Waterman Tree Company Limited 14553909 false 2022-12-22 2023-12-31 2023-12-31 The principal activity of the company is providing arboricultural services to the pubic and commercial clients. Digita Accounts Production Advanced 6.30.9574.0 true true 14553909 2022-12-22 2023-12-31 14553909 2023-12-31 14553909 bus:OrdinaryShareClass1 2023-12-31 14553909 core:CurrentFinancialInstruments 2023-12-31 14553909 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14553909 core:MotorVehicles 2023-12-31 14553909 core:OtherPropertyPlantEquipment 2023-12-31 14553909 bus:SmallEntities 2022-12-22 2023-12-31 14553909 bus:AuditExemptWithAccountantsReport 2022-12-22 2023-12-31 14553909 bus:FilletedAccounts 2022-12-22 2023-12-31 14553909 bus:SmallCompaniesRegimeForAccounts 2022-12-22 2023-12-31 14553909 bus:RegisteredOffice 2022-12-22 2023-12-31 14553909 bus:Director1 2022-12-22 2023-12-31 14553909 bus:OrdinaryShareClass1 2022-12-22 2023-12-31 14553909 bus:PrivateLimitedCompanyLtd 2022-12-22 2023-12-31 14553909 core:MotorVehicles 2022-12-22 2023-12-31 14553909 core:OtherPropertyPlantEquipment 2022-12-22 2023-12-31 14553909 core:PlantMachinery 2022-12-22 2023-12-31 14553909 countries:UnitedKingdom 2022-12-22 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14553909

Waterman Tree Company Limited

Unaudited Financial Statements

for the Period from 22 December 2022 to 31 December 2023

 

Waterman Tree Company Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Waterman Tree Company Limited

(Registration number: 14553909)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

8,551

Current assets

 

Debtors

5

7,345

Cash at bank and in hand

 

42,111

 

49,456

Creditors: Amounts falling due within one year

6

(51,966)

Net current liabilities

 

(2,510)

Total assets less current liabilities

 

6,041

Provisions for liabilities

(262)

Net assets

 

5,779

Capital and reserves

 

Called up share capital

100

Retained earnings

5,679

Shareholders' funds

 

5,779

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

Director's responsibilities:

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

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mr Ben Waterman
Director

 

Waterman Tree Company Limited

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Crabadon Cottage
Halwell
Totnes
TQ9 7JZ
England

These financial statements were authorised for issue by the director on 19 September 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).

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Waterman Tree Company Limited

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

Tax

The tax expense for the period comprises current and 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.

The current income 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% Straight Line

Motor Vehicles

10% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

Trade debtors are recognised at the transaction price.

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 at the transaction price.

 

Waterman Tree Company Limited

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

 

Waterman Tree Company Limited

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

3,997

6,009

10,006

At 31 December 2023

3,997

6,009

10,006

Depreciation

Charge for the period

400

1,055

1,455

At 31 December 2023

400

1,055

1,455

Carrying amount

At 31 December 2023

3,597

4,954

8,551

5

Debtors

Current

2023
£

Trade debtors

6,880

Prepayments

345

Other debtors

120

 

7,345

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

9,031

Taxation and social security

6,301

Accruals and deferred income

1,750

Other creditors

34,884

51,966

7

Share capital

Allotted, called up and fully paid shares

 

Waterman Tree Company Limited

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

 

2023

 

No.

£

Ordinary Shares of £1 each

100

100

     

8

Related party transactions

At the balance sheet date, the company owed £34,059 to Mr B Waterman, the sole director of the company. The loan is provided interest free and repayable on demand.