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Company Registration No. SC638893 (Scotland)
K Trees Limited Unaudited accounts for the year ended 31 August 2024
K Trees Limited Unaudited accounts Contents
Page
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K Trees Limited Company Information for the year ended 31 August 2024
Directors
Kenneth Turnbull Alisha Turnbull
Company Number
SC638893 (Scotland)
Registered Office
48 Castle Drive Lochyside Fort William INVERNESS-SHIRE PH33 7NS SCOTLAND
Accountants
Sarah Kennedy Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of K Trees Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K Trees Limited for the year ended 31 August 2024 as set out on pages 5 - 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/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of K Trees Limited, as a body, in accordance with the terms of our engagement letter dated 22 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of K Trees Limited and state those matters that we have agreed to state to the Board of Directors of K Trees 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K Trees Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that K Trees 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 profit of K Trees Limited. You consider that K Trees 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 K Trees 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.
Sarah Kennedy Chartered Certified Accountants Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH 3 October 2024
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K Trees Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,759 
41,968 
Current assets
Debtors
17,165 
23,174 
Cash at bank and in hand
21,288 
6,943 
38,453 
30,117 
Creditors: amounts falling due within one year
(28,184)
(57,130)
Net current assets/(liabilities)
10,269 
(27,013)
Total assets less current liabilities
85,028 
14,955 
Creditors: amounts falling due after more than one year
(22,837)
- 
Net assets
62,191 
14,955 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
61,191 
13,955 
Shareholders' funds
62,191 
14,955 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Kenneth Turnbull Director Company Registration No. SC638893
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K Trees Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
K Trees Limited is a private company, limited by shares, registered in Scotland, registration number SC638893. The registered office is 48 Castle Drive, Lochyside, Fort William, INVERNESS-SHIRE, PH33 7NS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
Motor vehicles
5 years
Fixtures & fittings
5 years
Computer equipment
3 years
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
34,127 
38,745 
9,054 
416 
82,342 
Additions
29,534 
28,995 
- 
358 
58,887 
Disposals
- 
(1,250)
- 
- 
(1,250)
At 31 August 2024
63,661 
66,490 
9,054 
774 
139,979 
Depreciation
At 1 September 2023
16,482 
19,749 
3,869 
274 
40,374 
Charge for the year
12,732 
10,298 
1,811 
255 
25,096 
On disposals
- 
(250)
- 
- 
(250)
At 31 August 2024
29,214 
29,797 
5,680 
529 
65,220 
Net book value
At 31 August 2024
34,447 
36,693 
3,374 
245 
74,759 
At 31 August 2023
17,645 
18,996 
5,185 
142 
41,968 
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K Trees Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,920 
10,398 
Accrued income and prepayments
11,745 
12,276 
Other debtors
500 
500 
17,165 
23,174 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,183 
7,115 
VAT
4,907 
5,893 
Obligations under finance leases and hire purchase contracts
5,801 
- 
Trade creditors
14,365 
634 
Taxes and social security
1,871 
1,591 
Other creditors
168 
39,438 
Loans from directors
(2,874)
782 
Accruals
1,763 
1,677 
28,184 
57,130 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,911 
- 
Obligations under finance leases and hire purchase contracts
19,926 
- 
22,837 
- 
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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