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Registration number: 03751722

The Tree Company (London) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

The Tree Company (London) Limited

Contents

Company Information

1

Balance sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Tree Company (London) Limited

Company Information

Director

W Malin

Company secretary

D Malin

Registered office

79A High Street
Teddington
Middlesex
TW11 8HG

Accountants

Shaw Gibbs Limited
79a High Street
Teddington
Middlesex
TW11 8HG

 

The Tree Company (London) Limited

(Registration number: 03751722)
Balance sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible fixed assets

4

29,882

85,077

Current assets

 

Stock

5

5,000

4,000

Debtors

6

235,448

170,642

Cash at bank and in hand

 

156,269

215,285

 

396,717

389,927

Creditors: Amounts falling due within one year

7

(227,733)

(217,552)

Net current assets

 

168,984

172,375

Total assets less current liabilities

 

198,866

257,452

Creditors: Amounts falling due after more than one year

7

(833)

(14,679)

Provisions for liabilities

(6,432)

(20,164)

Net assets

 

191,601

222,609

Equity

 

Called up share capital

8

400

400

Share premium reserve

4,960

4,960

Retained earnings

186,241

217,249

Shareholders' funds

 

191,601

222,609

For the financial year ending 30 April 2024 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.

 

The Tree Company (London) Limited

(Registration number: 03751722)
Balance sheet as at 30 April 2024 (continued)

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 and in accordance with the provisions of FRS 102 Section 1A - small entities.

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.

The financial statements of The Tree Company (London) Limited were approved and authorised for issue by the director on 16 July 2024
 

.........................................

W Malin
Director

 

The Tree Company (London) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

1

General information

The Tree Company (London) Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

The principal place of business is:
Willow Works
Unit 9 Inwood Business Park
Hounslow
Middlesex
TW3 2EB

2

Accounting policies

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and in accordance with the Companies Act 2006.

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.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

 

The Tree Company (London) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

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 net of value added tax.

The Company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

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

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

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

Motor vehicles

25% per annum on cost

Office equipment and fixtures

25% per annum on cost

Tree machinery

25% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and held at bank.

Trade debtors

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of receivables is established when there is objective evidence that the company will not be
able to collect all amounts due according to the original terms of the receivables.

 

The Tree Company (London) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Stock

Stocks are valued at the lower of cost and estimated net realisable value. Cost of raw materials is determined on the first in first out basis. Net realisable value is the price at which the stock can be released in the normal course of business, less further cost to completion of sale.

Trade creditors

Payables are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Assets acquired under hire purchase agreements and finance leases are capitalised in the balance sheet and are depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account evenly over the term of each agreement.

Rentals under funder operating leases are charged to the profit and loss account as they fall due.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

The Tree Company (London) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

The company operates a group personal defined contribution pension scheme. Contributions are charged to the profit and loss account as and when they fall due for payment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2023 - 19).

4

Tangible fixed assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible fixed assets
£

Total
£

Cost or valuation

At 1 May 2023

9,425

8,786

276,508

380,759

675,478

Additions

-

1,008

-

555

1,563

At 30 April 2024

9,425

9,794

276,508

381,314

677,041

Depreciation

At 1 May 2023

9,425

8,786

231,767

340,423

590,401

Charge for the year

-

189

28,844

27,725

56,758

At 30 April 2024

9,425

8,975

260,611

368,148

647,159

Carrying amount

At 30 April 2024

-

819

15,897

13,166

29,882

At 30 April 2023

-

-

44,741

40,336

85,077

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
 

 

The Tree Company (London) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024 (continued)

5

Stock

2024
£

2023
£

Finished goods and goods for resale

5,000

4,000

6

Debtors

2024
£

2023
£

Trade receivables

182,777

112,388

Prepayments

33,071

31,554

Accrued income

19,600

26,700

235,448

170,642

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

13,846

19,230

Trade payables

 

45,170

34,567

Social security and other taxes

 

84,209

69,866

Other payables

 

30,337

31,991

Accruals

 

25,442

34,547

Income tax liability

28,729

27,351

 

227,733

217,552

Due after one year

 

Loans and borrowings

833

14,679

8

Share capital and reserves

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

400

400

400

400