Outsiders Landscaping Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07584838 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST NOVEMBER 2018 TO 31ST MARCH 2020

FOR

OUTSIDERS LANDSCAPING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Allott

SECRETARY:

Mrs A Allott

REGISTERED OFFICE:

c/o Atkinson Evans Limited

The Old Drill Hall, 10 Arnot Hill Road

Arnold

NOTTINGHAM

Nottinghamshire

NG5 6LJ

REGISTERED NUMBER:

07584838 (England and Wales)

ACCOUNTANTS:

Atkinson Evans Limited

Chartered Certified Accountants

The Old Drill Hall

10 Arnot Hill Road

Arnold

Nottingham

Nottinghamshire

NG5 6LJ

FIXED ASSETS

Tangible assets

4

9,937

12,602

CURRENT ASSETS

Debtors

5

1,150

5,069

Cash at bank

2,072

493

3,222

5,562

CREDITORS

Amounts falling due within one year

6

10,794

12,040

NET CURRENT LIABILITIES

(7,572

)

(6,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,365

6,124

CREDITORS

Amounts falling due after more than one year

7

(2,778

)

-

PROVISIONS FOR LIABILITIES

(1,706

)

(2,394

)

NET (LIABILITIES)/ASSETS

(2,119

)

3,730

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

(2,221

)

3,628

SHAREHOLDERS' FUNDS

(2,119

)

3,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25th January 2021 and were signed by:

C Allott - Director

1.	STATUTORY INFORMATION

Outsiders Landscaping 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

at varying rates on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2018

36,499

Additions

1,899

At 31st March 2020

38,398

DEPRECIATION

At 1st November 2018

23,897

Charge for period

4,564

At 31st March 2020

28,461

NET BOOK VALUE

At 31st March 2020

9,937

At 31st October 2018

12,602

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Trade debtors

-

4,828

Other debtors

1,150

241

1,150

5,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Bank loans and overdrafts

1,667

-

Trade creditors

1,801

6,242

Taxation and social security

2,382

4,785

Other creditors

4,944

1,013

10,794

12,040

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2018

£

£

Bank loans

2,778

-