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REGISTERED NUMBER: 07912353 (England and Wales)















Financial Statements For The Year Ended 31st March 2024

for

Down To Earth Trees Ltd

Down To Earth Trees Ltd (Registered number: 07912353)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Down To Earth Trees Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTORS: N Sehmi
J C Robinson





REGISTERED OFFICE: 63 High Street
Chislehurst
Kent
BR7 5BE





REGISTERED NUMBER: 07912353 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Down To Earth Trees Ltd (Registered number: 07912353)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 71,667 91,667
Tangible assets 5 151,975 90,513
223,642 182,180

CURRENT ASSETS
Debtors 6 137,648 121,169
Cash at bank and in hand 77,289 179,204
214,937 300,373
CREDITORS
Amounts falling due within one year 7 159,881 222,284
NET CURRENT ASSETS 55,056 78,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,698

260,269

CREDITORS
Amounts falling due after more than one
year

8

(102,333

)

(42,263

)

PROVISIONS FOR LIABILITIES (37,991 ) (22,625 )
NET ASSETS 138,374 195,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,274 195,281
SHAREHOLDERS' FUNDS 138,374 195,381

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

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

Down To Earth Trees Ltd (Registered number: 07912353)

Balance Sheet - continued
31st 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 27th November 2024 and were signed on its behalf by:




N Sehmi - Director



J C Robinson - Director


Down To Earth Trees Ltd (Registered number: 07912353)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

Down To Earth Trees Ltd 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 2017, 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.
Plant and machinery etc - 25% on cost

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.

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

Down To Earth Trees Ltd (Registered number: 07912353)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 25 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 200,000
AMORTISATION
At 1st April 2023 108,333
Charge for year 20,000
At 31st March 2024 128,333
NET BOOK VALUE
At 31st March 2024 71,667
At 31st March 2023 91,667

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 421,627
Additions 140,691
Disposals (8,378 )
At 31st March 2024 553,940
DEPRECIATION
At 1st April 2023 331,114
Charge for year 79,229
Eliminated on disposal (8,378 )
At 31st March 2024 401,965
NET BOOK VALUE
At 31st March 2024 151,975
At 31st March 2023 90,513

Down To Earth Trees Ltd (Registered number: 07912353)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,648 114,491
Other debtors - 6,678
137,648 121,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,016 10,024
Hire purchase contracts 28,645 15,680
Taxation and social security 120,724 136,790
Other creditors 496 59,790
159,881 222,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,651 21,645
Hire purchase contracts 90,682 20,618
102,333 42,263