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REGISTERED NUMBER: SC333763 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Treegreen Limited

Treegreen Limited (Registered number: SC333763)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Treegreen Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: B O'Reilly
G R Fleming
M Bonner





REGISTERED OFFICE: Challenge House
29 Canal Street
Glasgow
G4 0AD





REGISTERED NUMBER: SC333763 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER

Treegreen Limited (Registered number: SC333763)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,325 53,328

CURRENT ASSETS
Stocks 166,833 136,559
Debtors 5 371,148 442,522
Cash at bank and in hand 11,761 29,532
549,742 608,613
CREDITORS
Amounts falling due within one year 6 369,938 404,874
NET CURRENT ASSETS 179,804 203,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,129

257,067

CREDITORS
Amounts falling due after more than one
year

7

(62,978

)

(39,927

)

PROVISIONS FOR LIABILITIES (20,630 ) (9,959 )
NET ASSETS 205,521 207,181

CAPITAL AND RESERVES
Called up share capital 206 206
Share premium 123,901 123,901
Retained earnings 81,414 83,074
SHAREHOLDERS' FUNDS 205,521 207,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Treegreen Limited (Registered number: SC333763)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





B O'Reilly - Director


Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Treegreen Limited is a private company, limited by shares , registered in Scotland. 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of consumer electronics supplied during the period, exclusive of Value Added Tax. The company recognises revenue when it has the right to receive it.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments
The company only has basic financial assets and 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.

Taxation
Taxation for the year comprises current and deferred tax.

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.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 132,432
Additions 95,250
At 30 November 2023 227,682
DEPRECIATION
At 1 December 2022 79,104
Charge for year 39,253
At 30 November 2023 118,357
NET BOOK VALUE
At 30 November 2023 109,325
At 30 November 2022 53,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 72,015
Additions 59,619
Transfer to ownership (39,690 )
At 30 November 2023 91,944
DEPRECIATION
At 1 December 2022 43,522
Charge for year 18,314
Transfer to ownership (24,834 )
At 30 November 2023 37,002
NET BOOK VALUE
At 30 November 2023 54,942
At 30 November 2022 28,493

Treegreen Limited (Registered number: SC333763)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 338,056 430,220
Other debtors 33,092 12,302
371,148 442,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,737 11,170
Trade creditors 145,232 213,546
Taxation and social security 147,627 123,628
Other creditors 46,342 46,530
369,938 404,874

Included within Other Creditors is a director's current account which is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,834 25,833
Hire purchase contracts 47,144 14,094
62,978 39,927

8. GOVERNMENT GRANTS

During the period the company benefited from Business Support Grants of £97,040 (2022 - £24,045). In accordance with our accounting policy these credits are included in other income within the Income Statement over the same period as the costs for which they compensate.