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Registered number: 05872375
Select Lawncare Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Paramount Accountancy WS Ltd
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12 March 2025
Paramount Accountancy WS Ltd
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 1
Page 2
Balance Sheet
Registered number: 05872375
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,998 31,996
Tangible Assets 5 314,479 254,776
330,477 286,772
CURRENT ASSETS
Stocks 6 13,754 7,512
Debtors 7 109,699 70,154
Cash at bank and in hand 114,512 93,817
237,965 171,483
Creditors: Amounts Falling Due Within One Year 8 (133,315 ) (117,669 )
NET CURRENT ASSETS (LIABILITIES) 104,650 53,814
TOTAL ASSETS LESS CURRENT LIABILITIES 435,127 340,586
Creditors: Amounts Falling Due After More Than One Year 9 (294,635 ) (238,558 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (78,620 ) (63,694 )
NET ASSETS 61,872 38,334
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 61,870 38,332
SHAREHOLDERS' FUNDS 61,872 38,334
Page 2
Page 3
For the 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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oliver Wood
Director
Mrs Lucy Wood
Director
12 March 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Select Lawncare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05872375 . The registered office is Unit 6 Technology Park, Standback Way Skelmanthorpe, Huddersfield, West Yorkshire, HD8 9GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 22)
22 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 346,660
As at 31 December 2024 346,660
Amortisation
As at 1 January 2024 314,664
Provided during the period 15,998
As at 31 December 2024 330,662
Net Book Value
As at 31 December 2024 15,998
As at 1 January 2024 31,996
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 48,144 396,634 26,609 471,387
Additions 2,274 201,068 369 203,711
Disposals - (136,960 ) - (136,960 )
As at 31 December 2024 50,418 460,742 26,978 538,138
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 January 2024 33,944 166,477 16,190 216,611
Provided during the period 6,890 105,671 4,872 117,433
Disposals - (110,385 ) - (110,385 )
As at 31 December 2024 40,834 161,763 21,062 223,659
Net Book Value
As at 31 December 2024 9,584 298,979 5,916 314,479
As at 1 January 2024 14,200 230,157 10,419 254,776
6. Stocks
2024 2023
£ £
Materials 13,754 7,512
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 103,928 68,382
Other debtors 5,771 1,772
109,699 70,154
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 67,282 59,887
Trade creditors 10,153 10,010
Bank loans and overdrafts 10,374 10,118
Other creditors 8,258 5,073
Taxation and social security 37,248 32,581
133,315 117,669
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 289,344 222,893
Bank loans 5,291 15,665
294,635 238,558
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 67,282 59,887
Later than one year and not later than five years 289,344 222,893
356,626 282,780
356,626 282,780
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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