Registered number
07096589
Root and Branch (Training) Limited
Report and Unaudited Accounts
31 December 2023
Root and Branch (Training) Limited
Registered number: 07096589
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 6,332 4,344
Current assets
Debtors 5 12,573 10,939
Cash at bank and in hand 3,624 3,991
16,197 14,930
Creditors: amounts falling due within one year 6 (11,071) (10,273)
Net current assets 5,126 4,657
Total assets less current liabilities 11,458 9,001
Provisions for liabilities (1,203) (825)
Net assets 10,255 8,176
Capital and reserves
Called up share capital 20 20
Profit and loss account 10,235 8,156
Shareholder's funds 10,255 8,176
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D J Clarke
Director
Approved by the board on 26 September 2024
Root and Branch (Training) Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 10,000
At 31 December 2023 10,000
Amortisation
At 1 January 2023 10,000
At 31 December 2023 10,000
Net book value
At 31 December 2023 -
Goodwill was reviewed in 2015 and its estimated economic life was reduced to seven years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 13,880 10,000 23,880
Additions 4,207 - 4,207
At 31 December 2023 18,087 10,000 28,087
Depreciation
At 1 January 2023 10,271 9,265 19,536
Charge for the year 2,035 184 2,219
At 31 December 2023 12,306 9,449 21,755
Net book value
At 31 December 2023 5,781 551 6,332
At 31 December 2022 3,609 735 4,344
5 Debtors 2023 2022
£ £
Trade debtors 2,505 996
Other debtors 10,068 9,943
12,573 10,939
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,059 239
Other taxes and social security costs 585 1,102
Other creditors 9,427 8,932
11,071 10,273
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D J Clarke
Loan interest free and repayable on demand 9,430 23,643 (24,693) 8,380
9,430 23,643 (24,693) 8,380
8 Other information
Root and Branch (Training) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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