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Registration number: 04485689

ARB ( Tree Care Specialists ) Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

 

ARB ( Tree Care Specialists ) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

ARB ( Tree Care Specialists ) Limited

(Registration number: 04485689)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

531,809

461,087

Current assets

 

Stocks

5

5,550

8,025

Debtors

6

118,956

95,411

Cash at bank and in hand

 

122,442

74,474

 

246,948

177,910

Creditors: Amounts falling due within one year

7

(219,894)

(258,842)

Net current assets/(liabilities)

 

27,054

(80,932)

Total assets less current liabilities

 

558,863

380,155

Creditors: Amounts falling due after more than one year

7

(188,374)

(181,980)

Provisions for liabilities

(101,044)

(87,606)

Net assets

 

269,445

110,569

Capital and reserves

 

Called up share capital

1

1

Retained earnings

269,444

110,568

Shareholders' funds

 

269,445

110,569

 

ARB ( Tree Care Specialists ) Limited

(Registration number: 04485689)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2024
 

.........................................
Mr A R Bethell
Director

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Arbour Tree Farm The Green
Cheadle
Stoke-On-Trent
ST10 1XS
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Office equipment

33% straight line

Motor vehicles

20% reducing balance

Plant and machinery

5% reducing balance

The depreciation rate in respect of Plant and Machinery has been changed from 25% reducing balance to 5% reducing balance and Motor Vehicles has been changed form 25% reducing balance to 20% reducing balance to more accurately represent the expected useful life of the assets.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2022 - 8).

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2022

51,598

3,048

79,890

565,385

699,921

Additions

-

-

34,595

72,617

107,212

At 31 July 2023

51,598

3,048

114,485

638,002

807,133

Depreciation

At 1 August 2022

26,500

2,010

47,322

163,002

238,834

Charge for the year

5,021

1,038

8,028

22,403

36,490

At 31 July 2023

31,521

3,048

55,350

185,405

275,324

Carrying amount

At 31 July 2023

20,077

-

59,135

452,597

531,809

At 31 July 2022

25,098

1,038

32,568

402,383

461,087

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Stocks

2023
£

2022
£

Other inventories

5,550

8,025

6

Debtors

Current

2023
£

2022
£

Trade debtors

69,081

85,577

Other debtors

49,875

9,834

 

118,956

95,411

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

76,067

64,587

Trade creditors

 

15,450

37,414

Other creditors

 

128,377

156,841

 

219,894

258,842

 

ARB ( Tree Care Specialists ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,075

13,680

HP and finance lease liabilities

66,437

45,352

Other borrowings

5,555

5,555

76,067

64,587

Included in HP and finance lease liabilities are amounts owed under hire purchase. These hire purchase are secured by the assets themselves.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

188,374

181,980

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

1,464

Other borrowings

32,408

37,964

Hire purchase contracts

155,966

142,552

188,374

181,980

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,075

13,680

Hire purchase contracts

66,437

45,352

Other borrowings

5,555

5,555

76,067

64,587