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Registration number: 02925611

Barcombe Landscapes Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Barcombe Landscapes Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Barcombe Landscapes Limited

Company Information

Directors

B M H Cooper

D C T Cooper

Company secretary

B M H Cooper

Registered office

Springlands
Town Littleworth Cooksbridge
Lewes
East Sussex
BN8 4TH

Accountants

Manningtons
8 High Street
High Street
Heathfield
East Sussex
TN21 8LS

 

Barcombe Landscapes Limited

(Registration number: 02925611)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

397,488

280,412

Current assets

 

Stocks

5

20,853

14,065

Debtors

6

20,342

47,325

Cash at bank and in hand

 

36,022

28,217

 

77,217

89,607

Creditors: Amounts falling due within one year

7

(119,919)

(54,486)

Net current (liabilities)/assets

 

(42,702)

35,121

Net assets

 

354,786

315,533

Capital and reserves

 

Called up share capital

3

3

Retained earnings

354,783

315,530

Shareholders' funds

 

354,786

315,533

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2024 and signed on its behalf by:
 

 

Barcombe Landscapes Limited

(Registration number: 02925611)
Balance Sheet as at 31 May 2024

.........................................
B M H Cooper
Company secretary and director

.........................................
D C T Cooper
Director

 
     
 

Barcombe Landscapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springlands
Town Littleworth Cooksbridge
Lewes
East Sussex
BN8 4TH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Barcombe Landscapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing Balance

Motor Vehicles

25% Reducing Balance

Computer Equipment

3 Year Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Barcombe Landscapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

 

Barcombe Landscapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

178,138

292

16,327

302,350

497,107

Additions

126,727

-

2,050

11,663

140,440

At 31 May 2024

304,865

292

18,377

314,013

637,547

Depreciation

At 1 June 2023

-

292

15,029

201,373

216,694

Charge for the year

-

-

837

22,528

23,365

At 31 May 2024

-

292

15,866

223,901

240,059

Carrying amount

At 31 May 2024

304,865

-

2,511

90,112

397,488

At 31 May 2023

178,138

-

1,297

100,977

280,412

Included within the net book value of land and buildings above is £304,865 (2023 - £178,138) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

17,853

8,015

Finished goods and goods for resale

3,000

6,050

20,853

14,065

6

Debtors

2024
£

2023
£

Trade debtors

17,602

44,518

Prepayments

2,740

2,807

20,342

47,325

 

Barcombe Landscapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

13,165

1,519

Taxation and social security

34,165

38,262

Accruals and deferred income

6,723

5,839

Director loan account

65,866

8,866

119,919

54,486