Registered number
08076169
R B Tree & Landscape Limited
Filleted Accounts
31 May 2023
R B Tree & Landscape Limited
Registered number: 08076169
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 304,830 335,114
Current assets
Stocks 5,711 672
Debtors 5 36,452 26,935
Cash at bank and in hand 2,630 56,304
44,793 83,911
Creditors: amounts falling due within one year 6 (90,410) (96,642)
Net current liabilities (45,617) (12,731)
Total assets less current liabilities 259,213 322,383
Creditors: amounts falling due after more than one year 7 (83,229) (123,737)
Provisions for liabilities (66,120) (71,912)
Net assets 109,864 126,734
Capital and reserves
Called up share capital 1 1
Profit and loss account 109,863 126,733
Shareholder's funds 109,864 126,734
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.
R Batson
Director
Approved by the board on 24 October 2023
R B Tree & Landscape Limited
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at the following rates:-
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Work in Progress
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 the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 10,000
At 31 May 2023 10,000
Amortisation
At 1 June 2022 10,000
At 31 May 2023 10,000
Net book value
At 31 May 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 509,170 160,373 669,543
Additions 27,994 - 27,994
At 31 May 2023 537,164 160,373 697,537
Depreciation
At 1 June 2022 232,792 101,637 334,429
Charge for the year 43,594 14,684 58,278
At 31 May 2023 276,386 116,321 392,707
Net book value
At 31 May 2023 260,778 44,052 304,830
At 31 May 2022 276,378 58,736 335,114
5 Debtors 2023 2022
£ £
Trade debtors 24,669 10,584
Other debtors 11,783 16,351
36,452 26,935
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 14,770 10,000
Obligations under finance lease and hire purchase contracts 30,508 59,000
Trade creditors 28,058 14,256
Corporation tax 6,855 -
Other taxes and social security costs 9,875 12,926
Other creditors 344 460
90,410 96,642
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,000 30,000
Obligations under finance lease and hire purchase contracts 63,229 93,737
83,229 123,737
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R Batson
Directors loan account 460 (33,616) 33,500 344
460 (33,616) 33,500 344
9 Controlling party
The company is controlled by its director.
10 Other information
R B Tree & Landscape Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
R B Tree & Landscape Limited 08076169 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 R Batson No description of principal activity 08076169 2021-06-01 2022-05-31 08076169 core:WithinOneYear 2022-05-31 08076169 core:AfterOneYear 2022-05-31 08076169 core:ShareCapital 2022-05-31 08076169 core:RetainedEarningsAccumulatedLosses 2022-05-31 08076169 2022-06-01 2023-05-31 08076169 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08076169 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08076169 bus:Director40 2022-06-01 2023-05-31 08076169 1 2022-06-01 2023-05-31 08076169 2 2022-06-01 2023-05-31 08076169 core:PlantMachinery 2022-06-01 2023-05-31 08076169 core:Vehicles 2022-06-01 2023-05-31 08076169 bus:Director1 2022-06-01 2023-05-31 08076169 bus:Director1 1 2022-06-01 2023-05-31 08076169 countries:England 2022-06-01 2023-05-31 08076169 bus:FRS102 2022-06-01 2023-05-31 08076169 bus:FullAccounts 2022-06-01 2023-05-31 08076169 2023-05-31 08076169 core:WithinOneYear 2023-05-31 08076169 core:AfterOneYear 2023-05-31 08076169 core:ShareCapital 2023-05-31 08076169 core:RetainedEarningsAccumulatedLosses 2023-05-31 08076169 core:Goodwill 2023-05-31 08076169 core:PlantMachinery 2023-05-31 08076169 core:Vehicles 2023-05-31 08076169 bus:Director1 1 2023-05-31 08076169 2022-05-31 08076169 core:Goodwill 2022-05-31 08076169 core:PlantMachinery 2022-05-31 08076169 core:Vehicles 2022-05-31 08076169 bus:Director1 1 2022-05-31 iso4217:GBP xbrli:pure