REGISTERED NUMBER: 07778684 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

LOCAL LAWNS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A J Rodwell

SECRETARY:

Mrs H Rodwell

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

07778684 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Property, plant and equipment

4

13,015

12,482

CURRENT ASSETS

Debtors

5

3,453

11,979

Cash at bank

16,773

15,483

20,226

27,462

CREDITORS

Amounts falling due within one year

6

8,775

11,842

NET CURRENT ASSETS

11,451

15,620

TOTAL ASSETS LESS CURRENT LIABILITIES

24,466

28,102

CREDITORS

Amounts falling due after more than one year

7

(6,763

)

(6,763

)

PROVISIONS FOR LIABILITIES

8

(2,473

)

(1,802

)

NET ASSETS

15,230

19,537

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

15,030

19,337

SHAREHOLDERS' FUNDS

15,230

19,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2025 and were signed by:

A J Rodwell - Director

1.	STATUTORY INFORMATION

Local Lawns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2023

46,728

1,472

48,200

Additions

4,871

-

4,871

At 30 September 2024

51,599

1,472

53,071

DEPRECIATION

At 1 October 2023

34,808

910

35,718

Charge for year

4,198

140

4,338

At 30 September 2024

39,006

1,050

40,056

NET BOOK VALUE

At 30 September 2024

12,593

422

13,015

At 30 September 2023

11,920

562

12,482

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

£

COST

At 1 October 2023

and 30 September 2024

23,795

DEPRECIATION

At 1 October 2023

21,413

Charge for year

596

At 30 September 2024

22,009

NET BOOK VALUE

At 30 September 2024

1,786

At 30 September 2023

2,382

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

3,301

3,301

Directors' current accounts

152

8,678

3,453

11,979

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

1,358

1,358

Taxation and social security

1,833

1,969

Other creditors

5,584

8,515

8,775

11,842

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Finance leases

6,763

6,763

8.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

£

Deferred tax

2,473

1,802

Deferred

tax

£

Balance at 1 October 2023

1,802

Provided during year

671

Balance at 30 September 2024

2,473

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary 'B' Shares

£1

100

100

200

200

10.

RESERVES

Retained

earnings

£

At 1 October 2023

19,337

Profit for the year

7,693

Dividends

(12,000

)

At 30 September 2024

15,030

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

A J Rodwell

Balance outstanding at start of year

8,678

(257

)

Amounts advanced

5,424

25,465

Amounts repaid

(13,950

)

(16,530

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

152

8,678

The Director's loan is interest free and repayable on demand.

The loan was repaid within 9 months of the year end.

12.	RELATED PARTY DISCLOSURES

The Company remained under the control of it's Director.