Registered number
09384584
Tom Patrick Tree Services Limited
Filleted Accounts
31 January 2023
Tom Patrick Tree Services Limited
Registered number: 09384584
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 355,078 335,699
Current assets
Debtors 5 33,363 12,339
Cash at bank and in hand 119,620 157,135
152,983 169,474
Creditors: amounts falling due within one year 6 (22,112) (31,157)
Net current assets 130,871 138,317
Total assets less current liabilities 485,949 474,016
Creditors: amounts falling due after more than one year 7 (162,225) (187,038)
Net assets 323,724 286,978
Capital and reserves
Called up share capital 1 1
Profit and loss account 323,723 286,977
Shareholder's funds 323,724 286,978
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Patrick
Director
Approved by the board on 23 October 2023
Tom Patrick Tree Services Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Grants
Grant income has been accounted for in line with IAS 20 . The grant received was in relation to a fixed asset purchased for use in the business. An amount has been recognised as deferred income in the statement of financial position equal to the total amount of grant received and will be released to the statement of profit and loss over the estimated useful life of the asset of 10 years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 464,647 106,655 571,302
Additions 75,282 - 75,282
Disposals (1,960) - (1,960)
At 31 January 2023 537,969 106,655 644,624
Depreciation
At 1 February 2022 172,704 62,899 235,603
Charge for the year 48,601 6,563 55,164
On disposals (1,221) - (1,221)
At 31 January 2023 220,084 69,462 289,546
Net book value
At 31 January 2023 317,885 37,193 355,078
At 31 January 2022 291,943 43,756 335,699
5 Debtors 2023 2022
£ £
Trade debtors 28,331 12,339
Other debtors 5,032 -
33,363 12,339
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 754 435
Obligations under finance lease and hire purchase contracts 2,100 8,849
Trade creditors 6,728 7,364
Corporation tax 3,338 4,525
Other taxes and social security costs 152 1,444
Directors loan account 3,679 3,082
Deferred income from grant 4,713 4,713
Other creditors 648 745
22,112 31,157
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 2,100
Capital introduced-Directors loan account 138,662 156,662
Deferred income from grant 23,563 28,276
162,225 187,038
8 Other information
Tom Patrick Tree Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Dinton Mill Cottage
Hindon Road
Dinton
Wiltshire
SP3 5EQ
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