PMC Landscapes Limited - Accounts to registrar (filleted) - small 18.2
PMC Landscapes Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| PMC Landscapes Limited |
| Unaudited Financial Statements |
| For The Year Ended 31st January 2021 |
| PMC Landscapes Limited (Registered number: 04093684) |
| Contents of the Financial Statements |
| For The Year Ended 31st January 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 8 |
| PMC Landscapes Limited |
| Company Information |
| For The Year Ended 31st January 2021 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| Unit 81 Centaur Court |
| Claydon Business Park |
| Gt. Blakenham |
| Ipswich |
| Suffolk |
| IP6 0NL |
| PMC Landscapes Limited (Registered number: 04093684) |
| Balance Sheet |
| 31st January 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| PMC Landscapes Limited (Registered number: 04093684) |
| Balance Sheet - continued |
| 31st January 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| PMC Landscapes Limited (Registered number: 04093684) |
| Notes to the Financial Statements |
| For The Year Ended 31st January 2021 |
| 1. | STATUTORY INFORMATION |
| PMC Landscapes Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office Equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| PMC Landscapes Limited (Registered number: 04093684) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st January 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| PMC Landscapes Limited (Registered number: 04093684) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st January 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Office |
| machinery | fittings | vehicles | Equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st February 2020 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st January 2021 |
| DEPRECIATION |
| At 1st February 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st January 2021 |
| NET BOOK VALUE |
| At 31st January 2021 |
| At 31st January 2020 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st February 2020 |
| and 31st January 2021 |
| NET BOOK VALUE |
| At 31st January 2021 |
| At 31st January 2020 |
| 6. | STOCKS |
| 2021 | 2020 |
| £ | £ |
| Stocks & Work-in-progress |
| PMC Landscapes Limited (Registered number: 04093684) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st January 2021 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Bad debt provision | (58,979 | ) | (160,677 | ) |
| Amounts owed by participating interests | 120,058 | 202,391 |
| Other debtors |
| Staff loan | 16,759 | - |
| T Cox Loan | 145,000 | 129,000 |
| I Hull Loan | 25,569 | 20,845 |
| S Johnson Loan | 1,000 | 1,000 |
| Directors' loan accounts | 8,233 | 9,650 |
| Tax |
| VAT |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to participating interests | 27,667 | - |
| Tax |
| Social security and other taxes |
| Other creditors |
| Net Wages Control Account | - | (617 | ) |
| Valley Barns Loan | 35,000 | 35,000 |
| Funding Circle Loan | 12,326 | 118,395 |
| Credit Card | 3,825 | 5,249 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts |
| Funding Circle Loan | - | 17,888 |
| PMC Landscapes Limited (Registered number: 04093684) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st January 2021 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st February 2020 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 31st January 2021 |