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COMPANY REGISTRATION NUMBER: 14938995
WETHERBY LANDSCAPES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 June 2024
WETHERBY LANDSCAPES LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
30 Jun 24
Note
£
£
FIXED ASSETS
Tangible assets
4
495
CURRENT ASSETS
Debtors
5
2,000
Cash at bank and in hand
36,268
--------
38,268
CREDITORS: amounts falling due within one year
6
( 36,668)
--------
NET CURRENT ASSETS
1,600
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,095
-------
NET ASSETS
2,095
-------
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
1,995
-------
SHAREHOLDERS FUNDS
2,095
-------
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 comprehensive income has not been delivered.
For the period ending 30 June 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 period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WETHERBY LANDSCAPES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 18 February 2025 , and are signed on behalf of the board by:
J Durkin
Director
Company registration number: 14938995
WETHERBY LANDSCAPES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 15 JUNE 2023 TO 30 JUNE 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 20-22 Bridge End, Leeds, United Kingdom, LS1 4DJ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2022. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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 & machinery
-
25% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Plant and machinery
Total
£
£
Cost
At 15 June 2023
Additions
660
660
----
----
At 30 June 2024
660
660
----
----
Depreciation
At 15 June 2023
Charge for the period
165
165
----
----
At 30 June 2024
165
165
----
----
Carrying amount
At 30 June 2024
495
495
----
----
5. DEBTORS
30 Jun 24
£
Trade debtors
2,000
-------
6. CREDITORS: amounts falling due within one year
30 Jun 24
£
Trade creditors
2,121
Corporation tax
6,216
Other creditors
28,331
--------
36,668
--------
7. TRANSITION TO FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2022.
No transitional adjustments were required in equity or profit or loss for the period.