Registered number
13297501
Arbormac Arboriculture Ltd
Unaudited Filleted Accounts
31 March 2024
Arbormac Arboriculture Ltd
Registered number: 13297501
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 247,615 110,533
Current assets
Stocks and WIP 67,850 850
Debtors 4 375,962 62,305
Cash at bank and in hand 6,457 13,109
450,269 76,264
Creditors: amounts falling due within one year 5 (516,999) (60,681)
Net current (liabilities)/assets (66,730) 15,583
Total assets less current liabilities 180,885 126,116
Creditors: amounts falling due after more than one year 6 (26,510) (60,393)
Provisions for liabilities (56,608) (20,122)
Net assets 97,767 45,601
Capital and reserves
Called up share capital 1 1
Profit and loss account 97,766 45,600
Shareholders' funds 97,767 45,601
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D. McCarthy
Director
Approved by the board on 2 July 2024
Arbormac Arboriculture Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 10 years
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks and WIP
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 3
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - 24,592 106,576 131,168
Additions 119,396 97,112 5,500 222,008
Disposals - - (35,000) (35,000)
At 31 March 2024 119,396 121,704 77,076 318,176
Depreciation
At 1 April 2023 - 6,208 14,427 20,635
Charge for the year 11,940 28,887 15,662 56,489
On disposals - - (6,563) (6,563)
At 31 March 2024 11,940 35,095 23,526 70,561
Net book value
At 31 March 2024 107,456 86,609 53,550 247,615
At 31 March 2023 - 18,384 92,149 110,533
4 Debtors 2024 2023
£ £
Trade debtors 370,757 62,305
Other debtors 5,205 -
375,962 62,305
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 170,097 -
Obligations under finance lease and hire purchase contracts 21,230 35,776
Trade creditors 92,151 145
Taxation and social security costs 223,237 16,588
Other creditors 10,284 8,172
516,999 60,681
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 26,510 60,393
7 Other information
Arbormac Arboriculture Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Springfield Grove
Holbury
Southampton
Hampshire
SO45 2LL
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