Company Registration No. 04827342 (England and Wales)
Landform Consultants Ltd
Unaudited financial statements
for the year ended 31 July 2024
Pages for filing with the registrar
Landform Consultants Ltd
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
Landform Consultants Ltd
Statement of financial position
As at 31 July 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
330,250
216,744
Current assets
Stocks
93,161
134,497
Debtors
4
778,309
1,027,030
Cash at bank and in hand
320,972
73,603
1,192,442
1,235,130
Creditors: amounts falling due within one year
5
(1,077,165)
(618,279)
Net current assets
115,277
616,851
Total assets less current liabilities
445,527
833,595
Creditors: amounts falling due after more than one year
6
(19,567)
(58,702)
Net assets
425,960
774,893
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
425,860
774,793
Total equity
425,960
774,893
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Landform Consultants Ltd
Statement of financial position (continued)
As at 31 July 2024
2
The financial statements were approved by the board of directors and authorised for issue on 17 April 2025 and are signed on its behalf by:
Mark Gregory
Director
Company Registration No. 04827342
Landform Consultants Ltd
Statement of changes in equity
For the year ended 31 July 2024
3
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 August 2022
100
875,033
875,133
Year ended 31 July 2023:
Profit and total comprehensive income
-
28,468
28,468
Dividends
-
(128,708)
(128,708)
Balance at 31 July 2023
100
774,793
774,893
Year ended 31 July 2024:
Loss and total comprehensive income
-
(235,032)
(235,032)
Dividends
-
(113,901)
(113,901)
Balance at 31 July 2024
100
425,860
425,960
Landform Consultants Ltd
Notes to the financial statements
For the year ended 31 July 2024
4
1
Accounting policies
Company information
Landform Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Nursery, Bagshot Road, Chobham, Woking, Surrey, GU24 8DB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover arising from the provision of services is recognised in line with the estimated stage of completion of that service.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
20% straight line
Plant and machinery
20% straight line
Computer equipment
25% straight line
Motor vehicles
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Landform Consultants Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2024
1
Accounting policies (continued)
5
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
1.6
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.8
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Landform Consultants Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2024
1
Accounting policies (continued)
6
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
1.12
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
49
47
Landform Consultants Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2024
7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023
94,122
226,502
320,624
Additions
159,455
4,547
164,002
At 31 July 2024
253,577
231,049
484,626
Depreciation and impairment
At 1 August 2023
34,189
69,691
103,880
Depreciation charged in the year
16,131
34,365
50,496
At 31 July 2024
50,320
104,056
154,376
Carrying amount
At 31 July 2024
203,257
126,993
330,250
At 31 July 2023
59,933
156,811
216,744
Included within plant and machinery above are assets with carrying value of £92,896 (2023 - £111,476) held under hire purchase agreements. The agreements are secured upon the relevant assets, and are shown within other creditors as £39,135 due within 1 year (2023 - £39,135) and £19,567 due in greater than 1 year (2023 - £58,702).
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
674,471
817,248
Corporation tax recoverable
26,223
Other debtors
103,838
183,559
778,309
1,027,030
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
259,587
314,234
Taxation and social security
286,441
167,992
Other creditors
531,137
136,053
1,077,165
618,279
Landform Consultants Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2024
8
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
19,567
58,702
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Directors' transactions
Dividends totalling £86,565 (2023 - £97,818) were paid in the year in respect of shares held by the company's directors.