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Registered number: 10830757
j n Treescape Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Freya Accounts Ltd
Holbrook House, 32 Oakley Lane
Oakley
Basingstoke
Hampshire
RG23 7JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10830757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,932 51,864
33,932 51,864
CURRENT ASSETS
Debtors 5 60,260 47,916
Cash at bank and in hand 147 5,082
60,407 52,998
Creditors: Amounts Falling Due Within One Year 6 (37,045 ) (27,412 )
NET CURRENT ASSETS (LIABILITIES) 23,362 25,586
TOTAL ASSETS LESS CURRENT LIABILITIES 57,294 77,450
Creditors: Amounts Falling Due After More Than One Year 7 (70,995 ) (117,854 )
NET LIABILITIES (13,701 ) (40,404 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (13,801 ) (40,504 )
SHAREHOLDERS' FUNDS (13,701) (40,404)
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joshua Nason
Director
28th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
j n Treescape Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10830757 . The registered office is 3 Court Farm Cottages, Court Drove, Overton, Hampshire, RG25 3ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 18% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 96,538 17,290 300 1,823 115,951
Additions 27,706 - - - 27,706
Disposals (35,065 ) (17,290 ) - - (52,355 )
As at 30 June 2024 89,179 - 300 1,823 91,302
Depreciation
As at 1 July 2023 52,368 10,144 208 1,367 64,087
Provided during the period 7,432 - 16 456 7,904
Disposals (4,477 ) (10,144 ) - - (14,621 )
As at 30 June 2024 55,323 - 224 1,823 57,370
Net Book Value
As at 30 June 2024 33,856 - 76 - 33,932
As at 1 July 2023 44,170 7,146 92 456 51,864
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 600
Other debtors 31,503 1,220
Director's loan account 28,757 38,483
60,260 40,303
Due after more than one year
Machinery 4 Hire Loan - 7,613
60,260 47,916
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,504
Trade creditors - (2 )
Corporation tax 31,964 1,211
Other taxes and social security 25 1,339
VAT 4,256 14,213
Credit Card - 1,347
Accruals and deferred income 800 800
37,045 27,412
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 61,417 72,436
Multiskill Comms Loan 9,578 45,418
70,995 117,854
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 8,504
Later than one year and not later than five years - -
- 8,504
- 8,504
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Joshua Nason 38,482 - - - -
The above loan is unsecured and repayable on demand.
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