REGISTERED NUMBER: |
Financial Statements for the Period 1 November 2023 to 30 June 2024 |
for |
Deepdale Trees Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 1 November 2023 to 30 June 2024 |
for |
Deepdale Trees Limited |
Deepdale Trees Limited (Registered number: 03099056) |
Contents of the Financial Statements |
for the Period 1 November 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Deepdale Trees Limited |
Company Information |
for the Period 1 November 2023 to 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Brigham House |
High Street |
Biggleswade |
Bedfordshire |
SG18 0LD |
Deepdale Trees Limited (Registered number: 03099056) |
Abridged Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Deepdale Trees Limited (Registered number: 03099056) |
Notes to the Financial Statements |
for the Period 1 November 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Deepdale Trees Limited is a |
The company has shortened its reporting period to align it with that of the holding company. The current eight month period ended 30 June 2024 is not directly comparable with the prior year. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
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 significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods. |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
Freehold Property 2% straight line |
Plant and Machinery 10% straight line |
Fixtures and Fittings 20% straight line |
Motor Vehicles 20% straight line |
Land is not depreciated. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Deepdale Trees Limited (Registered number: 03099056) |
Notes to the Financial Statements - continued |
for the Period 1 November 2023 to 30 June 2024 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Going concern |
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and agreed long term financing arrangements in place. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Creditors |
Short term creditors are measured at the transaction price. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Deepdale Trees Limited (Registered number: 03099056) |
Notes to the Financial Statements - continued |
for the Period 1 November 2023 to 30 June 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2023 |
Additions |
Disposals | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 November 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 October 2023 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A Ordinary | £1.00 | 200,000 | 200,000 |
B Ordinary | £0.10 | 3,125 | 3,125 |
C Ordinary | £0.10 | 250 | 250 |
203,375 | 203,375 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
The prior period financial statements were not audited. |
for and on behalf of |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr J F Smits. |
The parent company is Deepdale Trees Holdings Limited, a company registered in England and Wales. |
9. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,717 (2023: £15,210). At the balance sheet date, accrued contributions amounted to £5,391 (2023: £3,166). |
Deepdale Trees Limited (Registered number: 03099056) |
Notes to the Financial Statements - continued |
for the Period 1 November 2023 to 30 June 2024 |
10. | CHARGES |
There are charges registered at Companies House in relation to the property held by the company and the loan notes issued by the holding company. |