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Registered Number: SC403906
Scotland

 

 

 

YIELDSHIELDS TREE SURGEONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Directors Denise Boyle
Denise Boyle
Registered Number SC403906
Registered Office Middlehope Farm
Carluke
ML8 4QY
Accountants Turner Accountancy Limited
101 Park Street

Motherwell
ML1 1PF
1
Director's report and financial statements
Yieldshields Tree Surgeons LtdThe directors present their annual report and the financial statements for the year ended 31 July 2023.
Principal activities
Principal activity of the company during the financial year was of tree surgeon.
Directors
The directors who served the company throughout the year were as follows:
Denise Boyle
Denise Boyle
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Denise Boyle
Director

Date approved: 31 July 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Turner Accountancy Limited
31 July 2023



....................................................
Turner Accountancy Limited
101 Park Street

Motherwell
ML1 1PF
31 July 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 11,875    15,095 
11,875    15,095 
Current assets      
Debtors 4   1,783 
Cash at bank and in hand 199    52 
199    1,835 
Creditors: amount falling due within one year 5 (16,295)   (14,636)
Net current assets (16,096)   (12,801)
 
Total assets less current liabilities (4,221)   2,294 
Provisions for liabilities 6 (2,256)   (2,187)
Net assets (6,477)   107 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (6,577)   688 
Shareholders' funds (6,477)   788 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 July 2024 and were signed on its behalf by:


-------------------------------
Denise Boyle
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2021 100  7,107  7,207 
Profit for the year 4,781  4,781 
Total comprehensive income for the year 4,781  4,781 
Dividends (11,200) (11,200)
Total investments by and distributions to owners (11,200) (11,200)
At 31 July 2022 100  688  788 
At 01 August 2022 100  688  788 
Profit for the year (7,265) (7,265)
Total comprehensive income for the year (7,265) (7,265)
Total investments by and distributions to owners
At 31 July 2023 100  (6,577) (6,477)
5
General Information
Yieldshields Tree Surgeons Ltd is a private company, limited by shares, registered in Scotland, registration number SC403906, registration address Middlehope Farm, Carluke, ML8 4QY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 Reducing Balance
Fixtures and Fittings 15 Reducing Balance
Plant and Machinery 20 Reducing Balance
Motor Vehicles 25 Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 August 2022 13,489    12,900    8,463    1,981    36,833 
Additions        
Disposals        
At 31 July 2023 13,489    12,900    8,463    1,981    36,833 
Depreciation
At 01 August 2022 11,421    4,706    3,953    1,658    21,738 
Charge for year 414    2,049    676    81    3,220 
On disposals        
At 31 July 2023 11,835    6,755    4,629    1,739    24,958 
Net book values
Closing balance as at 31 July 2023 1,654    6,145    3,834    242    11,875 
Opening balance as at 01 August 2022 2,068    8,194    4,510    323    15,095 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Directors' Current Accounts   1,783 
  1,783 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 7,307    7,307 
Accrued Expenses 1,428    1,428 
Other Creditors 4,220    5,901 
Directors' Current Accounts 3,340   
16,295    14,636 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 2,256    2,187 
2,256    2,187 

6