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Registered number: SC705817
Jl Tree Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Almond Valley Accounting Limited
CIMA
14 Ellismuir House Ellismuir Way
Tannochside
G71 5PW
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Jack Lynch
Company Number SC705817
Registered Office 14 Ellismuir House Ellismuir Way
Tannochside
G71 5PW
Accountants Almond Valley Accounting Limited
CIMA
14 Ellismuir House Ellismuir Way
Tannochside
G71 5PW
Page 1
Page 2
Balance Sheet
Registered number: SC705817
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,004 12,576
Tangible Assets 5 12,526 9,236
23,530 21,812
CURRENT ASSETS
Debtors 6 2,857 1,441
Cash at bank and in hand 18,367 11,023
21,224 12,464
Creditors: Amounts Falling Due Within One Year 7 (19,226 ) (28,302 )
NET CURRENT ASSETS (LIABILITIES) 1,998 (15,838 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,528 5,974
Creditors: Amounts Falling Due After More Than One Year 8 (2,536 ) (2,712 )
NET ASSETS 22,992 3,262
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 22,872 3,142
SHAREHOLDERS' FUNDS 22,992 3,262
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jack Lynch
Director
26/07/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Jl Tree Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC705817 . The registered office is 14 Ellismuir House Ellismuir Way, Tannochside, G71 5PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 15,720
As at 31 March 2024 15,720
Amortisation
As at 1 April 2023 3,144
Provided during the period 1,572
As at 31 March 2024 4,716
Net Book Value
As at 31 March 2024 11,004
As at 1 April 2023 12,576
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 532 17,940 18,472
Additions 10,240 - 10,240
As at 31 March 2024 10,772 17,940 28,712
Depreciation
As at 1 April 2023 266 8,970 9,236
Provided during the period 2,465 4,485 6,950
As at 31 March 2024 2,731 13,455 16,186
Net Book Value
As at 31 March 2024 8,041 4,485 12,526
As at 1 April 2023 266 8,970 9,236
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 2,511 1,228
Other taxes and social security 346 213
2,857 1,441
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7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,536 8,066
Trade creditors 1 -
Corporation tax 3,395 -
Accruals and deferred income 840 840
Director's loan account 10,454 19,396
19,226 28,302
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,536 2,712
9. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,536 8,066
Later than one year and not later than five years 2,536 2,712
7,072 10,778
7,072 10,778
10. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 120 120
11. Related Party Transactions
At 31 August 2022 the director had a credit balance on his directors loan account.This is effectively an interest free loan from the director whcih he could ask the company to repay at any time.
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