Company Registration No. 06576444 (England and Wales)
FOUR SEASONS TREE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
FOUR SEASONS TREE SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr O P Vernon
Mrs C Vernon
(Appointed 1 April 2022)
Secretary
Mrs C Vernon
Company number
06576444
Registered office
21 Bampton Street
Tiverton
Devon
EX16 6AA
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
Business address
Great Bradley Cottage
Withleigh
Tiverton
Devon
EX16 8JL
FOUR SEASONS TREE SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FOUR SEASONS TREE SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
413,847
350,640
Current assets
Stocks
268,871
191,854
Debtors
4
40,240
53,340
Cash at bank and in hand
1
8,880
309,112
254,074
Creditors: amounts falling due within one year
5
(285,947)
(212,088)
Net current assets
23,165
41,986
Total assets less current liabilities
437,012
392,626
Creditors: amounts falling due after more than one year
6
(171,315)
(169,155)
Provisions for liabilities
(72,716)
(59,535)
Net assets
192,981
163,936
Capital and reserves
Called up share capital
7
10
9
Profit and loss reserves
192,971
163,927
Total equity
192,981
163,936
FOUR SEASONS TREE SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 8 November 2023 and are signed on its behalf by:
Mr O P Vernon
Director
Company Registration No. 06576444
FOUR SEASONS TREE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Four Seasons Tree Services Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Going concern

Following the global impact of 'Covid-19', at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Leasehold improvements
10% Straight line
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Computer equipment
3 Years Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

FOUR SEASONS TREE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.7
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

 

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account on a straight line basis over the life of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2022 - 1).

FOUR SEASONS TREE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
3
Tangible fixed assets
Land and buildings Leasehold
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 April 2022
-
0
54,812
512,724
6,285
2,227
116,223
692,271
Additions
7,775
-
0
157,124
-
0
2,564
29,740
197,203
Disposals
-
0
-
0
(10,500)
-
0
-
0
-
0
(10,500)
At 31 March 2023
7,775
54,812
659,348
6,285
4,791
145,963
878,974
Depreciation and impairment
At 1 April 2022
-
0
14,133
248,694
3,068
1,276
74,459
341,630
Depreciation charged in the year
-
0
6,259
104,458
483
1,598
17,876
130,674
Eliminated in respect of disposals
-
0
-
0
(7,177)
-
0
-
0
-
0
(7,177)
At 31 March 2023
-
0
20,392
345,975
3,551
2,874
92,335
465,127
Carrying amount
At 31 March 2023
7,775
34,420
313,373
2,734
1,917
53,628
413,847
At 31 March 2022
-
0
40,679
264,028
3,217
951
41,765
350,640
FOUR SEASONS TREE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
33,895
40,447
Other debtors
6,345
12,893
40,240
53,340
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
12,234
9,436
Obligations under finance leases
75,251
54,033
Trade creditors
13,921
32,683
Other taxation and social security
10,984
3,781
Other creditors
171,557
110,355
Accruals and deferred income
2,000
1,800
285,947
212,088
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,636
32,597
Obligations under finance leases
148,679
136,558
171,315
169,155
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
10 Ordinary shares of £1 each
10
9
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