Maytree Landscapes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09398273

Unaudited Financial Statements For The Year Ended 31st January 2021

for

Maytree Landscapes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R R Armstrong

C L Armstrong

REGISTERED OFFICE:

The Loft

Hill End Farm

Langley

Hertfordshire

SG4 7PT

REGISTERED NUMBER:

09398273

ACCOUNTANTS:

JC Accounts Ltd

The Loft

Hill End Farm

Langley

Hertfordshire

SG4 7PT

FIXED ASSETS

Tangible assets

4

329,846

254,817

CURRENT ASSETS

Stocks

61,685

1,735

Debtors

5

21,318

159,395

Cash at bank and in hand

292,692

57,675

375,695

218,805

CREDITORS

Amounts falling due within one year

6

113,650

126,539

NET CURRENT ASSETS

262,045

92,266

TOTAL ASSETS LESS CURRENT LIABILITIES

591,891

347,083

CREDITORS

Amounts falling due after more than one year

7

(308,582

)

(89,549

)

PROVISIONS FOR LIABILITIES

(56,328

)

(41,145

)

NET ASSETS

226,981

216,389

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

226,881

216,289

226,981

216,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2021 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 and authorised for issue on 16th June 2021 and were signed on its behalf by:

R R Armstrong - Director

1.	STATUTORY INFORMATION

Maytree Landscapes Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year 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 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

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 year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2020

342,206

Additions

146,976

Disposals

(7,690

)

At 31st January 2021

481,492

DEPRECIATION

At 1st February 2020

87,389

Charge for year

67,342

Eliminated on disposal

(3,085

)

At 31st January 2021

151,646

NET BOOK VALUE

At 31st January 2021

329,846

At 31st January 2020

254,817

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

31/1/20

£

£

Trade debtors

-

141,463

Other debtors

21,318

17,932

21,318

159,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

31/1/20

£

£

Hire purchase contracts

69,217

39,989

Trade creditors

24,265

37,947

Taxation and social security

11,873

46,637

Other creditors

8,295

1,966

113,650

126,539

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/21

31/1/20

£

£

Bank loans

200,000

-

Hire purchase contracts

108,582

89,549

308,582

89,549