Company Registration No. SC556620 (Scotland)
K.B. Trees & Hedges Ltd
Unaudited accounts
for the year ended 31 January 2025
K.B. Trees & Hedges Ltd
Unaudited accounts
Contents
K.B. Trees & Hedges Ltd
Company Information
for the year ended 31 January 2025
Company Number
SC556620 (Scotland)
Registered Office
47 Churchill Drive
Bridge Of Allan
Stirling
Stirlingshire
FK9 4TJ
Scotland
Accountants
Robertson's Tax & Accounting Services Ltd
23 High Street
Dunblane
Stirling
FK15 0EE
K.B. Trees & Hedges Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
99,833
44,919
Cash at bank and in hand
108,673
79,597
Creditors: amounts falling due within one year
(46,778)
(45,229)
Net current assets
102,623
80,681
Total assets less current liabilities
202,456
125,600
Creditors: amounts falling due after more than one year
(12,831)
-
Provisions for liabilities
Deferred tax
(24,958)
(10,615)
Net assets
164,667
114,985
Called up share capital
100
100
Profit and loss account
164,567
114,885
Shareholders' funds
164,667
114,985
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
Kirk Bryson
Director
Company Registration No. SC556620
K.B. Trees & Hedges Ltd
Notes to the Accounts
for the year ended 31 January 2025
K.B. Trees & Hedges Ltd is a private company, limited by shares, registered in Scotland, registration number SC556620. The registered office is 47 Churchill Drive, Bridge Of Allan, Stirling, Stirlingshire, FK9 4TJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
K.B. Trees & Hedges Ltd
Notes to the Accounts
for the year ended 31 January 2025
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes
recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 accounts. 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.
Provisions for Liabilities
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined Contribution Pension Plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
K.B. Trees & Hedges Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
95,685
114,659
1,344
211,688
Additions
27,518
91,431
-
118,949
At 31 January 2025
123,203
206,090
1,344
330,637
At 1 February 2024
65,619
99,968
1,182
166,769
Charge for the year
27,825
36,048
162
64,035
At 31 January 2025
93,444
136,016
1,344
230,804
At 31 January 2025
29,759
70,074
-
99,833
At 31 January 2024
30,066
14,691
162
44,919
Amounts falling due within one year
Trade debtors
26,811
28,116
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
10,998
1,198
Taxes and social security
14,311
28,398
Loans from directors
4,045
-
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,831
-
8
Average number of employees
During the year the average number of employees was 13 (2024: 11).