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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
Page
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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
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Treehouse Childrenswear Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
2,713 
Current assets
Inventories
- 
80,506 
Debtors
3,029 
2,020 
Cash at bank and in hand
6,947 
55,318 
9,976 
137,844 
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
Deferred tax
- 
(516)
Net (liabilities)/assets
(60,567)
19,638 
Capital and reserves
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
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Treehouse Childrenswear Ltd Notes to the Accounts for the period from 1 March 2022 to 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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.
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
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
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
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.
Pension costs
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.
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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 31 August 2023
- 
- 
- 
Depreciation
At 1 March 2022
16,758 
22,105 
38,863 
On disposals
(16,758)
(22,105)
(38,863)
At 31 August 2023
- 
- 
- 
Net book value
At 31 August 2023
- 
- 
- 
At 28 February 2022
- 
2,713 
2,713 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
246 
Other debtors
3,029 
1,774 
3,029 
2,020 
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 
Accruals
215 
1,100 
70,543 
120,403 
7
Share capital
2023 
2022 
£ 
£ 
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.
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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).
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