Registration number: 09150634

Inhurst Landscapes Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Inhurst Landscapes Limited

(Registration number: 09150634)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	65,423	60,378
Current assets
Stocks	5	146,559	275,383
Debtors	6	430,695	339,053
Cash at bank and in hand		9,980	7,158
		587,234	621,594
Creditors: Amounts falling due within one year	7	(775,002)	(602,655)
Net current (liabilities)/assets		(187,768)	18,939
Total assets less current liabilities		(122,345)	79,317
Creditors: Amounts falling due after more than one year	7	(30,700)	(39,918)
Net (liabilities)/assets		(153,045)	39,399
Capital and reserves
Called up share capital	10	100,002	100,002
Retained earnings		(253,047)	(60,603)
Shareholders' (deficit)/funds		(153,045)	39,399

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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2025
 

......................................... Mr Stephen David William Dance Director

Inhurst Landscapes 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:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

2	Accounting policies

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.

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 accounts are prepared in Sterling (£) and rounded to the nearest pound.

Summary of disclosure exemptions

The company is exempt from preparing cash flow statements as it is a qualifying entity under FRS102.

Going concern

The results for FY2024 were affected by high interest costs on short term lending together with a bad debt. The underlying trading position was a profit and in the current year the business is on track to generate sufficient profits for the balance sheet to return to a positive position. The directors are therefore confident that the company is a going concern.

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.

Revenue is recognised when all of the following criteria are met:
-persuasive evidence of an arrangement exists;
-delivery has ocurred;
-the seller's price to the buyer is fixed and determinable; and
-collectability is reasonably assured

Tax

The tax expense represents the sum of the current tax expense and deffered tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

Inhurst Landscapes Limited

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

Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity.

Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis to realise the asset and settle the liability simultaneously.

Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates and have been enacted or substantively enacted by the reporting dat

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arisen from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.

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 recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Asset class	Depreciation method and rate
Plant and Machinery	20% straight line
Fixtures and fittings	15% straight line
Computers	25% straight line
Buildings	10% straight line

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to inome on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Inhurst Landscapes Limited

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

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.

The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial liabilites and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 Recognition and measurement
Financial instruments are secognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors and loans from group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity Instruments issued by the company are recorded at a fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2023 - 22).

Inhurst Landscapes Limited

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

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Computers £
Cost or valuation
At 1 October 2023	7,500	8,622	132,606	6,045
Additions	-	-	36,154	-
Disposals	-	-	(23,000)	-
At 30 September 2024	7,500	8,622	145,760	6,045
Depreciation
At 1 October 2023	1,313	7,249	80,976	4,857
Charge for the year	750	936	15,136	787
Eliminated on disposal	-	-	(9,500)	-
At 30 September 2024	2,063	8,185	86,612	5,644
Carrying amount
At 30 September 2024	5,437	437	59,148	401
At 30 September 2023	6,187	1,373	51,630	1,188

	Total £
Cost or valuation
At 1 October 2023	154,773
Additions	36,154
Disposals	(23,000)
At 30 September 2024	167,927
Depreciation
At 1 October 2023	94,395
Charge for the year	17,609
Eliminated on disposal	(9,500)
At 30 September 2024	102,504
Carrying amount
At 30 September 2024	65,423
At 30 September 2023	60,378

Inhurst Landscapes Limited

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

5

Stocks

	2024 £	2023 £
Work in progress	-	85,585
Other inventories	146,559	189,798
	146,559	275,383

6

Debtors

Current	2024 £	2023 £
Trade debtors	156,942	117,602
Prepayments	19,750	13,585
Other debtors	254,003	207,866
	430,695	339,053

Inhurst Landscapes Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	223,160	219,400
Trade creditors		157,661	130,442
Taxation and social security		258,166	131,742
Other creditors		136,015	121,071
		775,002	602,655