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REGISTERED NUMBER: 07938683 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

ONE TREE SOFTWARE LIMITED

ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ONE TREE SOFTWARE LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: P J P Callan
L G Callan





REGISTERED OFFICE: Long Barn
Priston
Bath
BA2 9EE





REGISTERED NUMBER: 07938683 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
One Tree Software Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of One Tree Software Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of One Tree Software Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of One Tree Software Limited and state those matters that we have agreed to state to the Board of Directors of One Tree Software Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Tree Software Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that One Tree Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of One Tree Software Limited. You consider that One Tree Software Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of One Tree Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


13 August 2024

ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,183 4,035

CURRENT ASSETS
Stocks 2,924 4,723
Debtors 5 37,476 33,301
Cash at bank 89,229 101,008
129,629 139,032
CREDITORS
Amounts falling due within one year 6 48,642 31,353
NET CURRENT ASSETS 80,987 107,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,170

111,714

CREDITORS
Amounts falling due after more than one
year

7

(10,000

)

(18,000

)

PROVISIONS FOR LIABILITIES 8 (934 ) (767 )
NET ASSETS 74,236 92,947

CAPITAL AND RESERVES
Called up share capital 9 100 44,100
Retained earnings 74,136 48,847
SHAREHOLDERS' FUNDS 74,236 92,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





P J P Callan - Director


ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

One Tree Software 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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised when services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Financial assets that are measured at cost and amortised cost are assessed 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 the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the assets if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 890 3,423 59,959 64,272
Additions - - 1,920 1,920
At 29 February 2024 890 3,423 61,879 66,192
DEPRECIATION
At 1 March 2023 890 2,515 56,832 60,237
Charge for year - 227 1,545 1,772
At 29 February 2024 890 2,742 58,377 62,009
NET BOOK VALUE
At 29 February 2024 - 681 3,502 4,183
At 28 February 2023 - 908 3,127 4,035

ONE TREE SOFTWARE LIMITED (REGISTERED NUMBER: 07938683)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,253 20,059
Other debtors 11,223 13,242
37,476 33,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 2,689 3,938
Taxation and social security 35,014 16,824
Other creditors 2,939 2,591
48,642 31,353

Included within bank loans and overdrafts due in less than one year is a £8,000 bounce back loan (2023: £8,000) secured by Barclays and in part by the HM Government Guarantee.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 18,000

Included within bank loans and overdrafts due in less than one year is a £10,000 bounce back loan (2023: £18,000) secured by Barclays and in part by the HM Government Guarantee.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 934 767

Deferred
tax
£   
Balance at 1 March 2023 767
Capital allowances
Movement 167
Balance at 29 February 2024 934

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 44,100

During the year the share capital of the company has reduced from £44,100 to £100 by returning paid up capital to the extent of £1 per share on each of the £44,000 Ordinary shares.