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REGISTERED NUMBER: 03511841 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Wilby Tree Surgeons Limited

Wilby Tree Surgeons Limited (Registered number: 03511841)






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


Wilby Tree Surgeons Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr P Meakins
Mr W Rees





REGISTERED OFFICE: Towerfield Farm
Sywell Lane
Ecton
Northampton
Northamptonshire
NN6 0QT





REGISTERED NUMBER: 03511841 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Wilby Tree Surgeons Limited (Registered number: 03511841)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,913 26,141
Tangible assets 5 888,383 937,167
Investments 6 100 100
909,396 963,408

CURRENT ASSETS
Stocks 79,937 75,537
Debtors 7 1,665,570 1,508,635
Cash at bank 6,843 6,055
1,752,350 1,590,227
CREDITORS
Amounts falling due within one year 8 1,031,788 1,122,137
NET CURRENT ASSETS 720,562 468,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,958

1,431,498

CREDITORS
Amounts falling due after more than one
year

9

(313,843

)

(371,751

)

PROVISIONS FOR LIABILITIES (818 ) (11,248 )
NET ASSETS 1,315,297 1,048,499

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 1,315,295 1,048,497
SHAREHOLDERS' FUNDS 1,315,297 1,048,499

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 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.

Wilby Tree Surgeons Limited (Registered number: 03511841)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed on its behalf by:





Mr P Meakins - Director


Wilby Tree Surgeons Limited (Registered number: 03511841)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Wilby Tree Surgeons 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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 etc - 25% on cost, 20% on cost and at variable rates on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Wilby Tree Surgeons Limited (Registered number: 03511841)

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.

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 34 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 52,283
AMORTISATION
At 1 March 2023 26,142
Charge for year 5,228
At 29 February 2024 31,370
NET BOOK VALUE
At 29 February 2024 20,913
At 28 February 2023 26,141

Wilby Tree Surgeons Limited (Registered number: 03511841)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 2,123,182
Additions 165,420
Disposals (178,086 )
At 29 February 2024 2,110,516
DEPRECIATION
At 1 March 2023 1,186,015
Charge for year 178,290
Eliminated on disposal (142,172 )
At 29 February 2024 1,222,133
NET BOOK VALUE
At 29 February 2024 888,383
At 28 February 2023 937,167

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 1,197,967
Additions 152,920
Disposals (65,000 )
Transfer to ownership (71,379 )
At 29 February 2024 1,214,508
DEPRECIATION
At 1 March 2023 645,729
Charge for year 142,777
Eliminated on disposal (43,388 )
Transfer to ownership (62,062 )
At 29 February 2024 683,056
NET BOOK VALUE
At 29 February 2024 531,452
At 28 February 2023 552,238

Wilby Tree Surgeons Limited (Registered number: 03511841)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 380,749 354,210
Other debtors 10,957 -
391,706 354,210

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,265,062 1,145,623
Other debtors 8,802 8,802
1,273,864 1,154,425

Aggregate amounts 1,665,570 1,508,635

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 225,470 252,574
Trade creditors 84,389 104,795
Taxation and social security 384,394 344,415
Other creditors 327,535 410,353
1,031,788 1,122,137

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 22,500
Hire purchase contracts and finance leases 297,176 349,251
313,843 371,751

Wilby Tree Surgeons Limited (Registered number: 03511841)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr P Meakins
Balance outstanding at start of year (7,782 ) 44,447
Amounts advanced 18,738 -
Amounts repaid - (52,229 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,956 (7,782 )

The balance of Directors' Advances was repaid within 9 months of the end of the year.