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REGISTERED NUMBER: 10907682 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K W Holmes
R M Holmes
Mrs K T Holmes





SECRETARY: Mrs K T Holmes





REGISTERED OFFICE: 26 Singer Way
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7AE





REGISTERED NUMBER: 10907682 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 160,686 169,935

CURRENT ASSETS
Stocks 13,950 23,000
Debtors 5 155,597 96,406
Cash at bank and in hand 55,040 156,406
224,587 275,812
CREDITORS
Amounts falling due within one year 6 233,583 295,018
NET CURRENT LIABILITIES (8,996 ) (19,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,690

150,729

CREDITORS
Amounts falling due after more than one
year

7

(53,786

)

(80,520

)

PROVISIONS FOR LIABILITIES (40,171 ) (32,288 )
NET ASSETS 57,733 37,921

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 57,630 37,818
SHAREHOLDERS' FUNDS 57,733 37,921

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

BALANCE SHEET - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





Mrs K T Holmes - Director


ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


1. STATUTORY INFORMATION

Artificial Grass & Turf Solutions Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 September 2023 168,644 17,786 205,816 392,246
Additions 6,015 916 32,699 39,630
Disposals - - (12,600 ) (12,600 )
At 31 August 2024 174,659 18,702 225,915 419,276
DEPRECIATION
At 1 September 2023 108,074 11,158 103,079 222,311
Charge for year 15,750 1,734 28,898 46,382
Eliminated on disposal - - (10,103 ) (10,103 )
At 31 August 2024 123,824 12,892 121,874 258,590
NET BOOK VALUE
At 31 August 2024 50,835 5,810 104,041 160,686
At 31 August 2023 60,570 6,628 102,737 169,935

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 September 2023 46,550 99,834 146,384
Additions - 32,699 32,699
At 31 August 2024 46,550 132,533 179,083
DEPRECIATION
At 1 September 2023 28,549 29,122 57,671
Charge for year 4,500 21,084 25,584
At 31 August 2024 33,049 50,206 83,255
NET BOOK VALUE
At 31 August 2024 13,501 82,327 95,828
At 31 August 2023 18,001 70,712 88,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 96,782 22,974
Other debtors 1,020 16,307
Directors' current accounts 40,878 39,979
Tax 13,320 12,397
Prepayments and accrued income 3,597 4,749
155,597 96,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 30,135 28,601
Hire purchase contracts (see note 9) 24,431 29,585
Trade creditors 30,916 125,279
Tax 38,807 8,190
Social security and other taxes 3,611 3,362
VAT 47,108 33,155
Directors' current accounts 50,024 50,241
Accrued expenses 8,551 16,605
233,583 295,018

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 8) 21,621 51,756
Hire purchase contracts (see note 9) 32,165 28,764
53,786 80,520

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 30,135 28,601

Amounts falling due between one and two years:
Bank loans - 1-2 years 21,621 30,135

Amounts falling due between two and five years:
Bank loans - 2-5 years - 21,621

The bank loan is guaranteed by K W Holmes, Mrs K T Holmes and R M Holmes.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 24,431 29,585
Between one and five years 32,165 28,764
56,596 58,349

Non-cancellable
operating leases
2024 2023
£ £
Within one year 18,000 31,571
Between one and five years 11,608 29,608
29,608 61,179

ARTIFICIAL GRASS & TURF SOLUTIONS
LIMITED (REGISTERED NUMBER: 10907682)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
R M Holmes
Balance outstanding at start of year 39,978 39,099
Amounts advanced 900 879
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,878 39,978

There are no set terms relating to repayment or interest.