Registered number
12158618
Joe Rice Tree Services Ltd
Filleted Accounts
31 July 2023
Joe Rice Tree Services Ltd
Registered number: 12158618
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 80,863 45,467
Current assets
Debtors 4 14,268 18,900
Cash at bank and in hand 9,167 15,154
23,435 34,054
Creditors: amounts falling due within one year 5 (37,782) (40,541)
Net current liabilities (14,347) (6,487)
Total assets less current liabilities 66,516 38,980
Creditors: amounts falling due after more than one year 6 (32,605) (10,187)
Net assets 33,911 28,793
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,811 28,693
Shareholders' funds 33,911 28,793
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Joe Rice
Director
Approved by the board on 16 November 2023
Joe Rice Tree Services Ltd
Notes to the Accounts
for the year ended 31 July 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 36,935 40,368 77,303
Additions 46,195 15,000 61,195
Disposals (3,500) (13,799) (17,299)
At 31 July 2023 79,630 41,569 121,199
Depreciation
At 1 August 2022 9,848 21,988 31,836
Charge for the year 10,613 4,895 15,508
On disposals (971) (6,037) (7,008)
At 31 July 2023 19,490 20,846 40,336
Net book value
At 31 July 2023 60,140 20,723 80,863
At 31 July 2022 27,087 18,380 45,467
4 Debtors 2023 2022
£ £
Other debtors 14,268 18,900
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 16,192 18,874
Directors Loan Account 20,490 20,617
Other creditors 1,100 1,050
37,782 40,541
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,545 10,187
Obligations under finance lease and hire purchase contracts 25,060 -
32,605 10,187
7 Other information
Joe Rice Tree Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 Beech Lane
West Hallam
Derbyshire
DE7 6GU
Joe Rice Tree Services Ltd 12158618 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 Joe Rice No description of principal activity 12158618 2021-08-01 2022-07-31 12158618 core:WithinOneYear 2022-07-31 12158618 core:AfterOneYear 2022-07-31 12158618 core:ShareCapital 2022-07-31 12158618 core:RetainedEarningsAccumulatedLosses 2022-07-31 12158618 2022-08-01 2023-07-31 12158618 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12158618 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12158618 bus:Director40 2022-08-01 2023-07-31 12158618 1 2022-08-01 2023-07-31 12158618 2 2022-08-01 2023-07-31 12158618 core:PlantMachinery 2022-08-01 2023-07-31 12158618 core:Vehicles 2022-08-01 2023-07-31 12158618 countries:England 2022-08-01 2023-07-31 12158618 bus:FRS102 2022-08-01 2023-07-31 12158618 bus:FullAccounts 2022-08-01 2023-07-31 12158618 2023-07-31 12158618 core:WithinOneYear 2023-07-31 12158618 core:AfterOneYear 2023-07-31 12158618 core:ShareCapital 2023-07-31 12158618 core:RetainedEarningsAccumulatedLosses 2023-07-31 12158618 core:PlantMachinery 2023-07-31 12158618 core:Vehicles 2023-07-31 12158618 2022-07-31 12158618 core:PlantMachinery 2022-07-31 12158618 core:Vehicles 2022-07-31 iso4217:GBP xbrli:pure