Company Registration No. SC415918 (Scotland)
Treehouse Childrenswear Ltd
Unaudited accounts
for the period from 1 March 2022 to 31 August 2023
Treehouse Childrenswear Ltd
Unaudited accounts
Contents
Treehouse Childrenswear Ltd
Company Information
for the period from 1 March 2022 to 31 August 2023
Directors
Kim Duncan
Sophie Mackay
Company Number
SC415918 (Scotland)
Registered Office
10-12 Hamilton Place
Edinburgh
EH3 5AU
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Treehouse Childrenswear Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
6,947
55,318
Creditors: amounts falling due within one year
(70,543)
(120,403)
Net current (liabilities)/assets
(60,567)
17,441
Total assets less current liabilities
(60,567)
20,154
Provisions for liabilities
Net (liabilities)/assets
(60,567)
19,638
Called up share capital
2
2
Profit and loss account
(60,569)
19,636
Shareholders' funds
(60,567)
19,638
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Kim Duncan
Director
Company Registration No. SC415918
Treehouse Childrenswear Ltd
Notes to the Accounts
for the period from 1 March 2022 to 31 August 2023
Treehouse Childrenswear Ltd is a private company, limited by shares, registered in Scotland, registration number SC415918. The registered office is 10-12 Hamilton Place, Edinburgh, EH3 5AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Fixtures & fittings
20% Straight Line
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Treehouse Childrenswear Ltd
Notes to the Accounts
for the period from 1 March 2022 to 31 August 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
16,758
24,818
41,576
Disposals
(16,758)
(24,818)
(41,576)
At 1 March 2022
16,758
22,105
38,863
On disposals
(16,758)
(22,105)
(38,863)
At 28 February 2022
-
2,713
2,713
Amounts falling due within one year
Accrued income and prepayments
-
246
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,801
8,977
Taxes and social security
3,441
5,065
Other creditors
64,209
28,061
Loans from directors
877
77,200
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
Included within 'Loans from directors' is an amount of £877 (2022: £77,200) due to the directors by the company. The loan is interest free and has no terms for repayment.
Included within 'Other creditors' is an amount of £64,209 (2022: £28,061) due by the company to Treehouse Kids Haircuts Ltd, a company controlled by the directors. The loan is interest free and has no terms for repayment.
Treehouse Childrenswear Ltd
Notes to the Accounts
for the period from 1 March 2022 to 31 August 2023
9
Average number of employees
During the period the average number of employees was 5 (2022: 6).