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REGISTERED NUMBER: 04624739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

B & W TREES LTD

B & W TREES LTD (REGISTERED NUMBER: 04624739)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & W TREES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: R A E Bacon
R J Wheldon





SECRETARY: R J Wheldon





REGISTERED OFFICE: 89 Thearne Lane
Woodmansey
Beverley
East Yorkshire
HU17 0SA





REGISTERED NUMBER: 04624739 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

B & W TREES LTD (REGISTERED NUMBER: 04624739)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,578 23,731
13,578 23,731

CURRENT ASSETS
Stocks 74,234 73,526
Debtors 6 59,256 62,374
Cash at bank 67,615 85,505
201,105 221,405
CREDITORS
Amounts falling due within one year 7 74,447 86,707
NET CURRENT ASSETS 126,658 134,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,236

158,429

CREDITORS
Amounts falling due after more than one year 8 (28,318 ) (33,747 )

PROVISIONS FOR LIABILITIES (2,450 ) (4,351 )
NET ASSETS 109,468 120,331

B & W TREES LTD (REGISTERED NUMBER: 04624739)

BALANCE SHEET - continued
31 August 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,368 120,231
SHAREHOLDERS' FUNDS 109,468 120,331

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





R A E Bacon - Director


B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

B & W Tree Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at 89 Thearne Lane, Woodmansey, Beverley, East Yorkshire.

The principal activity of the company is that of market gardening.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 - 33% on reducing balance, 25% on cost and 20% on cost

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 9 (2023 - 7 ) .

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 60,000
AMORTISATION
At 1 September 2023
and 31 August 2024 60,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 211,984 10,500 511 222,995
Disposals - - (511 ) (511 )
At 31 August 2024 211,984 10,500 - 222,484
DEPRECIATION
At 1 September 2023 188,325 10,500 439 199,264
Charge for year 10,081 - - 10,081
Eliminated on disposal - - (439 ) (439 )
At 31 August 2024 198,406 10,500 - 208,906
NET BOOK VALUE
At 31 August 2024 13,578 - - 13,578
At 31 August 2023 23,659 - 72 23,731

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,612 57,256
Prepayments and accrued income 5,644 5,118
59,256 62,374

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,429 5,222
Trade creditors 13,949 25,089
Amounts owed to group undertakings 9,845 10,378
Corporation tax 14,505 9,601
Social security and other taxes 1,102 1,191
Wages control 583 652
VAT 15,324 20,563
Directors' current accounts 9,645 11,196
Accruals and deferred income 4,065 2,815
74,447 86,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 28,318 33,747

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,177 16,898

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,429 5,222

B & W TREES LTD (REGISTERED NUMBER: 04624739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


9. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,569 5,569

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,572 11,280

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,177 16,898

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,445 11,445

11. RELATED PARTY DISCLOSURE

At the balance sheet date the company owes its director Mr R A E Bacon £9,646 (2023: £11,196).

The loan is free from interest and repayable on demand.