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Pretty Green Grounds Maintenance Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2017

Hallidays
Chartered Accountants
Riverside House
Kings Reach Business Park
Yew Street
Stockport
SK4 2HD

Pretty Green Grounds Maintenance Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 7

Pretty Green Grounds Maintenance Limited

Company Information

Director

Mr P McManus

Registered office

1A Longton Road Salford Lancashire M6 7QW

Accountants

Hallidays Chartered Accountants Riverside House Kings Reach Business Park Yew Street Stockport SK4 2HD

Page 1

Pretty Green Grounds Maintenance Limited

(Registration number: 08707142)
Balance Sheet as at 30 September 2017

	Note	2017 £	2016 £
Fixed assets
Intangible assets	4	36,667	46,667
Tangible assets	5	45,151	66,287
		81,818	112,954
Current assets
Debtors	6	32,825	40,982
Cash at bank and in hand		2,180	11,661
		35,005	52,643
Creditors: Amounts falling due within one year	7	(24,104)	(35,464)
Net current assets		10,901	17,179
Total assets less current liabilities		92,719	130,133
Creditors: Amounts falling due after more than one year	7	(112,698)	(124,515)
Net (liabilities)/assets		(19,979)	5,618
Capital and reserves
Called up share capital		2	2
Profit and loss account		(19,981)	5,616
Total equity		(19,979)	5,618

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 2

Pretty Green Grounds Maintenance Limited

(Registration number: 08707142)
Balance Sheet as at 30 September 2017

For the financial year ending 30 September 2017 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 June 2018
 

.........................................

Mr P McManus

Director

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 3

Pretty Green Grounds Maintenance Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
1A Longton Road
Salford
Lancashire
M6 7QW

These financial statements were authorised for issue by the director on 19 June 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	50% straight line
Motor vehicles	25% straight line
Plant and machinery	40% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Page 4

Pretty Green Grounds Maintenance Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2016 - 3).

Page 5

Pretty Green Grounds Maintenance Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2016	50,000	50,000
At 30 September 2017	50,000	50,000
Amortisation
At 1 October 2016	3,333	3,333
Amortisation charge	10,000	10,000
At 30 September 2017	13,333	13,333
Carrying amount
At 30 September 2017	36,667	36,667
At 30 September 2016	46,667	46,667

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 October 2016	350	32,800	41,365	74,515
Additions	-	-	8,753	8,753
Disposals	-	(2,500)	(3,500)	(6,000)
At 30 September 2017	350	30,300	46,618	77,268
Depreciation
At 1 October 2016	58	2,733	5,437	8,228
Charge for the year	175	7,230	18,144	25,549
Eliminated on disposal	-	(494)	(1,166)	(1,660)
At 30 September 2017	233	9,469	22,415	32,117
Carrying amount
At 30 September 2017	117	20,831	24,203	45,151
At 30 September 2016	292	30,067	35,928	66,287

Page 6

Pretty Green Grounds Maintenance Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

6

Debtors

	2017 £	2016 £
Trade debtors	32,825	36,982
Other debtors	-	4,000
Total current trade and other debtors	32,825	40,982

7

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		3,308	4,298
Taxation and social security		14,718	12,840
Other creditors		6,078	18,326
		24,104	35,464
Due after one year
Other non-current financial liabilities		112,698	124,515