REGISTERED NUMBER: SC384783 (Scotland)

Forres Tree Services Ltd

Financial Statements For The Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

A G Sills

SECRETARY:

Mrs Z Sills

REGISTERED OFFICE:

Park House Centre

South Street

Elgin

Moray

IV30 1JB

REGISTERED NUMBER:

SC384783 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

280,924

286,258

Investments

5

50

50

280,974

286,308

CURRENT ASSETS

Stocks

6,873

9,297

Debtors

6

30,805

39,609

Cash at bank and in hand

61,228

47,901

98,906

96,807

CREDITORS

Amounts falling due within one year

7

95,044

90,091

NET CURRENT ASSETS

3,862

6,716

TOTAL ASSETS LESS CURRENT LIABILITIES

284,836

293,024

CREDITORS

Amounts falling due after more than one year

8

(123,266

)

(151,419

)

PROVISIONS FOR LIABILITIES

9

(45,233

)

(37,422

)

NET ASSETS

116,337

104,183

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

11

116,333

104,179

SHAREHOLDERS' FUNDS

116,337

104,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:

A G Sills - Director

1.	STATUTORY INFORMATION

Forres Tree Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

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

Taxation

Taxation for the year 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 October 2023

418,568

Additions

39,840

At 30 September 2024

458,408

DEPRECIATION

At 1 October 2023

132,310

Charge for year

45,174

At 30 September 2024

177,484

NET BOOK VALUE

At 30 September 2024

280,924

At 30 September 2023

286,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment

£

COST

At 1 October 2023

278,580

Additions

32,490

Transfer to ownership

(20,755

)

At 30 September 2024

290,315

DEPRECIATION

At 1 October 2023

69,552

Charge for year

33,512

Transfer to ownership

(10,874

)

At 30 September 2024

92,190

NET BOOK VALUE

At 30 September 2024

198,125

At 30 September 2023

209,028

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2023

and 30 September 2024

50

NET BOOK VALUE

At 30 September 2024

50

At 30 September 2023

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

26,436

35,605

Other debtors

4,369

4,004

30,805

39,609

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,311

10,056

Hire purchase contracts

41,804

39,138

Trade creditors

6,341

5,686

Taxation and social security

19,207

17,618

Other creditors

17,381

17,593

95,044

90,091

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

7,905

18,217

Hire purchase contracts

115,361

133,202

123,266

151,419

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

3,217

9.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

£

Deferred tax

45,233

37,422

Deferred

tax

£

Balance at 1 October 2023

37,422

Provided during year

7,811

Balance at 30 September 2024

45,233

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

4

Ordinary

£1

4

4

11.

RESERVES

Retained

earnings

£

At 1 October 2023

104,179

Profit for the year

33,304

Dividends

(21,150

)

At 30 September 2024

116,333

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,575 (2023 - £11,725) were paid to the director .

A G Sills

is a director in the company

A loan has been given to the company by the director. No interest is charged and no repayment terms have been agreed.

30.9.24

30.9.23

£

£

Amount due to related party at the balance sheet date

2,515

2,184

13.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of A G Sills and Z Sills.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forres Tree Services Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Forres Tree Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forres Tree Services Ltd and state those matters that we have agreed to state to the director of Forres Tree Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forres Tree Services Ltd and its director for our work or for this report.

It is your duty to ensure that Forres Tree Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forres Tree Services Ltd. You consider that Forres Tree Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forres Tree Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

4 April 2025