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REGISTERED NUMBER: 07522539 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Poplar Tree Landscapes (PTL) Limited

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poplar Tree Landscapes (PTL) Limited

Company Information
for the year ended 28 February 2023







DIRECTOR: B P Kay





REGISTERED OFFICE: Catesby Farm
Lapworth Street
Lapworth
Solihull
West Midlands
B94 5QT





REGISTERED NUMBER: 07522539 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 412,718 323,972
412,718 323,972

CURRENT ASSETS
Debtors 6 76,541 404,865
Cash at bank and in hand 825,882 516,505
902,423 921,370
CREDITORS
Amounts falling due within one year 7 892,858 799,729
NET CURRENT ASSETS 9,565 121,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,283

445,613

CREDITORS
Amounts falling due after more than one
year

8

(85,673

)

(105,463

)

PROVISIONS FOR LIABILITIES (92,975 ) (68,507 )
NET ASSETS 243,635 271,643

CAPITAL AND RESERVES
Called up share capital 205 204
Retained earnings 243,430 271,439
SHAREHOLDERS' FUNDS 243,635 271,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Balance Sheet - continued
28 February 2023


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

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 director and authorised for issue on 29 September 2023 and were signed by:





B P Kay - Director


Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Poplar Tree Landscapes (PTL) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 21,200
AMORTISATION
At 1 March 2022
and 28 February 2023 21,200
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 33,637 506,953 12,629 242,121 795,340
Additions 1,041 84,226 - 176,860 262,127
Disposals - (41,250 ) - (85,747 ) (126,997 )
At 28 February 2023 34,678 549,929 12,629 333,234 930,470
DEPRECIATION
At 1 March 2022 12,049 331,851 7,015 120,453 471,368
Charge for year 3,468 55,206 1,017 64,777 124,468
Eliminated on disposal - (31,745 ) - (46,339 ) (78,084 )
At 28 February 2023 15,517 355,312 8,032 138,891 517,752
NET BOOK VALUE
At 28 February 2023 19,161 194,617 4,597 194,343 412,718
At 28 February 2022 21,588 175,102 5,614 121,668 323,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 310,500 116,318 426,818
Additions - 111,395 111,395
Disposals - (85,747 ) (85,747 )
At 28 February 2023 310,500 141,966 452,466
DEPRECIATION
At 1 March 2022 200,808 53,981 254,789
Charge for year 27,422 33,581 61,003
Eliminated on disposal - (46,339 ) (46,339 )
At 28 February 2023 228,230 41,223 269,453
NET BOOK VALUE
At 28 February 2023 82,270 100,743 183,013
At 28 February 2022 109,692 62,337 172,029

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,230 64,499
Other debtors 71,311 340,366
76,541 404,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 44,176 98,005
Trade creditors 406,264 224,213
Taxation and social security 145,366 89,475
Other creditors 297,052 388,036
892,858 799,729

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 57,839 49,796
Taxation and social security 27,834 55,667
85,673 105,463

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 102,015 147,801

Hire purchase debts are secured on the assets in question.

10. RELATED PARTY DISCLOSURES

During the year transfers were made to Mrs Kay's Property Services Ltd, a company under control of the Director's spouse, totalling £132,300 (2022:£1,558). A dividend was voted and at the year end the company owed £142 (2022: was owed £311,588).