8 8 MJS Lawn Care Limited 11010041 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is lawn care services Digita Accounts Production Advanced 6.30.9574.0 true 11010041 2024-01-01 2024-12-31 11010041 2024-12-31 11010041 bus:OrdinaryShareClass1 2024-12-31 11010041 bus:OrdinaryShareClass2 2024-12-31 11010041 core:CurrentFinancialInstruments 2024-12-31 11010041 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11010041 core:Non-currentFinancialInstruments 2024-12-31 11010041 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 11010041 core:Goodwill 2024-12-31 11010041 core:FurnitureFittingsToolsEquipment 2024-12-31 11010041 core:LandBuildings 2024-12-31 11010041 core:MotorVehicles 2024-12-31 11010041 core:OtherPropertyPlantEquipment 2024-12-31 11010041 bus:SmallEntities 2024-01-01 2024-12-31 11010041 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11010041 bus:FilletedAccounts 2024-01-01 2024-12-31 11010041 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11010041 bus:RegisteredOffice 2024-01-01 2024-12-31 11010041 bus:Director1 2024-01-01 2024-12-31 11010041 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11010041 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 11010041 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11010041 core:Goodwill 2024-01-01 2024-12-31 11010041 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 11010041 core:ComputerEquipment 2024-01-01 2024-12-31 11010041 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 11010041 core:LandBuildings 2024-01-01 2024-12-31 11010041 core:LeaseholdImprovements 2024-01-01 2024-12-31 11010041 core:MotorVehicles 2024-01-01 2024-12-31 11010041 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 11010041 core:PlantMachinery 2024-01-01 2024-12-31 11010041 countries:England 2024-01-01 2024-12-31 11010041 2023-12-31 11010041 core:Goodwill 2023-12-31 11010041 core:FurnitureFittingsToolsEquipment 2023-12-31 11010041 core:LandBuildings 2023-12-31 11010041 core:MotorVehicles 2023-12-31 11010041 core:OtherPropertyPlantEquipment 2023-12-31 11010041 2023-01-01 2023-12-31 11010041 2023-12-31 11010041 bus:OrdinaryShareClass1 2023-12-31 11010041 bus:OrdinaryShareClass2 2023-12-31 11010041 core:CurrentFinancialInstruments 2023-12-31 11010041 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11010041 core:Non-currentFinancialInstruments 2023-12-31 11010041 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11010041 core:Goodwill 2023-12-31 11010041 core:FurnitureFittingsToolsEquipment 2023-12-31 11010041 core:LandBuildings 2023-12-31 11010041 core:MotorVehicles 2023-12-31 11010041 core:OtherPropertyPlantEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11010041

MJS Lawn Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

MJS Lawn Care Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 8

 

MJS Lawn Care Limited

(Registration number: 11010041)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

6,866

4,480

Tangible assets

5

25,520

32,887

 

32,386

37,367

Current assets

 

Stocks

5,460

5,958

Debtors

6

14,807

15,012

Cash at bank and in hand

 

10,965

379

 

31,232

21,349

Creditors: Amounts falling due within one year

7

(46,645)

(43,018)

Net current liabilities

 

(15,413)

(21,669)

Total assets less current liabilities

 

16,973

15,698

Creditors: Amounts falling due after more than one year

7

(2,262)

(4,250)

Net assets

 

14,711

11,448

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

14,710

11,447

Shareholders' funds

 

14,711

11,448

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025
 

.........................................
M Simmonds
Director

 

MJS Lawn Care Limited

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

1

General information

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

The address of its registered office is:
Unit 11 Severnside Trading Estate
Sudmeadow Road
Gloucester
Gloucestershire
GL2 5HS
England

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.

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.

 

MJS Lawn Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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

Leasehold improvements

Over 5 years

Pland and machinery

20% straight line

Computer equipment

33% straight line

Motor vehicles

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

20% 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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

 

MJS Lawn Care Limited

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

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 the director) during the year, was 8 (2023 - 8).

 

MJS Lawn Care Limited

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

4

Intangible assets

Intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

14,800

14,800

Additions acquired separately

3,718

3,718

At 31 December 2024

18,518

18,518

Amortisation

At 1 January 2024

10,320

10,320

Amortisation charge

1,332

1,332

At 31 December 2024

11,652

11,652

Carrying amount

At 31 December 2024

6,866

6,866

At 31 December 2023

4,480

4,480

 

MJS Lawn Care Limited

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

5

Tangible assets

Land and buildings
£

Computer equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2024

4,416

1,859

48,600

23,019

77,894

Additions

-

-

12,700

4,074

16,774

Disposals

(167)

-

(15,250)

(682)

(16,099)

At 31 December 2024

4,249

1,859

46,050

26,411

78,569

Depreciation

At 1 January 2024

1,477

1,023

30,034

12,473

45,007

Charge for the year

708

382

6,324

3,929

11,343

Eliminated on disposal

(56)

-

(2,859)

(386)

(3,301)

At 31 December 2024

2,129

1,405

33,499

16,016

53,049

Carrying amount

At 31 December 2024

2,120

454

12,551

10,395

25,520

At 31 December 2023

2,939

836

18,566

10,546

32,887

Included within the net book value of land and buildings above is £2,120 (2023 - £2,939) in respect of short leasehold land and buildings.
 

 

MJS Lawn Care Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,970

7,729

Prepayments

174

221

Other debtors

11,663

7,062

 

14,807

15,012

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

7,404

1,951

Trade creditors

 

4,216

12,559

Taxation and social security

 

28,163

18,320

Accruals and deferred income

 

2,960

2,143

Director's loan account

 

4,014

2,939

Other creditors

 

(112)

5,106

 

46,645

43,018

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,262

4,250

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £0.01 each

95

1

95

1

Ordinary B shares of £0.01 each

5

-

5

-

100

1

100

1

 

MJS Lawn Care Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,262

4,250

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,315

1,892

Bank overdrafts

1,089

59

7,404

1,951