Shed Grounds Maintenance Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04636181

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		456,264		239,977

			456,264		239,977
CURRENT ASSETS
Debtors	5	379,920		255,410
Cash at bank and in hand		98,658		181,349

		478,578		436,759
Creditors: Amounts Falling Due Within One Year	6	(332,203 )		(276,489 )

NET CURRENT ASSETS (LIABILITIES)			146,375		160,270

TOTAL ASSETS LESS CURRENT LIABILITIES			602,639		400,247

Creditors: Amounts Falling Due After More Than One Year	7		(237,486 )		(66,257 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(63,551 )		(49,574 )

NET ASSETS			301,602		284,416

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			301,600		284,414

SHAREHOLDERS' FUNDS			301,602		284,416

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Shed Grounds Maintenance Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Botham

Director

03/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Shed Grounds Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04636181 . The registered office is Woodthorpe House, Mill Lane, Old Tupton, Chesterfield, Derbyshire, S42 6AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No depreciation
Plant & Machinery	15% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	15% straight line
Computer Equipment	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Shed Grounds Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	5	5
Sales, marketing and distribution	2	2
Manufacturing	16	14

	23	21

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	27,214	297,768	345,869	12,163
Additions	-	42,422	283,360	1,706

As at 31 March 2025	27,214	340,190	629,229	13,869

Depreciation
As at 1 April 2024	-	226,894	211,354	10,761
Provided during the period	-	22,109	89,330	754

As at 31 March 2025	-	249,003	300,684	11,515

Net Book Value
As at 31 March 2025	27,214	91,187	328,545	2,354

As at 1 April 2024	27,214	70,874	134,515	1,402


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	24,866	707,880
Additions	2,709	330,197

As at 31 March 2025	27,575	1,038,077

Depreciation
As at 1 April 2024	18,894	467,903
Provided during the period	1,717	113,910

As at 31 March 2025	20,611	581,813

...CONTINUED

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Shed Grounds Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	6,964	456,264

As at 1 April 2024	5,972	239,977

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	361,450	235,754
Prepayments and accrued income	18,470	19,656

	379,920	255,410

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	93,136	69,572
Trade creditors	144,739	116,331
Other taxes and social security	16,045	9,812
VAT	68,888	52,343
Other creditors	9,224	28,244
Director's loan account	171	187

	332,203	276,489

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	237,486	66,257

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	93,136	69,572
Later than one year and not later than five years	237,486	66,257

	330,622	135,829

	330,622	135,829

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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