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Registration number: 04487392

Dragon Treecare Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 August 2023

 

Dragon Treecare Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Dragon Treecare Limited

Company Information

Directors

Mr F G Price

Ms T J Price

Registered office




Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Bankers

Lloyds TSB Bank plc

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Dragon Treecare Limited

(Registration number: 04487392)

Balance Sheet
as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

17,582

23,075

Current assets

 

Debtors

5

58,857

59,768

Cash at bank and in hand

 

3,052

194

 

61,909

59,962

Creditors: Amounts falling due within one year

6

(2,749)

(2,572)

Net current assets

 

59,160

57,390

Total assets less current liabilities

 

76,742

80,465

Provisions for liabilities

(3,341)

(4,385)

Net assets

 

73,401

76,080

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

73,301

75,980

Total equity

 

73,401

76,080

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

 

Dragon Treecare Limited

(Registration number: 04487392)

Balance Sheet
as at 31 August 2023

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

.........................................

Mr F G Price

Director

.........................................

Ms T J Price

Director

 

Dragon Treecare Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales within the United Kingdom..

The address of its registered office is:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
United Kingdom

These financial statements were authorised for issue by the Board on 20 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the value of services provided during the period, net of value added tax and trade discounts. Turnover is recognised when the services are physically delivered to the client.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the conditions will be met and the funds received,

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Dragon Treecare Limited

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

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Motor vehicles

20% on reducing balance

Office equipment

20% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dragon Treecare Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Office equipment
 £

Total
£

Cost or valuation

At 1 September 2022

99,770

88,811

3,482

192,063

Disposals

(5,000)

(20,000)

-

(25,000)

At 31 August 2023

94,770

68,811

3,482

167,063

Depreciation

At 1 September 2022

83,604

82,844

2,540

168,988

Charge for the year

3,124

1,081

188

4,393

Eliminated on disposal

(4,463)

(19,437)

-

(23,900)

At 31 August 2023

82,265

64,488

2,728

149,481

Carrying amount

At 31 August 2023

12,505

4,323

754

17,582

At 31 August 2022

16,166

5,967

942

23,075

 

Dragon Treecare Limited

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

5

Debtors

2023
£

2022
£

Trade debtors

-

120

Prepayments

461

303

Other debtors

58,396

59,345

58,857

59,768

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

-

30

Taxation and social security

 

842

30

Accruals and deferred income

 

1,845

2,512

Other creditors

 

62

-

 

2,749

2,572

7

Related party transactions

Other transactions with directors

At 1 September 2022 Mr and Mrs Price owed the company £30,366. During the year a further £179 was withdrawn, leaving a net amount owed to the company as at 31 August 2023 of £30,545.

Interest is charged at the official HMRC rate on all amounts owed to the company.