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COMPANY REGISTRATION NUMBER: 08238629
Tree Specific Limited
Filleted Unaudited Financial Statements
31 October 2023
Tree Specific Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
7,313
9,006
Current assets
Cash at bank and in hand
4,392
21,210
Creditors: amounts falling due within one year
6
8,162
23,012
-------
--------
Net current liabilities
3,770
1,802
-------
-------
Total assets less current liabilities
3,543
7,204
Creditors: amounts falling due after more than one year
7
1,583
2,583
-------
-------
Net assets
1,960
4,621
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,959
4,620
-------
-------
Shareholders funds
1,960
4,621
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tree Specific Limited
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 27 February 2024 , and are signed on behalf of the board by:
Mr S Owen
Director
Company registration number: 08238629
Tree Specific Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Huntsmans Way, Milton Ernest, Bedford, MK44 1SA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 November 2022
16,891
13,194
859
30,944
Additions
447
299
746
--------
--------
-------
--------
At 31 October 2023
17,338
13,194
1,158
31,690
--------
--------
-------
--------
Depreciation
At 1 November 2022
13,985
7,628
325
21,938
Charge for the year
744
1,392
303
2,439
--------
--------
-------
--------
At 31 October 2023
14,729
9,020
628
24,377
--------
--------
-------
--------
Carrying amount
At 31 October 2023
2,609
4,174
530
7,313
--------
--------
-------
--------
At 31 October 2022
2,906
5,566
534
9,006
--------
--------
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,000
1,000
Corporation tax
6,108
6,420
Other creditors
1,054
15,592
-------
--------
8,162
23,012
-------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,583
2,583
-------
-------