Phoebe's Landscapes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02302101

Phoebe's Landscapes Limited

Filleted Unaudited Financial Statements

30 September 2024

Phoebe's Landscapes Limited

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		123,891	148,403

Current assets

Stocks		319,600	279,377
Debtors	6	53,359	56,509
Cash at bank and in hand		24,875	39,331
		---------	---------
		397,834	375,217

Creditors: amounts falling due within one year	7	583,981		555,023
		---------		---------
Net current liabilities			186,147	179,806
			---------	---------
Total assets less current liabilities			( 62,256)	( 31,403)

Creditors: amounts falling due after more than one year	8	12,691	31,195
		--------	--------
Net liabilities		( 74,947)	( 62,598)
		--------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 75,947)	( 63,598)
	--------	--------
Shareholders deficit	( 74,947)	( 62,598)
	--------	--------

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 September 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 financial statements for the year in question in accordance with section 476 ;

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

Phoebe's Landscapes Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 5 April 2025 , and are signed on behalf of the board by:

Mr M Jordan

Director

Company registration number: 02302101

Phoebe's Landscapes Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 29 Harcourt Street, London, W1H 4HS.

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

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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
Office equipment, F&F	-	25% reducing balance
Motor vehicles	-	15% 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2023: 20 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2023	43,329	51,481	188,653	283,463
Disposals	( 10,600)	–	–	( 10,600)
	--------	--------	---------	---------
At 30 September 2024	32,729	51,481	188,653	272,863
	--------	--------	---------	---------
Depreciation
At 1 October 2023	31,746	40,560	62,754	135,060
Charge for the year	2,896	2,731	18,885	24,512
Disposals	( 10,600)	–	–	( 10,600)
	--------	--------	---------	---------
At 30 September 2024	24,042	43,291	81,639	148,972
	--------	--------	---------	---------
Carrying amount
At 30 September 2024	8,687	8,190	107,014	123,891
	--------	--------	---------	---------
At 30 September 2023	11,583	10,921	125,899	148,403
	--------	--------	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	41,925	41,902
Other debtors	11,434	14,607
	--------	--------
	53,359	56,509
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	361,967	361,024
Social security and other taxes	59,039	33,329
Other creditors	162,975	160,670
	---------	---------
	583,981	555,023
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	12,691	31,195
	--------	--------

9. Going concern

The accounts are prepared on a going concern basis assuming continuing support of the directors and creditors.