Silverfin false false 31/12/2024 01/01/2024 31/12/2024 G C S Brooking 19/10/2007 M G Teideman 19/10/2007 17 July 2025 The principal activity of the Company during the financial year was the manufacture and wholesale of food products. 06403718 2024-12-31 06403718 bus:Director1 2024-12-31 06403718 bus:Director2 2024-12-31 06403718 2023-12-31 06403718 core:CurrentFinancialInstruments 2024-12-31 06403718 core:CurrentFinancialInstruments 2023-12-31 06403718 core:Non-currentFinancialInstruments 2024-12-31 06403718 core:Non-currentFinancialInstruments 2023-12-31 06403718 core:ShareCapital 2024-12-31 06403718 core:ShareCapital 2023-12-31 06403718 core:SharePremium 2024-12-31 06403718 core:SharePremium 2023-12-31 06403718 core:CapitalRedemptionReserve 2024-12-31 06403718 core:CapitalRedemptionReserve 2023-12-31 06403718 core:RetainedEarningsAccumulatedLosses 2024-12-31 06403718 core:RetainedEarningsAccumulatedLosses 2023-12-31 06403718 core:OtherResidualIntangibleAssets 2023-12-31 06403718 core:OtherResidualIntangibleAssets 2024-12-31 06403718 core:PlantMachinery 2023-12-31 06403718 core:Vehicles 2023-12-31 06403718 core:FurnitureFittings 2023-12-31 06403718 core:PlantMachinery 2024-12-31 06403718 core:Vehicles 2024-12-31 06403718 core:FurnitureFittings 2024-12-31 06403718 bus:OrdinaryShareClass1 2024-12-31 06403718 core:ShareCapital 2022-12-31 06403718 core:SharePremium 2022-12-31 06403718 core:CapitalRedemptionReserve 2022-12-31 06403718 2024-01-01 2024-12-31 06403718 bus:FilletedAccounts 2024-01-01 2024-12-31 06403718 bus:SmallEntities 2024-01-01 2024-12-31 06403718 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06403718 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06403718 bus:Director1 2024-01-01 2024-12-31 06403718 bus:Director2 2024-01-01 2024-12-31 06403718 core:OtherResidualIntangibleAssets core:BottomRangeValue 2024-01-01 2024-12-31 06403718 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 06403718 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06403718 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 06403718 core:PlantMachinery 2024-01-01 2024-12-31 06403718 core:Vehicles core:TopRangeValue 2024-01-01 2024-12-31 06403718 core:FurnitureFittings 2024-01-01 2024-12-31 06403718 2023-01-01 2023-12-31 06403718 core:Vehicles 2024-01-01 2024-12-31 06403718 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 06403718 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06403718 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06403718 core:ShareCapital 1 2024-01-01 2024-12-31 06403718 core:SharePremium 1 2024-01-01 2024-12-31 06403718 core:CapitalRedemptionReserve 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06403718 (England and Wales)

CHERRY TREE (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CHERRY TREE (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CHERRY TREE (UK) LIMITED

BALANCE SHEET

As at 31 December 2024
CHERRY TREE (UK) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 2,860 0
Tangible assets 4 47,581 66,480
50,441 66,480
Current assets
Stocks 121,654 91,671
Debtors 5 185,294 256,949
Cash at bank and in hand 104,897 124,650
411,845 473,270
Creditors: amounts falling due within one year 6 ( 237,263) ( 353,069)
Net current assets 174,582 120,201
Total assets less current liabilities 225,023 186,681
Creditors: amounts falling due after more than one year 7 ( 68,123) ( 59,654)
Provision for liabilities 8 ( 10,930) ( 15,473)
Net assets 145,970 111,554
Capital and reserves
Called-up share capital 9, 10 38,400 41,600
Share premium account 10 4,400 4,400
Capital redemption reserve 10 3,200 0
Profit and loss account 99,970 65,554
Total shareholders' funds 145,970 111,554

For the financial year ending 31 December 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 Cherry Tree (UK) Limited (registered number: 06403718) were approved and authorised for issue by the Board of Directors on 17 July 2025. They were signed on its behalf by:

G C S Brooking
Director
CHERRY TREE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CHERRY TREE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Cherry Tree (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 38 Martock Business Park, Great Western Road, Martock, TA12 6HB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee 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 (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 1 - 2 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
25 % reducing balance
Vehicles 5 years straight line
Fixtures and fittings 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

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. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 13

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2024 0 0
Additions 5,000 5,000
At 31 December 2024 5,000 5,000
Accumulated amortisation
At 01 January 2024 0 0
Charge for the financial year 2,140 2,140
At 31 December 2024 2,140 2,140
Net book value
At 31 December 2024 2,860 2,860
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2024 237,327 4,000 7,563 248,890
Additions 1,059 0 0 1,059
Disposals ( 6,014) ( 4,000) 0 ( 10,014)
At 31 December 2024 232,372 0 7,563 239,935
Accumulated depreciation
At 01 January 2024 175,778 1,400 5,232 182,410
Charge for the financial year 15,749 667 769 17,185
Disposals ( 5,174) ( 2,067) 0 ( 7,241)
At 31 December 2024 186,353 0 6,001 192,354
Net book value
At 31 December 2024 46,019 0 1,562 47,581
At 31 December 2023 61,549 2,600 2,331 66,480

5. Debtors

2024 2023
£ £
Trade debtors 160,745 214,238
Other debtors 24,549 42,711
185,294 256,949

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 33,763 164,219
Trade creditors 97,652 111,724
Amounts owed to directors 357 6,135
Accruals 64,223 54,795
Corporation tax 31,398 37
Other taxation and social security 0 6,647
Obligations under finance leases and hire purchase contracts (secured) 7,767 7,767
Other creditors 2,103 1,745
237,263 353,069

The obligations under finance leases and hire purchase contracts are secured on the underlying assets which are included within plant & machinery . The net book value of the relevant assets at the balance sheet date is £28,173 (2023 £37,564)

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

2024 2023
£ £
Bank loans 0 33,763
Amounts owed to directors 50,000 0
Obligations under finance leases and hire purchase contracts 18,123 25,891
68,123 59,654

8. Provision for liabilities

2024 2023
£ £
Deferred tax 10,930 15,473

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
38,400 Ordinary shares of £ 1.00 each (2023: 41,600 shares of £ 1.00 each) 38,400 41,600

10. Changes in equity

Called-up share capital Share premium account Capital redemption reserve
£ £ £
At 01 January 2024 41,600 4,400 0
Repurchase of share capital ( 3,200) 0 3,200
At 31 December 2024 38,400 4,400 3,200
At 01 January 2023 41,600 4,400 0
At 31 December 2023 41,600 4,400 0

During the year, 3,200 shares were repurchased by the company.