Creative Landscape Company Limited 06346163 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the operation of a nursery and provision of garden landscaping and maintenance services Digita Accounts Production Advanced 6.30.9574.0 true true 06346163 2023-10-01 2024-09-30 06346163 2024-09-30 06346163 core:CurrentFinancialInstruments 2024-09-30 06346163 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 06346163 core:Goodwill 2024-09-30 06346163 core:BetweenTwoFiveYears 2024-09-30 06346163 core:WithinOneYear 2024-09-30 06346163 core:ConstructionInProgressAssetsUnderConstruction 2024-09-30 06346163 core:MotorVehicles 2024-09-30 06346163 core:OfficeEquipment 2024-09-30 06346163 core:PlantMachinery 2024-09-30 06346163 bus:SmallEntities 2023-10-01 2024-09-30 06346163 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06346163 bus:FilletedAccounts 2023-10-01 2024-09-30 06346163 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06346163 bus:RegisteredOffice 2023-10-01 2024-09-30 06346163 bus:Director2 2023-10-01 2024-09-30 06346163 bus:Director4 2023-10-01 2024-09-30 06346163 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06346163 core:Goodwill 2023-10-01 2024-09-30 06346163 core:ConstructionInProgressAssetsUnderConstruction 2023-10-01 2024-09-30 06346163 core:LandBuildings 2023-10-01 2024-09-30 06346163 core:MotorVehicles 2023-10-01 2024-09-30 06346163 core:OfficeEquipment 2023-10-01 2024-09-30 06346163 core:PlantMachinery 2023-10-01 2024-09-30 06346163 countries:EnglandWales 2023-10-01 2024-09-30 06346163 2023-09-30 06346163 core:Goodwill 2023-09-30 06346163 core:ConstructionInProgressAssetsUnderConstruction 2023-09-30 06346163 core:MotorVehicles 2023-09-30 06346163 core:OfficeEquipment 2023-09-30 06346163 core:PlantMachinery 2023-09-30 06346163 2022-10-01 2023-09-30 06346163 2023-09-30 06346163 core:CurrentFinancialInstruments 2023-09-30 06346163 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06346163 core:BetweenTwoFiveYears 2023-09-30 06346163 core:WithinOneYear 2023-09-30 06346163 core:ConstructionInProgressAssetsUnderConstruction 2023-09-30 06346163 core:MotorVehicles 2023-09-30 06346163 core:OfficeEquipment 2023-09-30 06346163 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 06346163

Creative Landscape Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Creative Landscape Company Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Creative Landscape Company Limited

(Registration number: 06346163)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

93,614

103,016

Current assets

 

Stocks

6

190,206

217,692

Debtors

7

141,669

198,702

Cash at bank and in hand

 

317,275

418,981

 

649,150

835,375

Creditors: Amounts falling due within one year

8

(355,630)

(495,554)

Net current assets

 

293,520

339,821

Total assets less current liabilities

 

387,134

442,837

Provisions for liabilities

(41,224)

(24,183)

Net assets

 

345,910

418,654

Capital and reserves

 

Called up share capital

500

500

Retained earnings

345,410

418,154

Shareholders' funds

 

345,910

418,654

 

Creative Landscape Company Limited

(Registration number: 06346163)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

M Williamson
Director

D J Jacobs
Director

 
     
 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Big Plant Nursery
Wargrave Road
Twyford
Reading
Berkshire
RG10 9PN

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The accounts are prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Other operating income consists of government grants which are accounted for under the accruals model.

 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Office equipment

25% straight line

Short leasehold property

Straight line over the life of the lease

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over estimated useful of 12 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

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.

Defined contribution pension obligation

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.


Employee Ownership Trust
The company established Creative Landscape Company Employee Ownership Trust Deed with the objective of ensuring that shares in the company are held by the Trustees for the benefit of the company's employees and for those employees to have an interest in the company's business, a voice in its operations and a share in its profits.

The distributions made by the company to the Trust are treated as gift payments so that the Trust can meet its obligations.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 49 (2023 - 47).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

200,000

200,000

At 30 September 2024

200,000

200,000

Amortisation

At 1 October 2023

200,000

200,000

At 30 September 2024

200,000

200,000

Carrying amount

At 30 September 2023 and 2024

-

-

 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Short leasehold property
 £

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

47,472

118,025

38,280

367,625

571,402

Additions

4,714

37,306

1,790

-

43,810

Disposals

-

(13,050)

-

-

(13,050)

At 30 September 2024

52,186

142,281

40,070

367,625

602,162

Depreciation

At 1 October 2023

44,466

97,881

22,631

303,408

468,386

Charge for the year

1,490

16,610

8,305

26,807

53,212

Eliminated on disposal

-

(13,050)

-

-

(13,050)

At 30 September 2024

45,956

101,441

30,936

330,215

508,548

Carrying amount

At 30 September 2024

6,230

40,840

9,134

37,410

93,614

At 30 September 2023

3,006

20,144

15,649

64,217

103,016

6

Stocks

2024
£

2023
£

Raw materials and consumables

190,206

217,692

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

94,765

161,166

Amounts owed by related parties

10

6,426

2,548

Other debtors

 

-

372

Prepayments

 

40,478

34,616

 

141,669

198,702

 

Creative Landscape Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Due within one year

2024
£

2023
£

 

Trade creditors

 

82,443

177,823

Social security and other taxes

 

130,726

111,087

Other creditors

 

7,697

6,573

Accruals

 

26,733

65,321

Corporation tax liability

108,031

134,750

 

355,630

495,554

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

2,748

-

Later than one year and not later than five years

8,244

-

10,992

-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £2,783 (2023 - £Nil).

10

Related party transactions

Employee ownership

On 2 March 2021 90 percent of the issued share capital of the company was acquired by the Creative Landscape Company Employee Ownership Trust Deed ("the Trust"). The Trust holds shares for the future benefit of the company's employees. The remaining 10 percent of shares are owned by the G George and M Gillard equally.

The acquisition included a deferred consideration of £2,061,000 payable by the Trust, payable over 5 years. During the year a gift of £388,441 was made by the company to the trust to finance repayment of the consideration installment. At the balance sheet date the deferred consideration payable by the Trust was £514,469 (2023: £902,910).