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Registration number: 09415784

Indigenous Tree Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Indigenous Tree Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Indigenous Tree Limited

Company Information

Director

L Seymour

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Indigenous Tree Limited

(Registration number: 09415784)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

746

1,390

Current assets

 

Stocks

6

10,012

8,405

Cash at bank and in hand

 

1,040

1,243

 

11,052

9,648

Creditors: Amounts falling due within one year

7

(93,092)

(89,217)

Net current liabilities

 

(82,040)

(79,569)

Net liabilities

 

(81,294)

(78,179)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(81,394)

(78,279)

Shareholders' deficit

 

(81,294)

(78,179)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2025
 


L Seymour
Director

 

Indigenous Tree Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director will continue to support the company to ensure all liabilities are met as they fall due.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing balance

Office Equipment

20% Straight line

 

Indigenous Tree Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

over 5 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 August 2023

5,184

5,184

At 31 July 2024

5,184

5,184

Amortisation

At 1 August 2023

5,184

5,184

At 31 July 2024

5,184

5,184

Carrying amount

At 31 July 2024

-

-

 

Indigenous Tree Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

2,085

39,486

41,571

At 31 July 2024

2,085

39,486

41,571

Depreciation

At 1 August 2023

1,672

38,509

40,181

Charge for the year

292

352

644

At 31 July 2024

1,964

38,861

40,825

Carrying amount

At 31 July 2024

121

625

746

At 31 July 2023

413

977

1,390

6

Stocks

2024
£

2023
£

Other inventories

10,012

8,405

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,132

1,132

Director's loan account

91,960

88,085

93,092

89,217

 

Indigenous Tree Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £21,000 (2023 - £27,000).

10

Related party transactions

As at the reporting date the director was owed £91,960 (2023 - £88,085). The loan is interest free, unsecured and with no fixed repayment term.