3 3 Glenburn Tree Services Limited NI682595 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is silviculture and other forestry activities. Digita Accounts Production Advanced 6.30.9574.0 true NI682595 2023-11-01 2024-10-31 NI682595 2024-10-31 NI682595 bus:Director1 1 2024-10-31 NI682595 bus:Director2 1 2024-10-31 NI682595 bus:Director3 1 2024-10-31 NI682595 bus:OrdinaryShareClass1 2024-10-31 NI682595 bus:OrdinaryShareClass2 2024-10-31 NI682595 bus:OrdinaryShareClass3 2024-10-31 NI682595 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 NI682595 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 NI682595 core:CurrentFinancialInstruments 2024-10-31 NI682595 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 NI682595 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 NI682595 core:MotorVehicles 2024-10-31 NI682595 core:PlantMachinery 2024-10-31 NI682595 bus:SmallEntities 2023-11-01 2024-10-31 NI682595 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 NI682595 bus:FilletedAccounts 2023-11-01 2024-10-31 NI682595 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI682595 bus:RegisteredOffice 2023-11-01 2024-10-31 NI682595 bus:Director1 2023-11-01 2024-10-31 NI682595 bus:Director1 1 2023-11-01 2024-10-31 NI682595 bus:Director2 2023-11-01 2024-10-31 NI682595 bus:Director2 1 2023-11-01 2024-10-31 NI682595 bus:Director3 2023-11-01 2024-10-31 NI682595 bus:Director3 1 2023-11-01 2024-10-31 NI682595 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 NI682595 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 NI682595 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 NI682595 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI682595 core:MotorVehicles 2023-11-01 2024-10-31 NI682595 core:OfficeEquipment 2023-11-01 2024-10-31 NI682595 core:PlantMachinery 2023-11-01 2024-10-31 NI682595 countries:NorthernIreland 2023-11-01 2024-10-31 NI682595 2023-10-31 NI682595 bus:Director1 1 2023-10-31 NI682595 bus:Director2 1 2023-10-31 NI682595 bus:Director3 1 2023-10-31 NI682595 core:MotorVehicles 2023-10-31 NI682595 core:PlantMachinery 2023-10-31 NI682595 2022-10-01 2023-10-31 NI682595 2023-10-31 NI682595 bus:OrdinaryShareClass1 2023-10-31 NI682595 bus:OrdinaryShareClass2 2023-10-31 NI682595 bus:OrdinaryShareClass3 2023-10-31 NI682595 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 NI682595 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 NI682595 core:CurrentFinancialInstruments 2023-10-31 NI682595 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 NI682595 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 NI682595 core:MotorVehicles 2023-10-31 NI682595 core:PlantMachinery 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI682595

Glenburn Tree Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Glenburn Tree Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Glenburn Tree Services Limited

(Registration number: NI682595)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

50,558

68,517

Current assets

 

Debtors

5

15,246

9,185

Cash at bank and in hand

 

18,989

10,751

 

34,235

19,936

Creditors: Amounts falling due within one year

6

(65,868)

(61,760)

Net current liabilities

 

(31,633)

(41,824)

Total assets less current liabilities

 

18,925

26,693

Creditors: Amounts falling due after more than one year

6

(3,856)

(11,027)

Provisions for liabilities

(12,721)

(13,018)

Net assets

 

2,348

2,648

Capital and reserves

 

Called up share capital

7

30

30

Retained earnings

2,318

2,618

Shareholders' funds

 

2,348

2,648

For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

 

Glenburn Tree Services Limited

(Registration number: NI682595)
Balance Sheet as at 31 October 2024

.........................................
Donald Wilson
Director

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
33 Killinchy Road
Comber
County Down
BT23 5LU
United Kingdom

The presentation currency is £ Sterling.
The level of rounding is to the nearest £.

These financial statements were authorised for issue by the Board on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% Straight Line

Plant and machinery

20% Straight Line

Office Equipment

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

41,296

48,500

89,796

At 31 October 2024

41,296

48,500

89,796

Depreciation

At 1 November 2023

5,737

15,542

21,279

Charge for the year

8,259

9,700

17,959

At 31 October 2024

13,996

25,242

39,238

Carrying amount

At 31 October 2024

27,300

23,258

50,558

At 31 October 2023

35,559

32,958

68,517

5

Debtors

Current

2024
£

2023
£

Trade debtors

15,246

9,185

 

15,246

9,185

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,172

6,530

Trade creditors

 

608

702

Taxation and social security

 

32,349

16,804

Accruals and deferred income

 

1,870

1,700

Other creditors

 

23,869

36,024

 

65,868

61,760

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

10

10

10

10

Ordinary B Shares of £1 each

10

10

10

10

Ordinary C Shares of £1 each

10

10

10

10

30

30

30

30

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

3,856

11,027

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

7,172

6,530

 

Glenburn Tree Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Donald Wilson

(5,258)

36,325

(32,254)

(1,187)

Fergus Wilson

(25,878)

36,901

(32,721)

(21,698)

Ian Barr

(4,888)

35,428

(31,525)

(985)