 08043796 core:PlantMachinery 2023-05-01 2024-04-30 08043796 core:MotorVehicles 2023-05-01 2024-04-30 08043796 bus:Director1 2023-05-01 2024-04-30 08043796 core:NetGoodwill 2024-04-30 08043796 core:PlantMachinery 2023-04-30 08043796 core:MotorVehicles 2023-04-30 08043796 core:PlantMachinery 2024-04-30 08043796 core:MotorVehicles 2024-04-30 08043796 core:WithinOneYear 2024-04-30 08043796 core:WithinOneYear 2023-04-30 08043796 core:AfterOneYear 2024-04-30 08043796 core:AfterOneYear 2023-04-30 08043796 core:ShareCapital 2024-04-30 08043796 core:ShareCapital 2023-04-30 08043796 core:RetainedEarningsAccumulatedLosses 2024-04-30 08043796 core:RetainedEarningsAccumulatedLosses 2023-04-30 08043796 core:PlantMachinery 2023-04-30 08043796 core:MotorVehicles 2023-04-30 08043796 bus:Director1 2023-04-30 08043796 bus:Director1 2024-04-30 08043796 bus:Director1 2022-04-30 08043796 bus:Director1 2023-04-30 08043796 bus:Director1 2022-05-01 2023-04-30 08043796 bus:SmallEntities 2023-05-01 2024-04-30 08043796 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08043796 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08043796 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08043796 bus:FullAccounts 2023-05-01 2024-04-30 08043796 core:OfficeEquipment 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 08043796
PMB Landscapes Ltd
Filleted Unaudited Financial Statements
30 April 2024
PMB Landscapes Ltd
Statement of Financial Position
30 April 2024
2024
2023
(restated)
Note
£
£
£
Fixed Assets
Tangible assets
6
57,966
60,309
Current Assets
Stocks
16,600
32,701
Debtors
7
128,307
125,973
Cash at bank and in hand
37,399
29,962
---------
---------
182,306
188,636
Creditors: amounts falling due within one year
8
117,519
163,112
---------
---------
Net Current Assets
64,787
25,524
---------
--------
Total Assets Less Current Liabilities
122,753
85,833
Creditors: amounts falling due after more than one year
9
16,374
32,599
Provisions
Taxation including deferred tax
14,491
15,077
---------
--------
Net Assets
91,888
38,157
---------
--------
PMB Landscapes Ltd
Statement of Financial Position (continued)
30 April 2024
2024
2023
(restated)
Note
£
£
£
Capital and Reserves
Called up share capital
2
2
Profit and loss account
91,886
38,155
--------
--------
Shareholders Funds
91,888
38,157
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr P M Bransby
Director
Company registration number: 08043796
PMB Landscapes Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, Pembroke House, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
The turnover shown in the profit and loss account represents the value of services provided during the year, exclusive of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactional value and subsequently measured at their settlement value. Prepayments and deferred income do not constitute basic financial instruments.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 (as restated) and 30 April 2024
10,000
--------
Amortisation
At 1 May 2023 and 30 April 2024
10,000
--------
Carrying amount
At 30 April 2024
--------
At 30 April 2023
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 May 2023 (as restated)
111,368
86,125
4,763
202,256
Additions
16,000
978
16,978
---------
---------
-------
---------
At 30 April 2024
111,368
102,125
5,741
219,234
---------
---------
-------
---------
Depreciation
At 1 May 2023
73,110
65,177
3,660
141,947
Charge for the year
9,564
9,237
520
19,321
---------
---------
-------
---------
At 30 April 2024
82,674
74,414
4,180
161,268
---------
---------
-------
---------
Carrying amount
At 30 April 2024
28,694
27,711
1,561
57,966
---------
---------
-------
---------
At 30 April 2023
38,258
20,948
1,103
60,309
---------
---------
-------
---------
7. Debtors
2024
2023
(restated)
£
£
Trade debtors
12,539
18,439
Other debtors
115,768
107,534
---------
---------
128,307
125,973
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
(restated)
£
£
Bank loans and overdrafts
10,225
9,971
Trade creditors
49,180
51,592
Corporation tax
36,786
35,138
Social security and other taxes
10,967
47,361
Other creditors
10,361
19,050
---------
---------
117,519
163,112
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
(restated)
£
£
Bank loans and overdrafts
11,374
21,599
Other creditors
5,000
11,000
--------
--------
16,374
32,599
--------
--------
10. Prior period adjustments
As the company no longer qualifies as being eligible to prepare accounts under FRS105, financial statements for the year ended 30 April 2024 have been prepared in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The transitional adjustments made related to the recognition of a provision for deferred tax liability which has been recognised as a prior year adjustment in these financial statements as follows:
2024 2023
£ £
Brought forward as previously reported 53,232 10,363
Prior year adjustment:
Year Ended 30 April 2022 deferred tax creditor (13,444) (13,444)
Year Ended 30 April 2023 movement on deferred tax creditor (1,633)
-------- --------
Brought forward reserves as restated 38,155 (3,081)
-------- --------
There were no other adjustments necessary to comply with Section 1A of FRS102.
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P M Bransby
89,436
66,458
( 57,802)
98,092
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P M Bransby
74,937
57,398
( 42,899)
89,436
--------
--------
--------
--------
The above loan is unsecured and repayable on demand. Interest is chargeable on the loan at 2.25%.