JB Landscape & Property Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09099197 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

JB LANDSCAPE & PROPERTY MAINTENANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bartholomew

S J Bartholomew

REGISTERED OFFICE:

940/1 Popjak Road

Kent Science Park

Sittingbourne

Kent

ME9 8HL

REGISTERED NUMBER:

09099197 (England and Wales)

ACCOUNTANTS:

Williams Giles Professional Services Ltd

Chartered Accountants

12 Conqueror Court

Sittingbourne

Kent

ME10 5BH

FIXED ASSETS

Intangible assets

4

10,862

54,310

Tangible assets

5

115,745

89,464

126,607

143,774

CURRENT ASSETS

Stocks

3,000

5,000

Debtors

6

87,068

60,833

Cash at bank and in hand

428

27,718

90,496

93,551

CREDITORS

Amounts falling due within one year

7

154,149

201,874

NET CURRENT LIABILITIES

(63,653

)

(108,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,954

35,451

CREDITORS

Amounts falling due after more than one year

8

(41,432

)

(11,314

)

PROVISIONS FOR LIABILITIES

(21,359

)

(16,998

)

NET ASSETS

163

7,139

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63

7,039

SHAREHOLDERS' FUNDS

163

7,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 January 2020 and were signed on its behalf by:

M Bartholomew - Director

S J Bartholomew - Director

1.	STATUTORY INFORMATION

JB Landscape & Property Maintenance Ltd 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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value

added taxes.

Turnover from the rendering of landscape gardening 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair

value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not

financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or

less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are

measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate

method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not

capitalised.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

217,240

AMORTISATION

At 1 August 2018

162,930

Charge for year

43,448

At 31 July 2019

206,378

NET BOOK VALUE

At 31 July 2019

10,862

At 31 July 2018

54,310

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2018

96,712

2,867

55,005

3,761

158,345

Additions

11,273

-

54,185

-

65,458

Disposals

(20,000

)

-

-

-

(20,000

)

At 31 July 2019

87,985

2,867

109,190

3,761

203,803

DEPRECIATION

At 1 August 2018

40,706

1,277

25,208

1,690

68,881

Charge for year

11,408

318

16,797

414

28,937

Eliminated on disposal

(9,760

)

-

-

-

(9,760

)

At 31 July 2019

42,354

1,595

42,005

2,104

88,058

NET BOOK VALUE

At 31 July 2019

45,631

1,272

67,185

1,657

115,745

At 31 July 2018

56,006

1,590

29,797

2,071

89,464

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2018

56,000

10,605

66,605

Additions

-

54,185

54,185

At 31 July 2019

56,000

64,790

120,790

DEPRECIATION

At 1 August 2018

14,400

3,818

18,218

Charge for year

-

11,923

11,923

At 31 July 2019

14,400

15,741

30,141

NET BOOK VALUE

At 31 July 2019

41,600

49,049

90,649

At 31 July 2018

41,600

6,787

48,387

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

83,050

58,711

Other debtors

4,018

2,122

87,068

60,833

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

16,260

-

Hire purchase contracts (see note 9)

23,100

25,253

Trade creditors

9,879

6,708

Taxation and social security

32,660

52,076

Other creditors

72,250

117,837

154,149

201,874

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts (see note 9)

41,432

11,314

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2019

2018

£

£

Net obligations repayable:

Within one year

23,100

25,253

Between one and five years

41,432

11,314

64,532

36,567

Non-cancellable operating

leases

2019

2018

£

£

Within one year

14,634

18,680

Between one and five years

30,488

45,121

45,122

63,801