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REGISTERED NUMBER: SC613894 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Taylor Trees Limited

Taylor Trees Limited (Registered number: SC613894)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Taylor Trees Limited (Registered number: SC613894)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 206,568 215,028

CURRENT ASSETS
Debtors 5 6,240 17,149
Cash at bank and in hand 149,495 104,197
155,735 121,346
CREDITORS
Amounts falling due within one year 6 (70,569 ) (113,873 )
NET CURRENT ASSETS 85,166 7,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,734

222,501

CREDITORS
Amounts falling due after more than one
year

7

(36,334

)

(21,667

)

PROVISIONS FOR LIABILITIES (39,180 ) (40,855 )
NET ASSETS 216,220 159,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,120 159,879
SHAREHOLDERS' FUNDS 216,220 159,979

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.

Taylor Trees Limited (Registered number: SC613894)

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 12 November 2024 and were signed on its behalf by:





R Taylor - Director


Taylor Trees Limited (Registered number: SC613894)

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

1. STATUTORY INFORMATION

Taylor Trees Limited is a private company,limited by shares, domiciled in Scotland, registration number SC613894. The registered office is Little Overton, Denny, FK6 5JE.

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 represents net invoiced sales of goods and services in respect of professional tree and land services, excluding vat. Sales are recognised at the point at which the goods are delivered or the service is complete.

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 reducing balance

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
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the trading, profit and loss account on a straight line basis.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Taylor Trees Limited (Registered number: SC613894)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 322,140
Additions 60,396
At 31 May 2024 382,536
DEPRECIATION
At 1 June 2023 107,112
Charge for year 68,856
At 31 May 2024 175,968
NET BOOK VALUE
At 31 May 2024 206,568
At 31 May 2023 215,028

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

Plant and
machinery
etc
£   
COST
Transfer to ownership 79,315
At 31 May 2024 79,315
DEPRECIATION
Charge for year 14,871
Transfer to ownership 19,829
At 31 May 2024 34,700
NET BOOK VALUE
At 31 May 2024 44,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,240 17,149

Taylor Trees Limited (Registered number: SC613894)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,000 -
Trade creditors 1,361 80,327
Taxation and social security 30,671 18,070
Other creditors 20,537 5,476
70,569 113,873

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 24,667 -
36,334 21,667

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 32,667 -

Balances due on hire purchase agreements are secured on the assets to which they relate.