Registered number
12606184
W. Collins Tree Care Commercial Limited
Filleted Accounts
31 May 2023
W. Collins Tree Care Commercial Limited
Registered number: 12606184
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 84,035 41,805
Current assets
Debtors 4 - 8,536
Cash at bank and in hand 43,363 19,174
43,363 27,710
Creditors: amounts falling due within one year 5 (60,429) (23,631)
Net current (liabilities)/assets (17,066) 4,079
Net assets 66,969 45,884
Capital and reserves
Called up share capital 100 100
Profit and loss account 66,869 45,784
Shareholder's funds 66,969 45,884
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.
W J Collins
Director
Approved by the board on 31 July 2023
W. Collins Tree Care Commercial 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. 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 over 4 years
Motor vehicles over 4 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 June 2022 43,532 16,667 60,199
Additions 36,467 39,900 76,367
At 31 May 2023 79,999 56,567 136,566
Depreciation
At 1 June 2022 14,227 4,167 18,394
Charge for the year 19,997 14,140 34,137
At 31 May 2023 34,224 18,307 52,531
Net book value
At 31 May 2023 45,775 38,260 84,035
At 31 May 2022 29,305 12,500 41,805
4 Debtors 2023 2022
£ £
Other debtors - 8,536
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 45,788 6,125
Taxation and social security costs 10,276 8,436
Directors loan account 2,365 7,570
Other creditors 2,000 1,500
60,429 23,631
6 Controlling party
The company is controlled by the director.
7 Other information
W. Collins Tree Care Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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