Company Registration No. 10789357 (England and Wales)
PB Tree and Vegetation Maintenance Ltd
Unaudited accounts
for the year ended 31 March 2023
PB Tree and Vegetation Maintenance Ltd
Unaudited accounts
Contents
PB Tree and Vegetation Maintenance Ltd
Company Information
for the year ended 31 March 2023
Directors
P A Blick
S Blick
Company Number
10789357 (England and Wales)
Registered Office
24 Albert Street
Dawlish
Devon
EX7 9LA
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
PB Tree and Vegetation Maintenance Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
22,182
15,129
Cash at bank and in hand
156,942
152,229
Creditors: amounts falling due within one year
(86,668)
(93,303)
Net current assets
94,633
86,306
Total assets less current liabilities
116,815
101,435
Creditors: amounts falling due after more than one year
(16,754)
(18,500)
Provisions for liabilities
Deferred tax
(4,045)
(2,663)
Called up share capital
12
12
Profit and loss account
96,004
80,260
Shareholders' funds
96,016
80,272
For the year ending 31 March 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 11 September 2023 and were signed on its behalf by
P A Blick
Director
Company Registration No. 10789357
PB Tree and Vegetation Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2023
PB Tree and Vegetation Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10789357. The registered office is 24 Albert Street, Dawlish, Devon, EX7 9LA.
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ Sterling
Turnover represents the net value of services provided during the accounting period.
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:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PB Tree and Vegetation Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
15,855
19,112
777
35,744
Additions
2,363
8,739
216
11,318
At 31 March 2023
18,218
27,601
993
46,812
At 1 April 2022
7,356
13,065
194
20,615
Charge for the year
1,900
1,866
249
4,015
At 31 March 2023
9,256
14,931
443
24,630
At 31 March 2023
8,962
12,670
550
22,182
At 31 March 2022
8,499
6,047
583
15,129
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
8,135
6,047
Amounts falling due within one year
Trade debtors
17,400
19,910
Accrued income and prepayments
6,959
7,470
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,843
5,843
Obligations under finance leases and hire purchase contracts
1,844
2,821
Taxes and social security
12,864
16,515
Loans from directors
55,953
56,506
A Bounce Back Loan was received in May 2020. The Government guarantees 100% of the loan are there were no fees or interest payable in the first 12 months. After the first 12 months, interest was capped at 2.5%. The balance of the loan is repayable within 5 years.
PB Tree and Vegetation Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,097
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
1 Ordinary A share of £1 each
1
1
1 Ordinary B share of £1 each
1
1
9
Transactions with related parties
Interest of £2,000 was charged by the directors for money advanced to the company.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).