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REGISTERED NUMBER: 12162263 (England and Wales)
















TREE RESOURCE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






TREE RESOURCE LIMITED (REGISTERED NUMBER: 12162263)







CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




TREE RESOURCE LIMITED


COMPANY INFORMATION

for the Year Ended 30 September 2024









DIRECTOR:

Ms A T Oliveira







REGISTERED OFFICE:

Hatherley Cottage


Cold Ashton


Chippenham


Wiltshire


SN14 8JU







REGISTERED NUMBER:

12162263 (England and Wales)







ACCOUNTANT:

Clear Vision Accountancy Limited


1 Abacus House


Newlands Road


Corsham


Wiltshire


SN13 0BH


TREE RESOURCE LIMITED (REGISTERED NUMBER: 12162263)


BALANCE SHEET

30 September 2024



30/9/24

30/9/23



Notes

£   

£   

£   


FIXED ASSETS

Tangible assets

4

8,032


-




CURRENT ASSETS

Debtors

5

337,922


334,678



Cash at bank

101,831


91,764



439,753


426,442



CREDITORS

Amounts falling due within one year

6

326,695


257,815



NET CURRENT ASSETS

113,058


168,627



TOTAL ASSETS LESS CURRENT

LIABILITIES

121,090


168,627




CREDITORS

Amounts falling due after more than one

year

7

(2,833

)

(6,742

)



PROVISIONS FOR LIABILITIES

(572

)

-



NET ASSETS

117,685


161,885




CAPITAL AND RESERVES

Called up share capital

100


100



Retained earnings

117,585


161,785



117,685


161,885




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 her 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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:






Ms A T Oliveira - Director



TREE RESOURCE LIMITED (REGISTERED NUMBER: 12162263)


NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2024


1.

STATUTORY INFORMATION



Tree Resource Limited is a private company, limited by shares , registered in England and Wales. 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.  


Plant and machinery

-

15% on reducing balance


Computer equipment

-

33% on cost



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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


The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 8 (2023 - 5 ) .


TREE RESOURCE LIMITED (REGISTERED NUMBER: 12162263)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2024


4.

TANGIBLE FIXED ASSETS


Plant and


Computer



machinery


equipment


Totals

£   

£   

£   



COST


Additions

5,604


3,709


9,313




At 30 September 2024

5,604


3,709


9,313




DEPRECIATION


Charge for year

455


826


1,281




At 30 September 2024

455


826


1,281




NET BOOK VALUE


At 30 September 2024

5,149


2,883


8,032




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30/9/24


30/9/23

£   

£   



Trade debtors

91,152


177,195




Amounts owed by group undertakings

24,528


-




Amounts owed by associates

13,902


-




Other debtors

49,395


6,082




Charles Norton Loan Account

73,818


-




Directors' current accounts

69,976


132,407




Prepayments and accrued income

15,151


18,994



337,922


334,678




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30/9/24


30/9/23

£   

£   



Bank loans and overdrafts

4,250


4,591




Other loans

12,000


-




Trade creditors

33,311


21,980




Amounts owed to group undertakings

-


20,512




Tax

137,298


67,791




Social security and other taxes

2,611


1,201




VAT

70,729


67,281




Other creditors

54,446


-




Accruals and deferred income

12,050


74,459



326,695


257,815




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR



30/9/24


30/9/23

£   

£   



Bank loans - 1-2 years

2,833


-




Bank loans more 5 yr by instal

-


6,742



2,833


6,742





Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

-


6,742




TREE RESOURCE LIMITED (REGISTERED NUMBER: 12162263)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2024


8.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:



30/9/24


30/9/23

£   

£   



Ms A T Oliveira and C Noton


Balance outstanding at start of year

132,406


101,584




Amounts advanced

83,263


133,210




Amounts repaid

(215,669

)

(102,388

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

-


132,406





Ms A T Oliveira


Balance outstanding at start of year

-


-




Amounts advanced

70,327


-




Amounts repaid

(351

)

-




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

69,976


-




The Directors Loan account was overdrawn at the year end and is included in debtors. The maximum amount owed during the year was £190,865.

There are no fixed repayment terms or rates of interest.

9.

RELATED PARTY DISCLOSURES



Included in the accounts is an intercompany debit balance from Tree Source Limited of £24,528 (2023: £20,512 credit balance), a company which Mr C Noton is a director and shareholder.



Tree Source Limited was put into liquidation by the director on 4 September 2024.



Included in Associate Companies is a debit balance from Forest Wild Trees Limited of £13,902, a company which Ms A T Oliveria is the sole director and shareholder.



Mr C Noton owes £73,817.80 to the company at the year end.



There are no fixed repayment terms or interest rates.


10.

SIGNIFICANT EVENT



During the year the company believes it has been a victim of fraud.



An amount has been included in debtors and the company is seeking legal advice on damages. No provision for the loss of this amount has currently been made in the accounts, as the case is ongoing.