Company Registration No. SC463269
TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
-
0
2,390
Cash at bank and in hand
25,433
42,217
25,433
44,607
Creditors: amounts falling due within one year
5
(86,365)
(91,705)
Net current liabilities
(60,932)
(47,098)
Reserves
Income and expenditure account
(60,932)
(47,098)
Members' funds
(60,932)
(47,098)

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 6 September 2023 and are signed on its behalf by:
Mr S Micklewright
Director
Company Registration No. SC463269
TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Trees for Life Enterprises Limited is a private company limited by guarantee incorporated in Scotland. The registered office is 566 East Whins, The Park, Findhorn, Forres, Moray, IV36 3TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Trees For Life. These consolidated financial statements are available from its registered office, 566 East Whins, The Park, Findhorn, Moray, IV36 3TH .

1.2
Going concern

The company had net current liabilities at the year end of £60,932 (2022 - £47,098).true

The parent charity has agreed to continue to support the company in the short to medium term in order to allow the company to continue in operation for the foreseeable future.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies (Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.6
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent charity, Trees For Life, as a wholly owned subsidiary of the group.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
TREES FOR LIFE ENTERPRISES LIMITED
T/A TREES FOR LIFE WOODLAND SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
3
Auditor's remuneration
2023
2022
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
2,600
2,000
For other services
All other non-audit services
750
650
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
1,304
Prepayments and accrued income
-
0
1,086
-
0
2,390
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
1,365
Taxation and social security
539
89
Other creditors
85,826
90,251
86,365
91,705
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark D Sanderson BSc CA
Statutory Auditor:
MacKenzie Kerr Limited
2023-01-312022-02-01false07 September 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedMr Nigel James FraserMr S MicklewrightMs Jane CummingMr I P RichardsMr David RussellMr C G WardMrs L MillerfalseSC4632692022-02-012023-01-31SC4632692023-01-31SC4632692022-01-31SC463269core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-31SC463269core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-31SC463269core:CurrentFinancialInstruments2023-01-31SC463269core:CurrentFinancialInstruments2022-01-31SC463269core:RetainedEarningsAccumulatedLosses2023-01-31SC463269core:RetainedEarningsAccumulatedLosses2022-01-31SC463269bus:Director22022-02-012023-01-31SC4632692021-02-012022-01-31SC463269bus:CompanyLimitedByGuarantee2022-02-012023-01-31SC463269bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-31SC463269bus:FRS1022022-02-012023-01-31SC463269bus:Audited2022-02-012023-01-31SC463269bus:Director12022-02-012023-01-31SC463269bus:Director32022-02-012023-01-31SC463269bus:Director42022-02-012023-01-31SC463269bus:Director52022-02-012023-01-31SC463269bus:Director62022-02-012023-01-31SC463269bus:CompanySecretary12022-02-012023-01-31SC463269bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP