Company Registration No. 05094315 (England and Wales)
Premier Tree Services Limited
Unaudited Abridged Accounts
for the year ended 31 May 2024
Premier Tree Services Limited
Unaudited Abridged Accounts
Contents
Premier Tree Services Limited
Company Information
for the year ended 31 May 2024
Directors
Mr Stephen John Tomlin
Miss Joanne Lackenby
Secretary
Mr Stephen John Tomlin
Company Number
05094315 (England and Wales)
Registered Office
Unit 8A
Sea View Industrial Estate
Peterlee
SR8 4TQ
Accountants
Lyons Watson Accountants
Business Central
2 Union Square
Darlington
Co Durham
DL1 1GL
Premier Tree Services Limited
Statement of financial position
as at 31 May 2024
Tangible assets
499,655
371,072
Cash at bank and in hand
762,179
519,260
Creditors: amounts falling due within one year
(222,118)
(132,074)
Net current assets
672,085
561,319
Total assets less current liabilities
1,171,740
932,391
Creditors: amounts falling due after more than one year
(176,976)
(116,545)
Net assets
994,764
815,846
Called up share capital
2
2
Profit and loss account
994,762
815,844
Shareholders' funds
994,764
815,846
For the year ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 27 January 2025 and were signed on its behalf by
Mr Stephen John Tomlin
Director
Company Registration No. 05094315
Premier Tree Services Limited
Notes to the Accounts
for the year ended 31 May 2024
Premier Tree Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05094315. The registered office is Unit 8A, Sea View Industrial Estate, Peterlee, SR8 4TQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Premier Tree Services Limited
Notes to the Accounts
for the year ended 31 May 2024
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Total
Charge for the year
112,578
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 15 (2023: 16).