ILLMAN_YOUNG_LANDSCAPE_DE - Accounts

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED - Company Information

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Company Registration No. 04727523 (England and Wales)

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

26,250

30,000

Tangible assets

42,295

55,699

68,545

85,699

Current assets

Debtors

189,624

151,353

Cash at bank and in hand

189,653

151,382

Creditors: amounts falling due within one year

(221,775)

(227,645)

Net current liabilities

(32,122)

(76,263)

Total assets less current liabilities

36,423

9,436

Capital and reserves

Called up share capital

Profit and loss account

36,422

9,435

Shareholders' funds

36,423

9,436

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 July 2016

S E Illman

Director

Company Registration No. 04727523

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Goodwill - To be written off over 20 years

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

20% Straight line

Computer equipment

20% Reducing balance

Fixtures, fittings & equipment

20% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ILLMAN YOUNG LANDSCAPE DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015 & at 30 April 2016

75,000

142,961

217,961

Depreciation

At 1 May 2015

45,000

87,261

132,261

Charge for the year

3,750

13,405

17,155

At 30 April 2016

48,750

100,666

149,416

Net book value

At 30 April 2016

26,250

42,295

68,545

At 30 April 2015

30,000

55,699

85,699

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary shares of £1 each