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REGISTERED NUMBER: 06646191 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Aire Valley Tree Services Limited

Aire Valley Tree Services Limited (Registered number: 06646191)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aire Valley Tree Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr N A Whitaker
Mrs H A Whitaker





REGISTERED OFFICE: The Old Smithy Lee Lane East
Horsforth
Leeds
West Yorkshire
LS18 5RE





REGISTERED NUMBER: 06646191 (England and Wales)





ACCOUNTANTS: SMH D'Arcy Howard & Co
2, Pavilion Business Park
Royds Hall Road
Lower Wortley
Leeds
West Yorkshire
LS12 6AJ

Aire Valley Tree Services Limited (Registered number: 06646191)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 134,638 168,724
Investments 6 142,892 116,504
277,530 285,228

CURRENT ASSETS
Debtors 7 59,481 80,077
Cash at bank and in hand 63,056 54,707
122,537 134,784
CREDITORS
Amounts falling due within one year 8 96,023 89,382
NET CURRENT ASSETS 26,514 45,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,044

330,630

CREDITORS
Amounts falling due after more than one year 9 (26,106 ) (52,530 )

PROVISIONS FOR LIABILITIES 13 (29,076 ) (28,316 )
NET ASSETS 248,862 249,784

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 248,762 249,684
SHAREHOLDERS' FUNDS 248,862 249,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Aire Valley Tree Services Limited (Registered number: 06646191)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




Mr N A Whitaker - Director



Mrs H A Whitaker - Director


Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Aire Valley Tree Services 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 as modified by the revaluation of certain assets.

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 2009, 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 127,995 14,403 189,342 22,568 354,308
Additions 1,556 - - - 1,556
Disposals (378 ) - - - (378 )
At 31 March 2023 129,173 14,403 189,342 22,568 355,486
DEPRECIATION
At 1 April 2022 54,333 11,571 101,051 18,629 185,584
Charge for year 11,105 425 22,073 1,718 35,321
Eliminated on disposal (57 ) - - - (57 )
At 31 March 2023 65,381 11,996 123,124 20,347 220,848
NET BOOK VALUE
At 31 March 2023 63,792 2,407 66,218 2,221 134,638
At 31 March 2022 73,662 2,832 88,291 3,939 168,724

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 68,550 126,428 194,978
DEPRECIATION
At 1 April 2022 23,152 51,675 74,827
Charge for year 6,810 18,688 25,498
At 31 March 2023 29,962 70,363 100,325
NET BOOK VALUE
At 31 March 2023 38,588 56,065 94,653
At 31 March 2022 45,398 74,753 120,151

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 116,504
Additions 24,999
Revaluations 1,389
At 31 March 2023 142,892
NET BOOK VALUE
At 31 March 2023 142,892
At 31 March 2022 116,504

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2019 1,807
Valuation in 2020 (3,202 )
Valuation in 2021 13,769
Valuation in 2022 4,630
Valuation in 2023 1,389
Cost 124,499
142,892

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 55,007 76,105
Other debtors 4,474 3,972
59,481 80,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases (see note 10)
26,425

29,449
Trade creditors 16,217 19,747
Taxation and social security 45,067 36,716
Other creditors 8,314 3,470
96,023 89,382

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases (see note 10)
26,106

52,530

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Gross obligations repayable:
Within one year 21,902 26,674 6,684 6,684
Between one and five years 17,015 38,917 10,470 17,154
38,917 65,591 17,154 23,838

Finance charges repayable:
Within one year 1,294 2,645 867 1,264
Between one and five years 760 2,056 619 1,485
2,054 4,701 1,486 2,749

Net obligations repayable:
Within one year 20,608 24,029 5,817 5,420
Between one and five years 16,255 36,861 9,851 15,669
36,863 60,890 15,668 21,089

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year - 990

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 52,531 81,979

The hire purchase contracts are secured on the assets to which they relate.

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. FINANCIAL INSTRUMENTS

Carrying amount of financial assets.

Instruments measured at fair value through profit or loss as at 31 March 2023 totalled £142,892 (2022 - £116,504).

13. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 29,076 28,316

Deferred
tax
£   
Balance at 1 April 2022 28,316
Accelerated capital allowances 496
Unrealised investment gains 264
Balance at 31 March 2023 29,076

The provision for deferred tax is made up of accelerated capital allowances.

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

15. ULTIMATE CONTROLLING PARTY

No controlling party can be identified.