The Landscape Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04015821 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

The Landscape Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J French

J C French

SECRETARY:

REGISTERED OFFICE:

Street Farm

London Road

Stanway

Colchester

Essex

CO3 8LT

REGISTERED NUMBER:

04015821 (England and Wales)

ACCOUNTANTS:

Passmore Weeks and Richardson

Chartered Accountants

2 Beacon End Courtyard

London Road

Stanway

Colchester

Essex

CO3 0NU

FIXED ASSETS

Intangible assets

4

6,185

9,156

Tangible assets

5

520,617

459,391

Investment property

6

442,768

-

969,570

468,547

CURRENT ASSETS

Stocks

403,217

318,231

Debtors

7

79,113

56,346

Prepayments and accrued income

9,841

9,575

Cash at bank and in hand

377,768

803,625

869,939

1,187,777

CREDITORS

Amounts falling due within one year

8

408,605

370,900

NET CURRENT ASSETS

461,334

816,877

TOTAL ASSETS LESS CURRENT LIABILITIES

1,430,904

1,285,424

CREDITORS

Amounts falling due after more than one year

9

(113,206

)

(95,200

)

PROVISIONS FOR LIABILITIES

(29,529

)

(6,269

)

NET ASSETS

1,288,169

1,183,955

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,288,069

1,183,855

SHAREHOLDERS' FUNDS

1,288,169

1,183,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2018 and were signed on its behalf by:

M J French - Director

1.	STATUTORY INFORMATION

The Landscape Centre Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and at varying rates on cost

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.

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 13 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

and 30 June 2018

59,415

AMORTISATION

At 1 July 2017

50,259

Charge for year

2,971

At 30 June 2018

53,230

NET BOOK VALUE

At 30 June 2018

6,185

At 30 June 2017

9,156

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2017

415,168

299,176

714,344

Additions

-

128,598

128,598

Disposals

-

(47,498

)

(47,498

)

At 30 June 2018

415,168

380,276

795,444

DEPRECIATION

At 1 July 2017

61,040

193,913

254,953

Charge for year

4,904

59,384

64,288

Eliminated on disposal

-

(44,414

)

(44,414

)

At 30 June 2018

65,944

208,883

274,827

NET BOOK VALUE

At 30 June 2018

349,224

171,393

520,617

At 30 June 2017

354,128

105,263

459,391

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

442,768

At 30 June 2018

442,768

NET BOOK VALUE

At 30 June 2018

442,768

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

78,466

55,583

Other debtors

647

763

79,113

56,346

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

12,000

12,000

Hire purchase contracts

66,112

32,656

Trade creditors

212,132

172,841

Taxation and social security

110,400

152,535

Other creditors

7,961

868

408,605

370,900

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans

48,013

60,013

Hire purchase contracts

65,193

35,187

113,206

95,200

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5

years repayable by instalments

13

12,013

13

12,013