Registered number
14527695
BREARB TREE SERVICES LTD
Filleted Accounts
30 September 2023
BREARB TREE SERVICES LTD
Registered number: 14527695
Balance Sheet
as at 30 September 2023
Notes 2023
£
Fixed assets
Tangible assets 3 41,369
Current assets
Stocks 5,275
Debtors 4 6,116
Cash at bank and in hand 13,485
24,876
Creditors: amounts falling due within one year 5 (36,807)
Net current liabilities (11,931)
Total assets less current liabilities 29,438
Provisions for liabilities (7,860)
Net assets 21,578
Capital and reserves
Called up share capital 1
Profit and loss account 21,577
Shareholders' funds 21,578
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.
M B Brear
Director
Approved by the board on 1 November 2023
BREARB TREE SERVICES LTD
Notes to the Accounts
for the period from 7 December 2022 to 30 September 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:
Fixtures, fittings, tools and equipment 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 50,916
At 30 September 2023 50,916
Depreciation
Charge for the period 9,547
At 30 September 2023 9,547
Net book value
At 30 September 2023 41,369
4 Debtors 2023
£
Trade debtors 5,846
Prepayments 270
6,116
5 Creditors: amounts falling due within one year 2023
£
Director's current account 22,373
Obligations under finance lease and hire purchase contracts 23,006
Trade creditors 1,551
Taxation and social security costs (11,186)
Accruals 1,063
36,807
6 Other information
BREARB TREE SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 Brierfield
New Longton
Preston
PR4 4BE
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