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REGISTERED NUMBER: 05941442 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Terptree Ltd

Terptree Ltd (Registered number: 05941442)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Terptree Ltd

Company Information
for the year ended 31 August 2024







DIRECTOR: Mrs V E Williams





REGISTERED OFFICE: 483 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 05941442 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Terptree Ltd (Registered number: 05941442)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 24,000
Tangible assets 5 20,861 26,955
38,861 50,955

CURRENT ASSETS
Debtors 6 85,717 94,834
Cash at bank and in hand 28,187 13,189
113,904 108,023
CREDITORS
Amounts falling due within one year 7 200,530 191,117
NET CURRENT LIABILITIES (86,626 ) (83,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,765

)

(32,139

)

CREDITORS
Amounts falling due after more than one
year

8

128,786

76,646
NET LIABILITIES (176,551 ) (108,785 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (176,651 ) (108,885 )
(176,551 ) (108,785 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Terptree Ltd (Registered number: 05941442)

Balance Sheet - continued
31 August 2024


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 7 May 2025 and were signed by:





Mrs V E Williams - Director


Terptree Ltd (Registered number: 05941442)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Terptree Ltd 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.

The director considers that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


Terptree Ltd (Registered number: 05941442)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023 6,000
Charge for year 6,000
At 31 August 2024 12,000
NET BOOK VALUE
At 31 August 2024 18,000
At 31 August 2023 24,000

Terptree Ltd (Registered number: 05941442)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 11,542 33,190 6,591 51,323
Additions 397 - 243 640
At 31 August 2024 11,939 33,190 6,834 51,963
DEPRECIATION
At 1 September 2023 11,206 8,298 4,864 24,368
Charge for year 132 6,223 379 6,734
At 31 August 2024 11,338 14,521 5,243 31,102
NET BOOK VALUE
At 31 August 2024 601 18,669 1,591 20,861
At 31 August 2023 336 24,892 1,727 26,955

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 33,190
DEPRECIATION
At 1 September 2023 8,298
Charge for year 6,223
At 31 August 2024 14,521
NET BOOK VALUE
At 31 August 2024 18,669
At 31 August 2023 24,892

Terptree Ltd (Registered number: 05941442)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,688 54,482
Other debtors 60,029 40,352
85,717 94,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,307 54,625
Hire purchase contracts 5,372 4,754
Trade creditors 15,779 42,244
Taxation and social security 113,077 86,201
Other creditors 1,995 3,293
200,530 191,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 112,097 54,585
Hire purchase contracts 16,689 22,061
128,786 76,646

9. RELATED PARTY DISCLOSURES

Included within debtors: amounts falling due within one year is a director's current account in the sum of £3,415 (2023: £3,616). The account is unsecured, accrues interest at HM Revenue & Customs official rate and is repayable upon demand.