Registered number
07148167
A S GARDENS & GROUND MAINTENANCE LIMITED
Filleted Accounts
28 February 2025
A S GARDENS & GROUND MAINTENANCE LIMITED
Registered number: 07148167
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 5,000 5,000
Tangible assets 4 129,465 132,030
134,465 137,030
Current assets
Debtors 5 25,001 19,172
Cash at bank and in hand 72,527 53,972
97,528 73,144
Creditors: amounts falling due within one year 6 (89,560) (45,878)
Net current assets 7,968 27,266
Total assets less current liabilities 142,433 164,296
Creditors: amounts falling due after more than one year 7 (98,183) (138,113)
Net assets 44,250 26,183
Capital and reserves
Called up share capital 2 2
Profit and loss account 44,248 26,181
Shareholder's funds 44,250 26,183
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 member has 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.
A Sargent
Director
Approved by the board on 1 July 2025
A S GARDENS & GROUND MAINTENANCE LIMITED
Notes to the Accounts
for the year ended 28 February 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 by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 12 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 5,000
At 28 February 2025 5,000
Amortisation
At 28 February 2025 -
Net book value
At 28 February 2025 5,000
At 29 February 2024 5,000
Goodwill is being 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 March 2024 76,892 123,944 200,836
Additions 1,280 28,496 29,776
Disposals - (11,118) (11,118)
At 28 February 2025 78,172 141,322 219,494
Depreciation
At 1 March 2024 23,491 45,315 68,806
Charge for the year 6,013 26,328 32,341
On disposals - (11,118) (11,118)
At 28 February 2025 29,504 60,525 90,029
Net book value
At 28 February 2025 48,668 80,797 129,465
At 29 February 2024 53,401 78,629 132,030
5 Debtors 2025 2024
£ £
Trade debtors 25,001 19,172
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 738 320
Trade creditors 39,492 21,022
VAT 27,142 12,565
PAYE 10,203 8,545
Taxation and social security costs 12,721 17
Other creditors (736) 3,409
89,560 45,878
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 38,640
Obligations under finance lease and hire purchase contracts 98,183 99,473
98,183 138,113
8 Other information
A S GARDENS & GROUND MAINTENANCE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 104
Solent Business Centre
Millbrook Road West
Southampton
SO15 0HW
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