Planning and Landscape Specialists Ltd. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05879729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

PLANNING AND LANDSCAPE SPECIALISTS LTD.

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr P A Longbottom

Mrs J Longbottom

Mr A Longbottom

Mrs L J Longbottom

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

05879729 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

9,798

13,593

CURRENT ASSETS

Stocks

2,250

2,250

Debtors

12,584

16,839

Cash at bank

95,016

74,519

109,850

93,608

CREDITORS

Amounts falling due within one year

76,886

60,621

NET CURRENT ASSETS

32,964

32,987

TOTAL ASSETS LESS CURRENT LIABILITIES

42,762

46,580

CREDITORS

Amounts falling due after more than one year

5

(31,567

)

(41,294

)

PROVISIONS FOR LIABILITIES

6

(1,862

)

(2,583

)

NET ASSETS

9,333

2,703

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8,333

1,703

SHAREHOLDERS' FUNDS

9,333

2,703

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2023 and were signed on its behalf by:

Mr P A Longbottom - Director

1.	STATUTORY INFORMATION

Planning and Landscape Specialists Ltd. is a private company, limited by shares , registered in England and Wales. 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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 4 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2021

and 31 July 2022

35,494

DEPRECIATION

At 1 August 2021

21,901

Charge for year

3,795

At 31 July 2022

25,696

NET BOOK VALUE

At 31 July 2022

9,798

At 31 July 2021

13,593

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/7/22

31/7/21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

885

6.	PROVISIONS FOR LIABILITIES

31/7/22

31/7/21

£

£

Deferred tax

1,862

2,583

Deferred

tax

£

Balance at 1 August 2021

2,583

Credit to Statement of Income and Retained Earnings during year

(721

)

Balance at 31 July 2022

1,862

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/22

31/7/21

value:

£

£

500

Ordinary 'A'

£1

500

500

500

Ordinary 'B'

£1

500

500

1,000

1,000

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.