Registered number
08135942
GINKGO TREE SURGERY LIMITED
Filleted Accounts
31 July 2023
GINKGO TREE SURGERY LIMITED
Registered number: 08135942
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,594 1,434
Current assets
Debtors 4 1,000 1,670
Cash at bank and in hand 53,743 41,685
54,743 43,355
Creditors: amounts falling due within one year 5 (25,534) (14,520)
Net current assets 29,209 28,835
Total assets less current liabilities 32,803 30,269
Creditors: amounts falling due after more than one year 6 (10,125) (14,625)
Provisions for liabilities (683) (272)
Net assets 21,995 15,372
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 20,995 14,372
Shareholder's funds 21,995 15,372
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 S Markham
Director
Approved by the board on 14 February 2024
GINKGO TREE SURGERY LIMITED
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:
Plant and machinery 3 years straight line
Motor vehicles 5 years straight line
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.
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 2022
Number Number
Average number of persons employed by the company 1 1
This includes the director
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 22,507 7,900 30,407
Additions 3,949 - 3,949
At 31 July 2023 26,456 7,900 34,356
Depreciation
At 1 August 2022 21,073 7,900 28,973
Charge for the year 1,789 - 1,789
At 31 July 2023 22,862 7,900 30,762
Net book value
At 31 July 2023 3,594 - 3,594
At 31 July 2022 1,434 - 1,434
4 Debtors 2023 2022
£ £
Trade debtors 1,000 1,670
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,500 4,500
Taxation and social security costs 7,008 7,132
Other creditors 14,026 2,888
25,534 14,520
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,125 14,625
7 Related party transactions
There is a balance owed to the director Mr S Markham at the year end of £13006 (2022 £1868) being the director's loan account.
8 Controlling party
The company is controlled by Mr S Markham the sole director.
9 Other information
GINKGO TREE SURGERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Nigel Way
Trimley St Martin
Felixstowe
Suffolk
IP11 0UR
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