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REGISTERED NUMBER: 06646191 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Aire Valley Tree Services Limited

Aire Valley Tree Services Limited (Registered number: 06646191)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aire Valley Tree Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr N A Whitaker
Mrs H A Whitaker





REGISTERED OFFICE: The Old Smithy
Lee Lane East
Horsforth
Leeds
West Yorkshire
LS18 5RE





REGISTERED NUMBER: 06646191 (England and Wales)





ACCOUNTANTS: SMH D'Arcy Howard & Co
2, Pavillion Business Park
Royds Hall Road
Lower Wortley
Leeds
West Yorkshire
LS12 6AJ

Aire Valley Tree Services Limited (Registered number: 06646191)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 110,653 134,638
Investments 6 145,316 142,892
255,969 277,530

CURRENT ASSETS
Debtors 7 125,975 59,481
Cash at bank and in hand 32,827 63,056
158,802 122,537
CREDITORS
Amounts falling due within one year 8 90,934 96,023
NET CURRENT ASSETS 67,868 26,514
TOTAL ASSETS LESS CURRENT LIABILITIES 323,837 304,044

CREDITORS
Amounts falling due after more than one year 9 (8,437 ) (26,106 )

PROVISIONS FOR LIABILITIES 13 (28,963 ) (29,076 )
NET ASSETS 286,437 248,862

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 286,337 248,762
SHAREHOLDERS' FUNDS 286,437 248,862

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

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

Aire Valley Tree Services Limited (Registered number: 06646191)

Balance Sheet - continued
31 March 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 12 November 2024 and were signed on its behalf by:




Mr N A Whitaker - Director



Mrs H A Whitaker - Director


Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aire Valley Tree Services 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 as modified by the revaluation of certain assets.

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 2009, 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 129,173 14,403 189,342 22,568 355,486
Additions 3,787 - - 270 4,057
At 31 March 2024 132,960 14,403 189,342 22,838 359,543
DEPRECIATION
At 1 April 2023 65,381 11,996 123,124 20,347 220,848
Charge for year 9,758 361 16,555 1,368 28,042
At 31 March 2024 75,139 12,357 139,679 21,715 248,890
NET BOOK VALUE
At 31 March 2024 57,821 2,046 49,663 1,123 110,653
At 31 March 2023 63,792 2,407 66,218 2,221 134,638

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 68,550 126,428 194,978
DEPRECIATION
At 1 April 2023 29,962 70,363 100,325
Charge for year 2,703 14,017 16,720
At 31 March 2024 32,665 84,380 117,045
NET BOOK VALUE
At 31 March 2024 35,885 42,048 77,933
At 31 March 2023 38,588 56,065 94,653

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST OR VALUATION
At 1 April 2023 142,892
Revaluations 2,424
At 31 March 2024 145,316
NET BOOK VALUE
At 31 March 2024 145,316
At 31 March 2023 142,892

Cost or valuation at 31 March 2024 is represented by:

Unlisted
investments
£
Valuation in 2019 1,807
Valuation in 2020 (3,202 )
Valuation in 2021 13,769
Valuation in 2022 4,630
Valuation in 2023 1,389
Valuation in 2024 2,424
Cost 124,499
145,316

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 103,875 55,007
Directors' loan accounts 16,432 -
Prepayments 5,668 4,474
125,975 59,481

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts and finance leases (see note 10)
11,650

26,425
Trade creditors 28,930 16,217
Tax 21,425 16,103
Social security and other taxes (1,021 ) 867
VAT 25,388 28,097
Other creditors 584 669
Directors' loan accounts - 3,638
Accrued expenses 3,978 4,007
90,934 96,023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts and finance leases (see note 10)
8,437

26,106

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£ £ £ £
Gross obligations repayable:
Within one year 8,630 21,902 3,704 6,684
Between one and five years 8,326 17,015 309 10,470
16,956 38,917 4,013 17,154

Finance charges repayable:
Within one year 563 1,294 121 867
Between one and five years 197 760 1 619
760 2,054 122 1,486

Net obligations repayable:
Within one year 8,067 20,608 3,583 5,817
Between one and five years 8,129 16,255 308 9,851
16,196 36,863 3,891 15,668

Aire Valley Tree Services Limited (Registered number: 06646191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts and finance leases 20,087 52,531

The hire purchase contracts are secured on the assets to which they relate.

12. FINANCIAL INSTRUMENTS

Carrying amount of financial assets.

Instruments measured at fair value through profit or loss as at 31 March 2024 totalled £142,892 (2023 - £142,892).

13. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 28,963 29,076

Deferred tax
£
Balance at 1 April 2023 29,076
Accelerated capital allowances (113 )
Unrealised investment gains
Balance at 31 March 2024 28,963

The provision for deferred tax is made up of accelerated capital allowances.

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

15. ULTIMATE CONTROLLING PARTY

No controlling party can be identified.