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Registered number: 11273892
Shergold Landscaping LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11273892
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,000 10,000
Tangible Assets 5 26,921 32,411
34,921 42,411
CURRENT ASSETS
Debtors 6 30,479 38,278
Cash at bank and in hand 28,268 50,497
58,747 88,775
Creditors: Amounts Falling Due Within One Year 7 (45,264 ) (43,079 )
NET CURRENT ASSETS (LIABILITIES) 13,483 45,696
TOTAL ASSETS LESS CURRENT LIABILITIES 48,404 88,107
Creditors: Amounts Falling Due After More Than One Year 8 (48,240 ) (58,859 )
NET ASSETS 164 29,248
CAPITAL AND RESERVES
Called up share capital 10 101 100
Profit and Loss Account 63 29,148
SHAREHOLDERS' FUNDS 164 29,248
Page 1
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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 Paul Shergold
Director
22/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Shergold Landscaping LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11273892 . The registered office is 6 Hill Road, Clevedon, North Somerset, BS21 7NE.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Computer Equipment 33% straight line
2.5. 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.
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2.6. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 7 (2024: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Amortisation
As at 1 April 2024 10,000
Provided during the period 2,000
As at 31 March 2025 12,000
Net Book Value
As at 31 March 2025 8,000
As at 1 April 2024 10,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 4,147 48,713 425 53,285
Additions 516 - - 516
As at 31 March 2025 4,663 48,713 425 53,801
...CONTINUED
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Depreciation
As at 1 April 2024 1,940 18,606 328 20,874
Provided during the period 490 5,419 97 6,006
As at 31 March 2025 2,430 24,025 425 26,880
Net Book Value
As at 31 March 2025 2,233 24,688 - 26,921
As at 1 April 2024 2,207 30,107 97 32,411
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,994 33,614
Prepayments and accrued income 3,498 4,664
Director's loan account 14,987 -
30,479 38,278
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,487 20,572
Corporation tax 5,136 12,476
Other taxes and social security 2,774 959
VAT 4,296 8,258
Other creditors 571 590
Director's loan account - 224
45,264 43,079
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,748 19,664
Bank loans 33,492 39,195
48,240 58,859
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 14,748 19,664
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 100
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Paul Shergold - 14,987 - - 14,987
The above loan is unsecured, interest free and repayable on demand.
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