Company registration number 02143384 (England and Wales)
KIERON BEATTIE LANDSCAPING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KIERON BEATTIE LANDSCAPING LIMITED
COMPANY INFORMATION
Directors
Mr P C Beattie
Mr D T Beattie
Mrs B M Beattie
Mr K T Beattie
Mr M Hardy
Mr J Parker
Secretary
Mrs F Hardy
Company number
02143384
Registered office
Monxton Nurseries
Green Lane
Monxton
Nr Andover
Hampshire
SP11 8AN
Accountants
Xeinadin South East Ltd
Suite 2 Healey House
Dene Road
Andover
Hampshire
United Kingdom
SP10 2AA
KIERON BEATTIE LANDSCAPING LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 11
KIERON BEATTIE LANDSCAPING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr P C Beattie
Mr D T Beattie
Mrs B M Beattie
Mr K T Beattie
Mr M Hardy
Mr J Parker
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr M Hardy
Director
29 May 2025
KIERON BEATTIE LANDSCAPING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
538,225
318,405
Investments
4
110
538,225
318,515
Current assets
Stocks
5
222,452
198,744
Debtors
6
465,714
416,075
Cash at bank and in hand
35,279
76,951
723,445
691,770
Creditors: amounts falling due within one year
7
(432,992)
(372,698)
Net current assets
290,453
319,072
Total assets less current liabilities
828,678
637,587
Creditors: amounts falling due after more than one year
8
(115,247)
(11,681)
Provisions for liabilities
(120,668)
(64,528)
Net assets
592,763
561,378
Capital and reserves
Called up share capital
9
88
88
Capital redemption reserve
22
22
Profit and loss reserves
592,653
561,268
Total equity
592,763
561,378
KIERON BEATTIE LANDSCAPING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
Mr M Hardy
Director
Company registration number 02143384 (England and Wales)
KIERON BEATTIE LANDSCAPING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
110
552,020
552,130
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
49,248
49,248
Dividends
-
-
(28,000)
(28,000)
Own shares acquired
-
-
(12,000)
(12,000)
Redemption of shares
9
22
22
Reduction of shares
9
(22)
-
(22)
Balance at 31 December 2023
88
22
561,268
561,378
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
67,402
67,402
Dividends
-
-
(36,017)
(36,017)
Balance at 31 December 2024
88
22
592,653
592,763
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information
Kieron Beattie Landscaping Limited is a private company limited by shares incorporated in England and Wales. The registered office is Monxton Nurseries, Green Lane, Monxton, Nr Andover, Hampshire, SP11 8AN.
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
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
1.3
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 land and buildings
10% Straight Line
Plant and machinery
15% Reducing Balance
Fixtures and fittings
10% Straight Line
Motor vehicles
25% 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.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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 balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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
Equity instruments
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 7 -
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.10
Retirement benefits
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment
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 lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 8 -
1.12
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
29
26
3
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
61,234
682,958
53,605
220,923
1,018,720
Additions
233,036
3,225
99,629
335,890
Disposals
(114,150)
(33,989)
(148,139)
At 31 December 2024
61,234
801,844
56,830
286,563
1,206,471
Depreciation and impairment
At 1 January 2024
57,341
435,056
43,562
164,356
700,315
Depreciation charged in the year
1,355
50,749
5,025
37,876
95,005
Eliminated in respect of disposals
(93,085)
(33,989)
(127,074)
At 31 December 2024
58,696
392,720
48,587
168,243
668,246
Carrying amount
At 31 December 2024
2,538
409,124
8,243
118,320
538,225
At 31 December 2023
3,893
247,902
10,043
56,567
318,405
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
110
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024 & 31 December 2024
110
Impairment
At 1 January 2024
-
Disposals
110
At 31 December 2024
110
Carrying amount
At 31 December 2024
-
At 31 December 2023
110
5
Stocks
2024
2023
£
£
Stocks
222,452
198,744
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
407,355
390,703
Corporation tax recoverable
16,812
Amounts owed by group undertakings
23,342
Other debtors
18,205
25,372
465,714
416,075
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
212,057
255,486
Corporation tax
29,289
Other taxation and social security
48,916
16,658
Other creditors
172,019
71,265
432,992
372,698
Hire purchase contracts are secured over the assets acquired under the agreements.
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
115,247
11,681
Hire purchase contracts are secured over the assets acquired under the agreements.
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
80
80
88
88
Ordinary A of £1 each
3
3
Ordinary B of £1 each
3
3
Ordinary C of £1 each
1
1
Ordinary D of £1 each
1
1
10
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
216,666
16,667
11
Directors' transactions
During the year, the company paid £49,166 in rent to a SIPP controlled by a director and shareholder of the company.
KIERON BEATTIE LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
12
Parent company
The parent company of Kieron Beattie Landscaping Limited is KBL Innovations Ltd and its registered office is Monxton Nurseries, Green Lane, Monxton, Nr Andover, Hampshire, SP11 8AN.
13
Related party transactions
The company has taken advantage of exemption,under the terms of Financial Reporting Standard 102 Section 1A'TheFinancial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions
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