ALEX BUTTER LANDSCAPING LIMITED Filleted accounts for Companies House (small and micro)

ALEX BUTTER LANDSCAPING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC158159

ALEX BUTTER LANDSCAPING LIMITED

Filleted Unaudited Financial Statements

30 April 2019

ALEX BUTTER LANDSCAPING LIMITED

Statement of Financial Position

30 April 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		415,975	348,161

Current assets

Stocks		82,000	72,000
Debtors	6	217,438	285,208
Cash at bank and in hand		291	202
		---------	---------
		299,729	357,410

Creditors: amounts falling due within one year	7	408,370		402,838
		---------		---------
Net current liabilities			108,641	45,428
			---------	---------
Total assets less current liabilities			307,334	302,733

Creditors: amounts falling due after more than one year	8		159,370	150,727

Provisions

Taxation including deferred tax	59,034	47,174
	---------	---------
Net assets	88,930	104,832
	---------	---------

ALEX BUTTER LANDSCAPING LIMITED

Statement of Financial Position (continued)

30 April 2019

	2019		2018
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	88,830	104,732
	--------	---------
Shareholders funds	88,930	104,832
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 January 2020 , and are signed on behalf of the board by:

Mr. A. Butter

Director

Company registration number: SC158159

ALEX BUTTER LANDSCAPING LIMITED

Notes to the Financial Statements

Year ended 30 April 2019

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is West Countlich Farm, Kindallachan, Ballinluig, Perthshire, PH9 0NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recogised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to Property	-	6% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2018: 29 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2018	97,811	611,245	812,287	17,059	1,538,402
Additions	–	159,031	33,818	–	192,849
Disposals	–	( 18,000)	( 4,800)	–	( 22,800)
	--------	---------	---------	--------	------------
At 30 April 2019	97,811	752,276	841,305	17,059	1,708,451
	--------	---------	---------	--------	------------
Depreciation
At 1 May 2018	97,811	483,802	596,269	12,359	1,190,241
Charge for the year	–	40,271	61,259	705	102,235
	--------	---------	---------	--------	------------
At 30 April 2019	97,811	524,073	657,528	13,064	1,292,476
	--------	---------	---------	--------	------------
Carrying amount
At 30 April 2019	–	228,203	183,777	3,995	415,975
	--------	---------	---------	--------	------------
At 30 April 2018	–	127,443	216,018	4,700	348,161
	--------	---------	---------	--------	------------

6. Debtors

	2019	2018
	£	£
Trade debtors	186,180	263,133
Other debtors	31,258	22,075
	---------	---------
	217,438	285,208
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	39,105	46,329
Trade creditors	165,995	179,108
Social security and other taxes	61,015	45,501
Other creditors	142,255	131,900
	---------	---------
	408,370	402,838
	---------	---------

8. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Other creditors	159,370	150,727
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr. A. Butter	( 62,258)	13,212	( 49,046)
	--------	--------	--------

	2018
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr. A. Butter	( 98,001)	35,743	( 62,258)
	--------	--------	--------

10. Related party transactions

The company was under the control of Mr Alex Butter throughout the current and previous year. Mr Butter is the managing director and majority shareholder.