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REGISTERED NUMBER: 01107694 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024

FOR

SIXTREES LIMITED

SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIXTREES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Dr. S Perl
B E Perl MBE
J D Perl





SECRETARY: Dr. S Perl





REGISTERED OFFICE: 11-12 Glebe Road
Huntingdon
Cambridgeshire
PE29 7DY





REGISTERED NUMBER: 01107694 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,491 21,988
Investments 5 87,025 102,025
103,516 124,013

CURRENT ASSETS
Stocks 360,613 266,941
Debtors 6 424,744 407,922
Cash at bank and in hand 726,995 744,993
1,512,352 1,419,856
CREDITORS
Amounts falling due within one year 7 691,637 704,153
NET CURRENT ASSETS 820,715 715,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,231

839,716

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 924,131 839,616
SHAREHOLDERS' FUNDS 924,231 839,716

SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





B E Perl MBE - Director


SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Sixtrees 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 25% WDV
Motor Vehicles - 25% WDV

Stock
Stock is valued at lower of cost and net realisable value.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

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 or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 135,041
DEPRECIATION
At 1 February 2023 113,053
Charge for year 5,497
At 31 January 2024 118,550
NET BOOK VALUE
At 31 January 2024 16,491
At 31 January 2023 21,988

SIXTREES LIMITED (REGISTERED NUMBER: 01107694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 102,025
Impairments (15,000 )
At 31 January 2024 87,025
NET BOOK VALUE
At 31 January 2024 87,025
At 31 January 2023 102,025

Fixed Asset investments are stated at cost less provision for permanent diminution in value

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 288,116 235,720
Other debtors 136,628 172,202
424,744 407,922

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,061 44,787
Amounts owed to group undertakings 385,831 390,415
Amounts owed to associates 182,252 188,650
Taxation and social security 77,492 32,028
Other creditors 41,001 48,273
691,637 704,153

8. SECURED DEBTS

The bank loans are overdrafts are secured by a debenture in the Lloyd's bank standard form and by fixed and floating charges over all other assets of the parent company.

9. IMMEDIATE PARENT COMPANY

The Company is a wholly owned subsidiary of Foframe of Huntingdon Limited.