Registered number
07096589
Root and Branch (Training) Limited
Report and Unaudited Accounts
31 December 2024
Root and Branch (Training) Limited
Registered number: 07096589
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,071 6,332
Current assets
Debtors 5 15,010 12,573
Cash at bank and in hand 4,965 3,624
19,975 16,197
Creditors: amounts falling due within one year 6 (10,944) (11,071)
Net current assets 9,031 5,126
Total assets less current liabilities 15,102 11,458
Provisions for liabilities (1,153) (1,203)
Net assets 13,949 10,255
Capital and reserves
Called up share capital 20 20
Profit and loss account 13,929 10,235
Shareholder's funds 13,949 10,255
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D J Clarke
Director
Approved by the board on 25 July 2025
Root and Branch (Training) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 10,000
At 31 December 2024 10,000
Amortisation
At 1 January 2024 10,000
At 31 December 2024 10,000
Net book value
At 31 December 2024 -
Goodwill was reviewed in 2015 and its estimated economic life was reduced to seven years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 18,087 10,000 28,087
Additions 2,389 - 2,389
At 31 December 2024 20,476 10,000 30,476
Depreciation
At 1 January 2024 12,306 9,449 21,755
Charge for the year 2,513 137 2,650
At 31 December 2024 14,819 9,586 24,405
Net book value
At 31 December 2024 5,657 414 6,071
At 31 December 2023 5,781 551 6,332
5 Debtors 2024 2023
£ £
Trade debtors 1,352 2,505
Other debtors 13,658 10,068
15,010 12,573
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 283 1,059
Other taxes and social security costs 1,233 585
Other creditors 9,428 9,427
10,944 11,071
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D J Clarke
Loan interest free and repayable on demand 8,380 72,176 (68,424) 12,132
8,380 72,176 (68,424) 12,132
8 Other information
Root and Branch (Training) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
Root and Branch (Training) Limited 07096589 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Mr D J Clarke No description of principal activity 07096589 2023-01-01 2023-12-31 07096589 core:WithinOneYear 2023-12-31 07096589 core:ShareCapital 2023-12-31 07096589 core:RetainedEarningsAccumulatedLosses 2023-12-31 07096589 2024-01-01 2024-12-31 07096589 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07096589 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07096589 bus:Director40 2024-01-01 2024-12-31 07096589 1 2024-01-01 2024-12-31 07096589 core:PlantMachinery 2024-01-01 2024-12-31 07096589 core:Vehicles 2024-01-01 2024-12-31 07096589 bus:Director1 2024-01-01 2024-12-31 07096589 bus:Director1 1 2024-01-01 2024-12-31 07096589 countries:England 2024-01-01 2024-12-31 07096589 bus:FRS102 2024-01-01 2024-12-31 07096589 bus:FilletedAccounts 2024-01-01 2024-12-31 07096589 2024-12-31 07096589 core:WithinOneYear 2024-12-31 07096589 core:ShareCapital 2024-12-31 07096589 core:RetainedEarningsAccumulatedLosses 2024-12-31 07096589 core:Goodwill 2024-12-31 07096589 core:PlantMachinery 2024-12-31 07096589 core:Vehicles 2024-12-31 07096589 bus:Director1 1 2024-12-31 07096589 2023-12-31 07096589 core:Goodwill 2023-12-31 07096589 core:PlantMachinery 2023-12-31 07096589 core:Vehicles 2023-12-31 07096589 bus:Director1 1 2023-12-31 iso4217:GBP xbrli:pure