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REGISTERED NUMBER: SC246031 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

MUNDELL LANDSCAPES LIMITED

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Statement of Changes in Equity 5

Notes to the Financial Statements 6


MUNDELL LANDSCAPES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: D Mundell
S N Jenkins





SECRETARY: S N Jenkins





REGISTERED OFFICE: Lochilbo Road
Neilston
Shillford
Ayrshire
G78 3BA





REGISTERED NUMBER: SC246031 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2024

2024 2023
Notes £    £   

TURNOVER 1,170,397 1,176,666

Cost of sales 137,689 124,607
GROSS PROFIT 1,032,708 1,052,059

Administrative expenses 963,738 973,720
68,970 78,339

Other operating income 13,940 13,940
OPERATING PROFIT 82,910 92,279


Interest payable and similar expenses 16,009 19,148
PROFIT BEFORE TAXATION 4 66,901 73,131

Tax on profit 5 10,507 23,274
PROFIT FOR THE FINANCIAL YEAR 56,394 49,857

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 7 15,289 22,934
Tangible assets 8 257,949 255,046
273,238 277,980

CURRENT ASSETS
Stocks and work in progress 9 13,750 18,770
Debtors 10 148,710 156,432
Cash at bank - 1,286
162,460 176,488
CREDITORS
Amounts falling due within one year 11 287,026 270,954
NET CURRENT LIABILITIES (124,566 ) (94,466 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,672 183,514

CREDITORS
Amounts falling due after more than one year 12 (77,983 ) (124,263 )

PROVISIONS FOR LIABILITIES (36,391 ) (41,347 )
NET ASSETS 34,298 17,904

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 34,098 17,704
SHAREHOLDERS' FUNDS 34,298 17,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

BALANCE SHEET - continued
31ST AUGUST 2024



The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2025 and were signed on its behalf by:





S N Jenkins - Director


MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST AUGUST 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st September 2022 100 9,847 9,947

Changes in equity
Issue of share capital 100 - 100
Dividends - (42,000 ) (42,000 )
Total comprehensive income - 49,857 49,857
Balance at 31st August 2023 200 17,704 17,904

Changes in equity
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 56,394 56,394
Balance at 31st August 2024 200 34,098 34,298

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Mundell Landscapes Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents revenue recognised in the financial statements. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

Goodwill
Goodwill, representing the amounts paid in connection with the acquisition of two businesses in 2007 and 2012, is being written off over its estimated useful life of twenty years from the year of the initial purchase.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% Straight line
Plant and machinery - 25% reducing balance
Motor vehicles - at variable rates on reducing balance
Computer equipment - 25% on cost

Stocks
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 items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2024 2023
£    £   
Directors' remuneration 26,376 84,103

4. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 35,616 33,602
Loss/(profit) on disposal of fixed assets 4,537 (922 )
Goodwill amortisation 7,645 7,645

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 15,463 17,639

Deferred tax (4,956 ) 5,635
Tax on profit 10,507 23,274

6. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Final 40,000 42,000

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 146,315
AMORTISATION
At 1st September 2023 123,381
Charge for year 7,645
At 31st August 2024 131,026
NET BOOK VALUE
At 31st August 2024 15,289
At 31st August 2023 22,934

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


8. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 18,688 178,885 278,390 2,119 478,082
Additions - 32,492 32,350 - 64,842
Disposals - (8,609 ) (32,630 ) - (41,239 )
At 31st August 2024 18,688 202,768 278,110 2,119 501,685
DEPRECIATION
At 1st September 2023 14,996 139,302 66,619 2,119 223,036
Charge for year 528 13,251 21,837 - 35,616
Eliminated on disposal - (6,313 ) (8,603 ) - (14,916 )
At 31st August 2024 15,524 146,240 79,853 2,119 243,736
NET BOOK VALUE
At 31st August 2024 3,164 56,528 198,257 - 257,949
At 31st August 2023 3,692 39,583 211,771 - 255,046

9. STOCKS AND WORK IN PROGRESS
2024 2023
£    £   
Stocks and work in progress 13,750 18,770

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,129 156,382
Other debtors 3,700 50
Directors' current accounts 32,881 -
148,710 156,432

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 114,356 72,960
Hire purchase contracts 24,778 7,162
Trade creditors 43,147 40,692
Social security and other taxes 75,737 97,195
Other creditors 8,614 2,643
Directors' current accounts 15,544 13,452
Accrued expenses 4,850 36,850
287,026 270,954

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 13) 39,604 112,563
Hire purchase contracts 38,379 11,700
77,983 124,263

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 12,551 -
Bank loans 101,805 72,960
114,356 72,960

Amounts falling due between one and two years:
Bank loans - 1-2 years 39,604 112,563

14. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 12,551 -
Bank loans 141,409 185,523
Hire purchase contracts 63,157 18,862
217,117 204,385

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
D Mundell
Balance outstanding at start of year (75 ) (117 )
Amounts advanced 107,781 89,161
Amounts repaid (74,825 ) (89,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,881 (75 )

MUNDELL LANDSCAPES LIMITED (REGISTERED NUMBER: SC246031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S N Jenkins
Balance outstanding at start of year (13,377 ) (12,010 )
Amounts advanced 2,000 -
Amounts repaid (4,167 ) (1,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,544 ) (13,377 )