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Company registration number: 04688571

CherryTree-Digital Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 September 2023

 

CherryTree-Digital Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

CherryTree-Digital Limited

Company Information

Directors

Mr M Bryant

Mr A T Bryant

Company secretary

Mr A T Bryant

Registered office

Cherry Tree Farm Pine View
Winstanley
Wigan
WN3 6DF

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CherryTree-Digital Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CherryTree-Digital Limited for the year ended 30 September 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of CherryTree-Digital Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CherryTree-Digital Limited and state those matters that we have agreed to state to the Board of Directors of CherryTree-Digital Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CherryTree-Digital Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CherryTree-Digital Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CherryTree-Digital Limited. You consider that CherryTree-Digital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CherryTree-Digital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

25 September 2024

 

CherryTree-Digital Limited

(Registration number: 04688571)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,035

1,293

Current assets

 

Stocks

373

5,166

Debtors

6

3,114

2,897

Cash at bank and in hand

 

79

1,780

 

3,566

9,843

Creditors: Amounts falling due within one year

7

(42,577)

(42,458)

Net current liabilities

 

(39,011)

(32,615)

Net liabilities

 

(37,976)

(31,322)

Capital and reserves

 

Called up share capital

1,245,000

1,245,000

Retained earnings

(1,282,976)

(1,276,322)

Shareholders' deficit

 

(37,976)

(31,322)

For the financial year ending 30 September 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Mr M Bryant
Director

   
     
 

CherryTree-Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
Cherry Tree Farm Pine View
Winstanley
Wigan
WN3 6DF
England

The principal place of business is:
Cherry Tree Farm
Pine View
Winstanley
Wigan
Lancashire
WN3 6DF

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

The financial statements have been prepared using the historical cost convention. The financial statements have been prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which depends upon the future profitable trading and the support of the directors. Should the company be unable to continue trading, adjustments would be necessary to reduce the value of assets to their recoverable amount, to provide for further liabilities which might arise and to reclassify fixed assets as current assets.

Revenue recognition

Turnover comprises the fair value of the sale of goods net of value added tax, rebates and discounts. Sales of goods are recognised when the company has delivered the goods to the customer and they are accepted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

CherryTree-Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Computer equipment

33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

182

588

 

CherryTree-Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 October 2022

20,482

21,540

42,022

Disposals

(672)

(4,798)

(5,470)

At 30 September 2023

19,810

16,742

36,552

Depreciation

At 1 October 2022

19,189

21,540

40,729

Charge for the year

182

-

182

Eliminated on disposal

(596)

(4,798)

(5,394)

At 30 September 2023

18,775

16,742

35,517

Carrying amount

At 30 September 2023

1,035

-

1,035

At 30 September 2022

1,293

-

1,293

6

Debtors

2023
£

2022
£

Trade debtors

249

-

Other debtors

2,865

2,897

3,114

2,897

 

CherryTree-Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6,806

5,725

Trade creditors

 

202

4,575

Amounts owed to group undertakings and undertakings in which the company has a participating interest

14,547

14,016

Other creditors

 

21,022

18,142

 

42,577

42,458

8

Going concern

Although the financial statements show net current liabilities of £39,011 (2022: £32,615) and net liabilities of £37,976 (2022: £31,322), the directors are of the opinion that the financial statements can be prepared on a going concern basis on the grounds that they will continue to support the company and that the company will trade profitably in the future.