Registered number
11055119
Mayside Gardens Limited
Unaudited Filleted Accounts
31 December 2024
Mayside Gardens Limited
Registered number: 11055119
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,021 5,675
Current assets
Debtors 4 17,800 22,370
Cash at bank and in hand 22,181 10,996
39,981 33,366
Creditors: amounts falling due within one year 5 (28,672) (29,479)
Net current assets 11,309 3,887
Total assets less current liabilities 15,330 9,562
Provisions for liabilities (764) (1,078)
Net assets 14,566 8,484
Capital and reserves
Called up share capital 50 50
Profit and loss account 14,516 8,434
Shareholder's funds 14,566 8,484
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M F Howes
Director
Approved by the board on 15 April 2025
Mayside Gardens Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in pounds sterling and in accordance with the Financial Reporting Standard 102 (including section 1A of the Standard as applied to Small Entities), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 rendering of gardening services which is recognised in the period in which it is performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, where the tax rate that applies to the sale of the asset is used.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 10,364 14,833 25,197
Additions 600 - 600
Disposals (2,911) - (2,911)
At 31 December 2024 8,053 14,833 22,886
Depreciation
At 1 January 2024 7,329 12,193 19,522
Charge for the year 1,593 660 2,253
On disposals (2,910) - (2,910)
At 31 December 2024 6,012 12,853 18,865
Net book value
At 31 December 2024 2,041 1,980 4,021
At 31 December 2023 3,035 2,640 5,675
4 Debtors 2024 2023
£ £
Trade debtors 17,800 22,370
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 10,375 11,622
Other creditors 18,297 17,857
28,672 29,479
6 Other information
Mayside Gardens Limited is a private company limited by shares and incorporated in England. The Registered office is:
1 Manor Court,
Lower Twydall Lane
Gillingham
Kent
ME7 2UX
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