IRIS Accounts Production v24.2.0.383 07522539 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075225392023-02-28075225392024-02-29075225392023-03-012024-02-29075225392022-02-28075225392022-03-012023-02-28075225392023-02-2807522539ns15:EnglandWales2023-03-012024-02-2907522539ns14:PoundSterling2023-03-012024-02-2907522539ns10:Director12023-03-012024-02-2907522539ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907522539ns10:SmallEntities2023-03-012024-02-2907522539ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907522539ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907522539ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907522539ns10:FullAccounts2023-03-012024-02-290752253912023-03-012024-02-2907522539ns10:RegisteredOffice2023-03-012024-02-2907522539ns5:CurrentFinancialInstruments2024-02-2907522539ns5:CurrentFinancialInstruments2023-02-2807522539ns5:Non-currentFinancialInstruments2024-02-2907522539ns5:Non-currentFinancialInstruments2023-02-2807522539ns5:ShareCapital2024-02-2907522539ns5:ShareCapital2023-02-2807522539ns5:RetainedEarningsAccumulatedLosses2024-02-2907522539ns5:RetainedEarningsAccumulatedLosses2023-02-2807522539ns5:NetGoodwill2023-03-012024-02-2907522539ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907522539ns5:LeaseholdImprovements2023-03-012024-02-2907522539ns5:PlantMachinery2023-03-012024-02-2907522539ns5:FurnitureFittings2023-03-012024-02-2907522539ns5:MotorVehicles2023-03-012024-02-2907522539ns5:NetGoodwill2023-02-2807522539ns5:NetGoodwill2024-02-2907522539ns5:NetGoodwill2023-02-2807522539ns5:LeaseholdImprovements2023-02-2807522539ns5:PlantMachinery2023-02-2807522539ns5:FurnitureFittings2023-02-2807522539ns5:MotorVehicles2023-02-2807522539ns5:LeaseholdImprovements2024-02-2907522539ns5:PlantMachinery2024-02-2907522539ns5:FurnitureFittings2024-02-2907522539ns5:MotorVehicles2024-02-2907522539ns5:LeaseholdImprovements2023-02-2807522539ns5:PlantMachinery2023-02-2807522539ns5:FurnitureFittings2023-02-2807522539ns5:MotorVehicles2023-02-2807522539ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2907522539ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2907522539ns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2907522539ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2907522539ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2907522539ns5:LeasedAssetsHeldAsLessee2024-02-2907522539ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:LeasedAssetsHeldAsLessee2023-02-2807522539ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907522539ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 07522539 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Poplar Tree Landscapes (PTL) Limited

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poplar Tree Landscapes (PTL) Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: B P Kay





REGISTERED OFFICE: Catesby Farm
Lapworth Street
Lapworth
Solihull
West Midlands
B94 5QT





REGISTERED NUMBER: 07522539 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 277,180 412,718
277,180 412,718

CURRENT ASSETS
Debtors 6 342,537 76,541
Cash at bank and in hand 387,914 825,882
730,451 902,423
CREDITORS
Amounts falling due within one year 7 623,162 892,858
NET CURRENT ASSETS 107,289 9,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,469

422,283

CREDITORS
Amounts falling due after more than one
year

8

(13,692

)

(85,673

)

PROVISIONS FOR LIABILITIES (67,478 ) (92,975 )
NET ASSETS 303,299 243,635

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 205 205
Retained earnings 303,094 243,430
SHAREHOLDERS' FUNDS 303,299 243,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





B P Kay - Director


Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Poplar Tree Landscapes (PTL) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 21,200
AMORTISATION
At 1 March 2023
and 29 February 2024 21,200
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 34,678 549,929 12,629 333,234 930,470
Additions - 5,683 - 18,450 24,133
Disposals - (13,023 ) - (133,157 ) (146,180 )
At 29 February 2024 34,678 542,589 12,629 218,527 808,423
DEPRECIATION
At 1 March 2023 15,517 355,312 8,032 138,891 517,752
Charge for year 3,468 48,704 825 37,201 90,198
Eliminated on disposal - (7,530 ) - (69,177 ) (76,707 )
At 29 February 2024 18,985 396,486 8,857 106,915 531,243
NET BOOK VALUE
At 29 February 2024 15,693 146,103 3,772 111,612 277,180
At 28 February 2023 19,161 194,617 4,597 194,343 412,718

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 310,500 141,966 452,466
Disposals - (49,021 ) (49,021 )
Transfer to ownership (264,000 ) (30,571 ) (294,571 )
At 29 February 2024 46,500 62,374 108,874
DEPRECIATION
At 1 March 2023 228,230 41,223 269,453
Charge for year 4,905 11,694 16,599
Eliminated on disposal - (12,255 ) (12,255 )
Transfer to ownership (201,352 ) (13,375 ) (214,727 )
At 29 February 2024 31,783 27,287 59,070
NET BOOK VALUE
At 29 February 2024 14,717 35,087 49,804
At 28 February 2023 82,270 100,743 183,013

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 327,067 5,230
Other debtors 15,470 71,311
342,537 76,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 12,360 44,176
Trade creditors 303,136 406,264
Taxation and social security 127,602 145,366
Other creditors 180,064 297,052
623,162 892,858

Poplar Tree Landscapes (PTL) Limited (Registered number: 07522539)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 13,692 57,839
Taxation and social security - 27,834
13,692 85,673

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 26,052 102,015

Hire purchase debts are secured on the assets in question.

10. RELATED PARTY DISCLOSURES

During the year no further transfers were made to Mrs Kay's Property Services Ltd, at the year end the company owed £142 (2023: company owed £142).