IRIS Accounts Production v23.4.0.336 04624739 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046247392022-08-31046247392023-08-31046247392022-09-012023-08-31046247392021-08-31046247392021-09-012022-08-31046247392022-08-3104624739ns15:EnglandWales2022-09-012023-08-3104624739ns14:PoundSterling2022-09-012023-08-3104624739ns10:Director12022-09-012023-08-3104624739ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3104624739ns10:SmallEntities2022-09-012023-08-3104624739ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3104624739ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3104624739ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3104624739ns10:FullAccounts2022-09-012023-08-310462473912022-09-012023-08-3104624739ns10:Director22022-09-012023-08-3104624739ns10:CompanySecretary12022-09-012023-08-3104624739ns10:RegisteredOffice2022-09-012023-08-3104624739ns5:CurrentFinancialInstruments2023-08-3104624739ns5:CurrentFinancialInstruments2022-08-3104624739ns5:Non-currentFinancialInstruments2023-08-3104624739ns5:Non-currentFinancialInstruments2022-08-3104624739ns5:ShareCapital2023-08-3104624739ns5:ShareCapital2022-08-3104624739ns5:RetainedEarningsAccumulatedLosses2023-08-3104624739ns5:RetainedEarningsAccumulatedLosses2022-08-3104624739ns5:NetGoodwill2022-09-012023-08-3104624739ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3104624739ns5:PlantMachinery2022-09-012023-08-3104624739ns5:NetGoodwill2022-08-3104624739ns5:NetGoodwill2023-08-3104624739ns5:NetGoodwill2022-08-3104624739ns5:PlantMachinery2022-08-3104624739ns5:MotorVehicles2022-08-3104624739ns5:ComputerEquipment2022-08-3104624739ns5:MotorVehicles2022-09-012023-08-3104624739ns5:ComputerEquipment2022-09-012023-08-3104624739ns5:PlantMachinery2023-08-3104624739ns5:MotorVehicles2023-08-3104624739ns5:ComputerEquipment2023-08-3104624739ns5:PlantMachinery2022-08-3104624739ns5:MotorVehicles2022-08-3104624739ns5:ComputerEquipment2022-08-3104624739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3104624739ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3104624739ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3104624739ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-3104624739ns5:WithinOneYear2023-08-3104624739ns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 04624739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

B & W TREES LTD

B & W TREES LTD (REGISTERED NUMBER: 04624739)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & W TREES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: R A E Bacon
R J Wheldon





SECRETARY: R J Wheldon





REGISTERED OFFICE: 89 Thearne Lane
Woodmansey
Beverley
East Yorkshire
HU17 0SA





REGISTERED NUMBER: 04624739 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

B & W TREES LTD (REGISTERED NUMBER: 04624739)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,250
Tangible assets 5 23,731 29,690
23,731 30,940

CURRENT ASSETS
Stocks 73,526 75,562
Debtors 6 79,996 53,479
Cash at bank 85,505 99,421
239,027 228,462
CREDITORS
Amounts falling due within one year 7 71,107 44,395
NET CURRENT ASSETS 167,920 184,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,651

215,007

CREDITORS
Amounts falling due after more than one year 8 (38,969 ) (44,135 )

PROVISIONS FOR LIABILITIES (4,351 ) (5,448 )
NET ASSETS 148,331 165,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,231 165,324
SHAREHOLDERS' FUNDS 148,331 165,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B & W TREES LTD (REGISTERED NUMBER: 04624739)

BALANCE SHEET - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2023 and were signed on its behalf by:





R A E Bacon - Director


B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

B & W Tree Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at 89 Thearne Lane, Woodmansey, Beverley, East Yorkshire.

The principal activity of the company is that of market gardening.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 60,000
AMORTISATION
At 1 September 2022 58,750
Charge for year 1,250
At 31 August 2023 60,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,250

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 207,019 10,500 511 218,030
Additions 4,965 - - 4,965
At 31 August 2023 211,984 10,500 511 222,995
DEPRECIATION
At 1 September 2022 177,436 10,500 404 188,340
Charge for year 10,889 - 35 10,924
At 31 August 2023 188,325 10,500 439 199,264
NET BOOK VALUE
At 31 August 2023 23,659 - 72 23,731
At 31 August 2022 29,583 - 107 29,690

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,256 31,923
Amounts owed by group undertakings 17,622 17,089
Prepayments and accrued income 5,118 4,467
79,996 53,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,089 18,557
Corporation tax 9,601 7,560
Social security and other taxes 1,191 (150 )
Wages control 652 -
VAT 20,563 5,428
Directors' current accounts 11,196 10,235
Accruals and deferred income 2,815 2,765
71,107 44,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 38,969 44,135

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 38,969 44,135

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,445 11,445

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed its director Mr R A E Bacon £111,196 (2022: £10,235). The loan is free from interest and repayable on demand.