Registered number
08401519
WALTON LANDSCAPE SUPPLIES LIMITED
Unaudited Filleted Accounts
31 March 2025
WALTON LANDSCAPE SUPPLIES LIMITED
Registered number: 08401519
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 800 1,600
Tangible assets 4 265,504 299,809
266,304 301,409
Current assets
Stocks 586,833 593,837
Debtors 5 369,469 298,312
Cash at bank and in hand 2,029,341 1,568,707
2,985,643 2,460,856
Creditors: amounts falling due within one year 6 (1,081,546) (1,008,586)
Net current assets 1,904,097 1,452,270
Total assets less current liabilities 2,170,401 1,753,679
Creditors: amounts falling due after more than one year 7 (150,778) (152,079)
Provisions for liabilities (66,376) (74,952)
Net assets 1,953,247 1,526,648
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,953,147 1,526,548
Shareholders' funds 1,953,247 1,526,648
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R NEWSON
Director
Approved by the board on 4 June 2025
WALTON LANDSCAPE SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised when the service has been completed.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on book value
Motor vehicles 25% on book value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are charged in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 20 20
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 4,000
At 31 March 2025 4,000
Amortisation
At 1 April 2024 2,400
Provided during the year 800
At 31 March 2025 3,200
Net book value
At 31 March 2025 800
At 31 March 2024 1,600
Goodwill will be written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 117,050 471,944 588,994
Additions 48,000 - 48,000
At 31 March 2025 165,050 471,944 636,994
Depreciation
At 1 April 2024 65,164 224,021 289,185
Charge for the year 24,972 57,333 82,305
At 31 March 2025 90,136 281,354 371,490
Net book value
At 31 March 2025 74,914 190,590 265,504
At 31 March 2024 51,886 247,923 299,809
5 Debtors 2025 2024
£ £
Trade debtors 277,461 226,998
Other debtors 92,008 71,314
369,469 298,312
6 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 39,337 79,764
Trade creditors 744,993 630,899
Taxation and social security costs 271,769 283,380
Other creditors 25,447 14,543
1,081,546 1,008,586
7 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance leases and hire purchase contracts 150,778 152,079
8 Related party transactions
There were on transactions during the current or previous years that require to be disclosed.
9 Controlling party
Throughout this and the previous period the company was under the control of its directors Mr R Newson and Mr D Newson who are also the only shareholders.
10 Other information
WALTON LANDSCAPE SUPPLIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is 17 Harwood Gardens, Old Windsor, SL4 2LJ.
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