Caseware UK (AP4) 2021.0.152 2021.0.152 2021-08-312021-08-312020-09-01falseprovision of arboricultural services11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05209189 2020-09-01 2021-08-31 05209189 2019-09-01 2020-08-31 05209189 2021-08-31 05209189 2020-08-31 05209189 c:Director1 2020-09-01 2021-08-31 05209189 d:OfficeEquipment 2020-09-01 2021-08-31 05209189 d:OfficeEquipment 2021-08-31 05209189 d:OfficeEquipment 2020-08-31 05209189 d:CurrentFinancialInstruments 2021-08-31 05209189 d:CurrentFinancialInstruments 2020-08-31 05209189 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 05209189 d:CurrentFinancialInstruments d:WithinOneYear 2020-08-31 05209189 d:ShareCapital 2021-08-31 05209189 d:ShareCapital 2020-08-31 05209189 d:RetainedEarningsAccumulatedLosses 2021-08-31 05209189 d:RetainedEarningsAccumulatedLosses 2020-08-31 05209189 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-08-31 05209189 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-08-31 05209189 c:FRS102 2020-09-01 2021-08-31 05209189 c:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 05209189 c:FullAccounts 2020-09-01 2021-08-31 05209189 c:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 05209189 2 2020-09-01 2021-08-31 iso4217:GBP xbrli:pure

Registered number: 05209189









TREE:FABRIK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2021

 
TREE:FABRIK LIMITED
REGISTERED NUMBER: 05209189

BALANCE SHEET
AS AT 31 AUGUST 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
78,706
75,363

Cash at bank and in hand
  
2,333
9,400

  
81,039
84,763

Creditors: amounts falling due within one year
  
(19,659)
(17,463)

Net current assets
  
 
 
61,380
 
 
67,300

Total assets less current liabilities
  
61,380
67,300

  

Net assets
  
61,380
67,300


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
61,379
67,299

  
61,380
67,300


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 August 2022.




Mr. J. Rath
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 1

 
TREE:FABRIK LIMITED
REGISTERED NUMBER: 05209189
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2021


Page 2

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

1.


General information

The entity is a private company limited by shares incorporated in England and Wales. The Registered Office address is Lenten House, 16 Lenten Street, Alton, Hampshire, GU34 1HG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company sold its trade to Fabrik Limited on 31 January 2022. Whilst the company had a positive balance sheet following sale, the Director has not yet decided upon its future direction. Until such times as a decision is made the Director considers the company to be a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2020
2,422



At 31 August 2021

2,422



Depreciation


At 1 September 2020
2,422



At 31 August 2021

2,422



Net book value



At 31 August 2021
-



At 31 August 2020
-


5.


Debtors

2021
2020
£
£


Trade debtors
15,215
29,870

Other debtors
62,102
45,172

Prepayments and accrued income
-
321

Deferred taxation
1,389
-

78,706
75,363


Page 6

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
2,333
9,400

2,333
9,400



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
6,499
196

Corporation tax
-
1,276

Other taxation and social security
7,952
11,220

Other creditors
4,021
4,021

Accruals and deferred income
1,187
750

19,659
17,463



8.


Financial instruments

2021
2020
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,333
9,400




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Pension commitments

The Company contributes into defined contributions pension schemes in the name of the director and the employee. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £35,328 (2020 - £21,328). Contributions totalling £Nil (2020 - £Nil) were payable to the funds at the balance sheet date



Page 7

 
TREE:FABRIK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

10.


Related party transactions

Tree:Fabrik Limited trades from a premises leased by Fabrik Limited. A management charge of £2,917 (2020 £5,000) was incurred in the year to cover rental costs and administrative staff. A further £159 (2020 £326) was invoiced by Fabrik Limited in the year, and £437 accrued to cover technical support and other costs provided in the year. During the year Tree:Fabrik Limited invoiced services to Fabrik Limited of £46,095 (2020 £17,416). At year end Tree:Fabrik was owed a trade debt of £6,049 (2020 £9,677), an inter-company debt of £9,715 (2020 £9,556) by Fabrik Limited and owed a trade credit of £6,468 (2020 £196). Mr. J. Rath, the director of Tree:Fabrik Limited has control over the entire share capital of Fabrik Limited. Mr. Rath also owed the company £37,555 (2020 £30,616) at year end which will be cleared after the year end. Interest has been charged by the company on this balance.


11.


Controlling party

The company was under the control of Mr. J. Rath during the year by virtue of Mr. Rath owning the entire share capital.

 
Page 8