Robinson Landscape Design Limited Filleted accounts for Companies House (small and micro)

Robinson Landscape Design Limited Filleted accounts for Companies House (small and micro)

ROBINSON LANDSCAPE DESIGN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04012475
ROBINSON LANDSCAPE DESIGN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2021
ROBINSON LANDSCAPE DESIGN LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2021
2021
2020
Note
£
£
£
£
Fixed assets
Tangible assets
5
9,009
8,195
Current assets
Stocks
6,114
6,114
Debtors
6
157,025
160,372
Cash at bank and in hand
–
6,969
------------
------------
163,139
173,455
Creditors: amounts falling due within one year
7
( 81,662)
( 107,939)
------------
------------
Net current assets
81,477
65,516
------------
------------
Total assets less current liabilities
90,486
73,711
Creditors: amounts falling due after more than one year
8
( 69,286)
( 65,728)
Provisions
Taxation including deferred tax
( 1,719)
( 1,351)
------------
------------
Net assets
19,481
6,632
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
19,381
6,532
------------
------------
Members funds
19,481
6,632
------------
------------
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 Section 1A of 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 31 May 2021 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 .
ROBINSON LANDSCAPE DESIGN LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2021
These financial statements were approved by the board of directors and authorised for issue on 30 May 2022 , and are signed on behalf of the board by:
Mr T Robinson
Director
Company registration number: 04012475
ROBINSON LANDSCAPE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hedgeley, North Bank, Haydon Bridge, Northumberland, NE47 6LY.
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 . The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted 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.
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:
Land and Buildings
-
10% straight line
Furniture and Equipment
-
15% straight line
Computer equipment
-
20% straight line
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.
Government grants
Government grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account in the year to which they relate.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2020: 5 ).
5. Tangible assets
Land and buildings
Furniture and equipment
Computer Equipment
Total
£
£
£
£
Cost
At 1 June 2020
5,079
6,657
16,279
28,015
Additions
–
179
3,808
3,987
------------
------------
------------
------------
At 31 May 2021
5,079
6,836
20,087
32,002
------------
------------
------------
------------
Depreciation
At 1 June 2020
2,764
4,534
12,522
19,820
Charge for the year
508
583
2,082
3,173
------------
------------
------------
------------
At 31 May 2021
3,272
5,117
14,604
22,993
------------
------------
------------
------------
Carrying amount
At 31 May 2021
1,807
1,719
5,483
9,009
------------
------------
------------
------------
At 31 May 2020
2,315
2,123
3,757
8,195
------------
------------
------------
------------
6. Debtors
2021
2020
£
£
Trade debtors
38,766
64,794
Other debtors
118,259
95,578
------------
------------
157,025
160,372
------------
------------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
15,642
5,000
Trade creditors
817
5,306
Corporation tax
7,707
26,959
Social security and other taxes
22,770
29,407
Other creditors
34,726
41,267
------------
------------
81,662
107,939
------------
------------
8. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
63,310
25,000
Other creditors
5,976
40,728
------------
------------
69,286
65,728
------------
------------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2020: £5,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr T Robinson
37,051
29,352
( 17,379)
49,024
Mrs G B Robinson
37,050
29,352
( 17,379)
49,023
------------
------------
------------
------------
74,101
58,704
( 34,758)
98,047
------------
------------
------------
------------
2020
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr T Robinson
33,717
44,022
( 40,688)
37,051
Mrs G B Robinson
33,717
44,021
( 40,688)
37,050
------------
------------
------------
------------
67,434
88,043
( 81,376)
74,101
------------
------------
------------
------------
The loans are non-interest bearing and are included within other debtors in note 6.