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

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COMPANY REGISTRATION NUMBER: 08781793

IDP Landscape Limited

Filleted Unaudited Financial Statements

31 March 2021

IDP Landscape Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		5,628	4,714

Current assets

Debtors	6	149,608	123,301
Cash at bank and in hand		148,532	37,000
		---------	---------
		298,140	160,301

Creditors: amounts falling due within one year	7	163,898		89,993
		---------		---------
Net current assets			134,242	70,308
			---------	--------
Total assets less current liabilities			139,870	75,022

Creditors: amounts falling due after more than one year	8	43,788	–
		---------	--------
Net assets		96,082	75,022
		---------	--------

Capital and reserves

Called up share capital	101	101
Profit and loss account	95,981	74,921
	--------	--------
Shareholders funds	96,082	75,022
	--------	--------

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 March 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 .

IDP Landscape Limited

Statement of Financial Position (continued)

31 March 2021

These financial statements were approved by the board of directors and authorised for issue on 14 December 2021 , and are signed on behalf of the board by:

Mr K J Charsley

Director

Company registration number: 08781793

IDP Landscape Limited

Notes to the Financial Statements

Year ended 31 March 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 27 Spon Street, Coventry, CV1 3BA.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. 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 and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2020: 7 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2020	13,517	13,517
Additions	3,780	3,780
	--------	--------
At 31 March 2021	17,297	17,297
	--------	--------
Depreciation
At 1 April 2020	8,803	8,803
Charge for the year	2,866	2,866
	--------	--------
At 31 March 2021	11,669	11,669
	--------	--------
Carrying amount
At 31 March 2021	5,628	5,628
	--------	--------
At 31 March 2020	4,714	4,714
	--------	--------

6. Debtors

	2021	2020
	£	£
Trade debtors	146,714	116,219
Other debtors	2,894	7,082
	---------	---------
	149,608	123,301
	---------	---------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	6,212	–
Trade creditors	8,860	18,209
Amounts owed to group undertakings and undertakings in which the company has a participating interest	18,543	10,013
Corporation tax	41,288	18,099
Social security and other taxes	60,793	38,447
Other creditors	28,202	5,225
	---------	--------
	163,898	89,993
	---------	--------

8. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	43,788	–
	--------	----

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 K J Charsley	( 3,901)	( 13,000)	–	( 16,901)
	-------	--------	----	--------

	2020
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr K J Charsley	( 3,898)	2,030	( 2,033)	( 3,901)
	-------	-------	-------	-------

10. Related party transactions

IDP Central Limited An associated company. During the year the company made sales totalling £44,435 (2020 - £83,350) to IDP Central Limited. At the year end the company owing £8,880 (2020 owed £2,749) to IDP Central Limited. Interpret Design Place Limited a company under common control. At the year end the company owing £11,782 (2020 £6,807) to Intepret Design Place Limited.

11. Controlling party

The company was under the control of the directors throughout the current period.