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REGISTERED NUMBER: 05133619 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SHARETREE LIMITED

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 8

SHARETREE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2024







DIRECTORS: Mr S R Coleman
Mr M G Coleman





REGISTERED OFFICE: Units D & E
Stonedale Road
Oldends Industrial Estate
Stonehouse
Gloucestershire
GL10 3SA





REGISTERED NUMBER: 05133619 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 100
Tangible assets 5 134,325 107,140
134,325 107,240

CURRENT ASSETS
Stocks 6 142,107 241,787
Debtors 7 402,787 297,702
Cash at bank and in hand 601,945 663,687
1,146,839 1,203,176
CREDITORS
Amounts falling due within one year 8 481,402 640,341
NET CURRENT ASSETS 665,437 562,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,762

670,075

PROVISIONS FOR LIABILITIES 33,581 26,785
NET ASSETS 766,181 643,290

CAPITAL AND RESERVES
Called up share capital 40 40
Share premium 47,980 47,980
Capital redemption reserve 80 80
Retained earnings 718,081 595,190
SHAREHOLDERS' FUNDS 766,181 643,290

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

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

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

BALANCE SHEET - continued
31 May 2024


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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr S R Coleman - Director



Mr M G Coleman - Director


SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

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

1. STATUTORY INFORMATION

Sharetree 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

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 15 (2023 - 16 ) .

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 2,000
AMORTISATION
At 1 June 2023 1,900
Amortisation for year 100
At 31 May 2024 2,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 100

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 254,075 61,710 87,669 403,454
Additions 42,333 5,143 37,950 85,426
Disposals (24,089 ) (21,770 ) (24,725 ) (70,584 )
At 31 May 2024 272,319 45,083 100,894 418,296
DEPRECIATION
At 1 June 2023 198,665 57,915 39,734 296,314
Charge for year 31,994 2,965 18,337 53,296
Eliminated on disposal (24,089 ) (21,770 ) (19,780 ) (65,639 )
At 31 May 2024 206,570 39,110 38,291 283,971
NET BOOK VALUE
At 31 May 2024 65,749 5,973 62,603 134,325
At 31 May 2023 55,410 3,795 47,935 107,140

6. STOCKS
2024 2023
£    £   
Stocks 53,052 35,524
Work-in-progress 89,055 206,263
142,107 241,787

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 400,765 294,386
Other debtors 74 1,135
Prepayments 1,948 2,181
402,787 297,702

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,484 141,782
Tax 85,101 34,307
Social security and other taxes 9,434 8,787
VAT 78,133 55,056
Rental deposit control 48,266 39,656
Expenses control 4,601 4,157
Contract cost provision 96,041 298,365
General warranty provision 20,443 12,358
Directors' current accounts 34,028 42,991
Accrued expenses 76,871 2,882
481,402 640,341

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 92,819 101,280
Between one and five years 203,863 296,681
296,682 397,961

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr S R Coleman
Balance outstanding at start of year (33,191 ) (21,627 )
Amounts advanced 44,362 28,269
Amounts repaid (28,297 ) (39,833 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,126 ) (33,191 )

Mr M G Coleman
Balance outstanding at start of year (9,801 ) (8,768 )
Amounts advanced 21,000 14,687
Amounts repaid (28,100 ) (15,720 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,901 ) (9,801 )

SHARETREE LIMITED (REGISTERED NUMBER: 05133619)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

During the year, Sharetree Ltd paid expenses on behalf of Rent4Test Ltd totalling £168 (2023 - £148). The loan, which totalled £1,303, has been written off at the end of this year.

Mr M G Coleman and Mr S R Coleman are directors and shareholders of Rent4Test Ltd.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHARETREE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sharetree Limited for the year ended 31 May 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sharetree Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sharetree Limited and state those matters that we have agreed to state to the Board of Directors of Sharetree Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sharetree Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sharetree Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sharetree Limited. You consider that Sharetree 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 financial statements of Sharetree 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 financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


31 October 2024