Silverfin false false 30/11/2024 01/12/2023 30/11/2024 G Brown 26/07/2018 S Brown 26/07/2018 22 May 2025 The principal activity of the Company during the financial year continued to be that of silviculture and other forestry activities. SC603696 2024-11-30 SC603696 bus:Director1 2024-11-30 SC603696 bus:Director2 2024-11-30 SC603696 2023-11-30 SC603696 core:CurrentFinancialInstruments 2024-11-30 SC603696 core:CurrentFinancialInstruments 2023-11-30 SC603696 core:Non-currentFinancialInstruments 2024-11-30 SC603696 core:Non-currentFinancialInstruments 2023-11-30 SC603696 core:ShareCapital 2024-11-30 SC603696 core:ShareCapital 2023-11-30 SC603696 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC603696 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC603696 core:FurnitureFittings 2023-11-30 SC603696 core:OfficeEquipment 2023-11-30 SC603696 core:FurnitureFittings 2024-11-30 SC603696 core:OfficeEquipment 2024-11-30 SC603696 core:DeferredTaxation 2023-11-30 SC603696 core:DeferredTaxation 2024-11-30 SC603696 core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 SC603696 core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 SC603696 core:OtherDeferredTax 2024-11-30 SC603696 core:OtherDeferredTax 2023-11-30 SC603696 bus:OrdinaryShareClass1 2024-11-30 SC603696 bus:OrdinaryShareClass2 2024-11-30 SC603696 core:WithinOneYear 2024-11-30 SC603696 core:WithinOneYear 2023-11-30 SC603696 core:BetweenOneFiveYears 2024-11-30 SC603696 core:BetweenOneFiveYears 2023-11-30 SC603696 2023-12-01 2024-11-30 SC603696 bus:FilletedAccounts 2023-12-01 2024-11-30 SC603696 bus:SmallEntities 2023-12-01 2024-11-30 SC603696 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC603696 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC603696 bus:Director1 2023-12-01 2024-11-30 SC603696 bus:Director2 2023-12-01 2024-11-30 SC603696 core:FurnitureFittings core:TopRangeValue 2023-12-01 2024-11-30 SC603696 core:OfficeEquipment core:BottomRangeValue 2023-12-01 2024-11-30 SC603696 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 SC603696 2022-12-01 2023-11-30 SC603696 core:FurnitureFittings 2023-12-01 2024-11-30 SC603696 core:OfficeEquipment 2023-12-01 2024-11-30 SC603696 core:CurrentFinancialInstruments 2023-12-01 2024-11-30 SC603696 core:Non-currentFinancialInstruments 2023-12-01 2024-11-30 SC603696 core:DeferredTaxation 2023-12-01 2024-11-30 SC603696 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC603696 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC603696 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 SC603696 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC603696 (Scotland)

TREESTORY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

TREESTORY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

TREESTORY LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
TREESTORY LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 20,568 20,057
20,568 20,057
Current assets
Stocks 33,540 16,006
Debtors 4 281,921 187,082
Cash at bank and in hand 3,406 1,922
318,867 205,010
Creditors: amounts falling due within one year 5 ( 310,532) ( 194,013)
Net current assets 8,335 10,997
Total assets less current liabilities 28,903 31,054
Creditors: amounts falling due after more than one year 6 ( 6,404) ( 14,941)
Provision for liabilities 7 ( 4,549) ( 5,014)
Net assets 17,950 11,099
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 17,850 10,999
Total shareholders' funds 17,950 11,099

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of TreeStory Limited (registered number: SC603696) were approved and authorised for issue by the Board of Directors on 22 May 2025. They were signed on its behalf by:

G Brown
Director
TREESTORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
TREESTORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TreeStory Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 38 Dean Park Mews, Edinburgh, EH4 1ED, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Revenue from contracts for the provision of silviculture and forestry services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Office equipment 3 - 5 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Work in progress represents the costs associated with services delivered to customers still ongoing at the year-end. Cost comprises direct materials, and, where applicable, direct labour costs and those overheads that have been incurred in completing the services.

Stocks of books comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to its current location

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 19 13

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 December 2023 1,975 55,628 57,603
Additions 1,187 12,948 14,135
At 30 November 2024 3,162 68,576 71,738
Accumulated depreciation
At 01 December 2023 1,195 36,351 37,546
Charge for the financial year 684 12,940 13,624
At 30 November 2024 1,879 49,291 51,170
Net book value
At 30 November 2024 1,283 19,285 20,568
At 30 November 2023 780 19,277 20,057
Leased assets included above:
Net book value
At 30 November 2024 0 10,872 10,872
At 30 November 2023 0 10,502 10,502

4. Debtors

2024 2023
£ £
Trade debtors 158,975 94,592
Corporation tax 26,541 20,452
Other debtors 96,405 72,038
281,921 187,082

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,550 7,720
Trade creditors 100,544 13,431
Taxation and social security 139,735 79,613
Obligations under finance leases and hire purchase contracts 7,114 0
Other creditors 55,589 93,249
310,532 194,013

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 6,404 13,274
Other creditors 0 1,667
6,404 14,941

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

2024 2023
£ £
Deferred tax 4,549 5,014
Deferred taxation Total
£ £
At 01 December 2023 5,014 5,014
Credited to the Profit and Loss Account ( 465) ( 465)
At 30 November 2024 4,549 4,549

Deferred tax

2024 2023
£ £
Accelerated capital allowances 5,142 5,014
Other timing differences ( 593) 0
Provision for deferred tax 4,549 5,014

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each 50 50
50 B ordinary shares of £ 1.00 each 50 50
100 100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 6,807 23,331
between one and five years 0 902
6,807 24,233

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director's loan account 80,094 62,052

Advances have been granted by the company to the directors as follows: Opening balance of £62,052 with a total of £184,617 advanced, interest charged at a rate of 2.25% totalling £1,968 and £168,543 repaid, leaving a closing balance of £80,094 at 30 November 2024. The balance is repayable on demand by the company.