Plantcare Foliage Display Specialists Li - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03532332 (England and Wales)

PLANTCARE FOLIAGE DISPLAY SPECIALISTS

LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Nightingale

A M Nightingale

D Sparke

SECRETARY:

Mrs S M Nightingale

REGISTERED OFFICE:

Unit 4 Stone Enterprise Park

Stone Business Park

Stone

Staffordshire

ST15 0SR

REGISTERED NUMBER:

03532332 (England and Wales)

FIXED ASSETS

Tangible assets

4

45,766

31,767

CURRENT ASSETS

Stocks

30,000

5,000

Debtors

5

91,164

70,425

Cash at bank and in hand

36,981

100

158,145

75,525

CREDITORS

Amounts falling due within one year

6

(111,288

)

(73,139

)

NET CURRENT ASSETS

46,857

2,386

TOTAL ASSETS LESS CURRENT LIABILITIES

92,623

34,153

CREDITORS

Amounts falling due after more than one year

7

(34,947

)

(30,858

)

PROVISIONS FOR LIABILITIES

(8,696

)

-

NET ASSETS

48,980

3,295

CAPITAL AND RESERVES

Called up share capital

9

1,600

1,600

Retained earnings

47,380

1,695

SHAREHOLDERS' FUNDS

48,980

3,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by:

Mrs S M Nightingale - Director

A M Nightingale - Director

1.	STATUTORY INFORMATION

Plantcare Foliage Display Specialists 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 Section

1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act

2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

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

rebates, value added tax and other sales taxes.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from landscape gardening services is

recognised by reference to the stage of completion at the balance sheet date. Stage of completion is

measured by reference to work performed..

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses

recognised that are recoverable.

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

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated 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 stock to its present location and

condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and

slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet 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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

97,253

Additions

38,293

Disposals

(49,429

)

At 30 September 2019

86,117

DEPRECIATION

At 1 October 2018

65,486

Charge for year

15,256

Eliminated on disposal

(40,391

)

At 30 September 2019

40,351

NET BOOK VALUE

At 30 September 2019

45,766

At 30 September 2018

31,767

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

Plant and

machinery

etc

£

COST

At 1 October 2018

18,195

Additions

38,293

Disposals

(18,195

)

At 30 September 2019

38,293

DEPRECIATION

At 1 October 2018

12,439

Charge for year

9,573

Eliminated on disposal

(12,439

)

At 30 September 2019

9,573

NET BOOK VALUE

At 30 September 2019

28,720

At 30 September 2018

5,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

64,314

37,565

Bad debt provision

(3,769

)

-

Directors' current accounts

26,299

32,613

Prepayments and accrued income

4,320

247

91,164

70,425

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

25,990

39,205

Hire purchase contracts

6,046

3,659

Trade creditors

9,968

598

Corporation tax

28,527

9,719

Social security and other taxes

2,166

4,446

VAT

14,890

12,590

Other creditors

104

472

Directors' current accounts

21,447

-

Accruals and deferred income

2,150

2,450

111,288

73,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans - 1-2 years

5,735

29,943

Bank loans - 2-5 years

15,741

-

Hire purchase contracts

13,471

915

34,947

30,858

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

19,517

4,574

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

A Ordinary

£1

1,000

1,000

500

B Ordinary

£1

500

500

100

C Ordinary

£100

100

100

1,600

1,600

10.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet

amount to £8,500 (2018 £8,500).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2019 and

30 September 2018:

2019

2018

£

£

Mrs S M Nightingale

Balance outstanding at start of year

51,610

27,289

Amounts advanced

-

24,321

Amounts repaid

(25,311

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,299

51,610

This loan has been provided interest free and is repayable on demand.