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REGISTERED NUMBER: 08346635 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Tee Tree Group Limited

Tee Tree Group Limited (Registered number: 08346635)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tee Tree Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A M Fraser
C D Wilde





REGISTERED OFFICE: Unit 9 Wessex Road
Bourne End
Buckinghamshire
SL8 5DT





REGISTERED NUMBER: 08346635 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Tee Tree Group Limited (Registered number: 08346635)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 5,963 9,201
Property, plant and equipment 6 43,841 44,103
49,804 53,304

CURRENT ASSETS
Inventories 123,573 126,419
Debtors 7 109,981 106,550
Cash at bank and in hand 9,235 73,249
242,789 306,218
CREDITORS
Amounts falling due within one year 8 (235,802 ) (260,500 )
NET CURRENT ASSETS 6,987 45,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,791

99,022

CREDITORS
Amounts falling due after more than one
year

9

(34,663

)

(58,508

)
NET ASSETS 22,128 40,514

CAPITAL AND RESERVES
Called up share capital 85 85
Capital redemption reserve 15 15
Retained earnings 22,028 40,414
22,128 40,514

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 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.

Tee Tree Group Limited (Registered number: 08346635)

Statement of Financial Position - continued
31 December 2023


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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





A M Fraser - Director


Tee Tree Group Limited (Registered number: 08346635)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tee Tree Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Website
The website is being amortised at a rate of 15% on cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Office equipment - 15% on cost

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

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 statement of financial position date.


Tee Tree Group Limited (Registered number: 08346635)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Website
Goodwill costs Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 147,060 417,637 564,697
Amortisation
At 1 January 2023 147,060 408,436 555,496
Amortisation for year - 3,238 3,238
At 31 December 2023 147,060 411,674 558,734
Net book value
At 31 December 2023 - 5,963 5,963
At 31 December 2022 - 9,201 9,201

Tee Tree Group Limited (Registered number: 08346635)

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

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 90,438 120,003 24,254 10,542 245,237
Additions - 15,500 - 4,850 20,350
At 31 December 2023 90,438 135,503 24,254 15,392 265,587
Depreciation
At 1 January 2023 80,121 95,363 20,920 4,730 201,134
Charge for year 3,889 12,870 1,179 2,674 20,612
At 31 December 2023 84,010 108,233 22,099 7,404 221,746
Net book value
At 31 December 2023 6,428 27,270 2,155 7,988 43,841
At 31 December 2022 10,317 24,640 3,334 5,812 44,103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 24,011 37,818
Amounts owed by group undertakings 82,456 64,025
Other debtors 3,514 4,707
109,981 106,550

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 66,304 24,210
Trade creditors 80,088 89,276
Taxation and social security 30,600 43,744
Other creditors 58,810 103,270
235,802 260,500

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 34,663 58,508

Tee Tree Group Limited (Registered number: 08346635)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 43,333 52,000
Between one and five years - 43,333
43,333 95,333

11. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 58,873 82,718

HSBC has a fixed and floating charge over all assets.