Cutting Edge Landscapes (Wm) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06524743

CUTTING EDGE LANDSCAPES (WM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

D S Varley

Secretary:

D S Varley

Registered office:

38 Chester Road

Gresford

Wrexham CB

LL12 8TN

Registered number:

06524743

Accountants:

John Davies and Co

St Andrews House

Yale Business Village

Ellice Way

Wrexham

Wrexham CB

LL13 7YL

Fixed assets

Tangible assets

4

20,390

36,365

Current assets

Stocks

325

320

Debtors

5

8,293

7,256

Cash at bank

-

2,530

8,618

10,106

Creditors

Amounts falling due within one year

6

24,826

19,809

Net current liabilities

(16,208

)

(9,703

)

Total assets less current liabilities

4,182

26,662

Creditors

Amounts falling due after more than one year

7

-

(13,331

)

Provisions for liabilities

(3,874

)

(6,909

)

Net assets

308

6,422

Capital and reserves

Called up share capital

101

101

Retained earnings

207

6,321

308

6,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 8 September 2022 and were signed by:

D S Varley - Director

1.	Statutory information

Cutting Edge Landscapes (Wm) Limited 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.

Plant and machinery

-

25% on cost

Fixtures & fittings

-

33% on cost

Motor vehicles

-

25% on cost

Stocks

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

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.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2021

98,364

Additions

17,024

Disposals

(24,849

)

At 31 March 2022

90,539

Depreciation

At 1 April 2021

61,999

Charge for year

12,541

Eliminated on disposal

(4,391

)

At 31 March 2022

70,149

Net book value

At 31 March 2022

20,390

At 31 March 2021

36,365

5.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

7,682

6,309

Other debtors

611

947

8,293

7,256

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Bank loans and overdrafts

8,912

-

Hire purchase contracts

-

6,767

Trade creditors

552

3,011

Taxation and social security

8,775

8,483

Other creditors

6,587

1,548

24,826

19,809

7.

Creditors: amounts falling due after more than one year

2022

2021

£

£

Hire purchase contracts

-

13,331

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

D S Varley

Balance outstanding at start of year

-

725

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	Related party disclosures