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REGISTERED NUMBER: 04747227 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2023

for

Maurice Fitch Treeworks Limited

Maurice Fitch Treeworks Limited (Registered number: 04747227)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maurice Fitch Treeworks Limited

Company Information
For The Year Ended 31 December 2023







DIRECTOR: Mr M Fitch





SECRETARY: Mr G R Gould





REGISTERED OFFICE: The Cottages
27 Station Road
West Haddon
Northampton
NORTHAMPTONSHIRE
NN6 7AU





REGISTERED NUMBER: 04747227 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Maurice Fitch Treeworks Limited (Registered number: 04747227)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,949 144,034

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 5,669 4,827
Cash at bank 20,399 63,044
27,068 68,871
CREDITORS
Amounts falling due within one year 6 47,074 40,523
NET CURRENT (LIABILITIES)/ASSETS (20,006 ) 28,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,943

172,382

CREDITORS
Amounts falling due after more than one year 7 (58,679 ) (85,339 )

PROVISIONS FOR LIABILITIES (21,650 ) (26,385 )
NET ASSETS 13,614 60,658

Maurice Fitch Treeworks Limited (Registered number: 04747227)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 13,594 60,638
13,614 60,658

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr M Fitch - Director


Maurice Fitch Treeworks Limited (Registered number: 04747227)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Maurice Fitch Treeworks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

Financial assets are measured at cost andsed costs are measured at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Maurice Fitch Treeworks Limited (Registered number: 04747227)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

Maurice Fitch Treeworks Limited (Registered number: 04747227)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 227,580 115,791 343,371
Additions 112 - 112
At 31 December 2023 227,692 115,791 343,483
DEPRECIATION
At 1 January 2023 147,464 51,873 199,337
Charge for year 17,413 12,784 30,197
At 31 December 2023 164,877 64,657 229,534
NET BOOK VALUE
At 31 December 2023 62,815 51,134 113,949
At 31 December 2022 80,116 63,918 144,034

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 72,000 48,850 120,850
DEPRECIATION
At 1 January 2023 19,125 1,018 20,143
Charge for year 10,575 9,566 20,141
At 31 December 2023 29,700 10,584 40,284
NET BOOK VALUE
At 31 December 2023 42,300 38,266 80,566
At 31 December 2022 52,875 47,832 100,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,319 2,139
Other debtors 350 2,688
5,669 4,827

Maurice Fitch Treeworks Limited (Registered number: 04747227)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,612 10,000
Hire purchase contracts 19,336 21,237
Payments on account - 507
Trade creditors 2,701 1,398
Taxation and social security 11,249 824
Other creditors 4,176 6,557
47,074 40,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,121 24,346
Hire purchase contracts 43,558 60,993
58,679 85,339