ILH Groundcare Machinery Ltd SC693477 retail of heavy machinery false 1 April 2023 SC693477 2023-04-01 2024-03-31 SC693477 2023-03-31 SC693477 2024-03-31 SC693477 2022-04-01 2023-03-31 SC693477 2022-03-31 SC693477 2023-03-31 SC693477 frs102-bus:FRS102 2023-04-01 2024-03-31 SC693477 frs102-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC693477 frs102-bus:FullAccounts 2023-04-01 2024-03-31 SC693477 frs102-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC693477 frs102-core:CurrentFinancialInstruments 2024-03-31 SC693477 frs102-core:CurrentFinancialInstruments 2023-03-31 SC693477 frs102-core:Non-currentFinancialInstruments 2024-03-31 SC693477 frs102-core:Non-currentFinancialInstruments 2023-03-31 SC693477 frs102-core:ShareCapital 2024-03-31 SC693477 frs102-core:ShareCapital 2023-03-31 SC693477 frs102-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC693477 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC693477 frs102-bus:Director1 2023-04-01 2024-03-31 SC693477 frs102-core:ComputerEquipment 2023-04-01 2024-03-31 SC693477 frs102-core:FurnitureFittings 2023-04-01 2024-03-31 SC693477 frs102-core:OfficeEquipment 2023-04-01 2024-03-31 SC693477 frs102-core:Vehicles 2023-04-01 2024-03-31 SC693477 frs102-core:PlantMachinery 2023-04-01 2024-03-31 SC693477 frs102-core:ComputerEquipment 2023-03-31 SC693477 frs102-core:FurnitureFittings 2023-03-31 SC693477 frs102-core:OfficeEquipment 2023-03-31 SC693477 frs102-core:Vehicles 2023-03-31 SC693477 frs102-core:PlantMachinery 2023-03-31 SC693477 frs102-core:ComputerEquipment 2024-03-31 SC693477 frs102-core:FurnitureFittings 2024-03-31 SC693477 frs102-core:OfficeEquipment 2024-03-31 SC693477 frs102-core:Vehicles 2024-03-31 SC693477 frs102-core:PlantMachinery 2024-03-31 SC693477 frs102-core:ComputerEquipment 2023-03-31 SC693477 frs102-core:FurnitureFittings 2023-03-31 SC693477 frs102-core:OfficeEquipment 2023-03-31 SC693477 frs102-core:Vehicles 2023-03-31 SC693477 frs102-core:PlantMachinery 2023-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2024-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2023-03-31 SC693477 frs102-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC693477
ILH Groundcare Machinery Ltd
Unaudited Accounts
for the year ended
31 March 2024
ILH Groundcare Machinery Ltd
Balance Sheet
as at 31 March 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 594,899 360,702
594,899 360,702
Current assets
Stocks 4 203,566 203,566
Debtors 5 201,067 232,940
Cash at bank and in hand 414,600 469,474
819,233 905,980
Creditors: amounts falling due within one year 6 (516,657) (659,465)
Net current assets / (liabilities) 302,576 246,515
Total assets less current liabilities 897,475 607,217
Creditors: amounts falling due after more than one year 7 (199,762) (70,498)
Provisions for liabilities (112,879) (70,028)
Accruals and deferred income (6,113) (0)
Total net assets (liabilities) 578,721 466,691
Capital and reserves
Called up share capital 8 30 30
Profit and loss account 578,691 466,661
Shareholders' funds 578,721 466,691

ILH Groundcare Machinery Ltd
Balance Sheet
as at 31 March 2024



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Signed on behalf of the board of directors

...............................

Mr D Hastie

Director


Approved by the board on 27 January 2025

Company Number: SC693477 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

Unit 66 Grayshill Road
Cumbernauld
Glasgow
G68 9HQ
Scotland

ILH Groundcare Machinery Ltd
Notes to the Accounts
for the year ended 31 March 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 33.3% Straight Line
Fixtures & Fittings 33.3% Straight Line
Office equipment 33.3% Straight Line
Vehicles 25% Reducing Balance
Plant & machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Employees
2024 2023
Average number of employees during the period 4 4

3. Tangible fixed assets
Computer equipment Fixtures & Fittings Office equipment Vehicles Plant & machinery Total
Cost or valuation £ £ £ £ £ £
At 1 April 2023 300 2,931 6,981 78,677 380,819 469,708
Additions 0 3,599 2,723 32,412 310,983 349,717
At 31 March 2024 300 6,530 9,704 111,089 691,802 819,425
Depreciation
At 1 April 2023 200 1,036 1,962 6,344 99,464 109,006
Charge for the period 0 1,393 2,787 21,542 89,798 115,520
At 31 March 2024 200 2,429 4,749 27,886 189,262 224,526
Net book value
At 31 March 2024 100 4,101 4,955 83,203 502,540 594,899
At 31 March 2023 100 1,895 5,019 72,333 281,355 360,702

4. Stocks
2024 2023
£ £
Finished goods 203,566 203,566
203,566 203,566

5. Debtors
2024 2023
£ £
Trade debtors 173,074 232,940
Other debtors 27,993 0
201,067 232,940

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 50,116 27,561
Trade creditors 373,939 494,125
Taxation & social security 10,798 (1,380)
Other creditors 81,804 139,159
516,657 659,465

7. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 199,762 70,498
199,762 70,498

8. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
30 (2023: 30) Ordinary shares of £1.00 each 30 30
30 30

9. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Mr Darren Hastie. The relationship between the parties is Director. At the balance sheet date the company owed the related party £5,667 (2023 - £47,139).

During the period of accounts a transaction occurred between this company and a related party, Mr Ian Hastie. The relationship between the parties is Director. At the balance sheet date the company owed the related party £71,825 (2023 - £70,298).

During the period of accounts a transaction occurred between this company and a related party, Mr Daniel Hastie. The relationship between the parties is Shareholder.


Controlling party
Mr Darren Hastie, Mr Ian Hastie and Mr Daniel Hastie are the ultimate controlling party.