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Company Registration No. 11207233 (England and Wales)
Tree Toys (UK) Limited Unaudited accounts for the year ended 28 February 2025
Tree Toys (UK) Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Tree Toys (UK) Limited Company Information for the year ended 28 February 2025
Directors
Crystal Callaghan Dennis Callaghan
Company Number
11207233 (England and Wales)
Registered Office
Flat 4 Oakman House Tilford Gardens London SW19 6EP United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Tree Toys (UK) Limited Accountants' report
Accountants' report to the board of directors of Tree Toys (UK) Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tree Toys (UK) Limited for the year ended 28 February 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tree Toys (UK) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tree Toys (UK) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tree Toys (UK) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tree Toys (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tree Toys (UK) Limited. You consider that Tree Toys (UK) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tree Toys (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 8 September 2025
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Tree Toys (UK) Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
176,380
220,476
Current assets
Inventories
67,727
102,704
Debtors
5
120,838
71,002
Cash at bank and in hand
14,429
6,195
202,994
179,901
Creditors: amounts falling due within one year
6
(228,380)
(158,045)
Net current (liabilities)/assets
(25,386)
21,856
Total assets less current liabilities
150,994
242,332
Creditors: amounts falling due after more than one year
7
(623,776)
(613,354)
Net liabilities
(472,782)
(371,022)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
(472,882)
(371,122)
Shareholders' funds
(472,782)
(371,022)
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Dennis Callaghan Director Company Registration No. 11207233
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Tree Toys (UK) Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Tree Toys (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 11207233. The registered office is Flat 4, Oakman House, Tilford Gardens, London, SW19 6EP, United Kingdom.
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.
3
Accounting policies
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
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.
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Tree Toys (UK) Limited Notes to the Accounts for the year ended 28 February 2025
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:
Land & buildings
11% Straight Line
Inventories
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.
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.
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.
Trade creditor
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.
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Tree Toys (UK) Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
396,860
At 28 February 2025
396,860
Depreciation
At 1 March 2024
176,384
Charge for the year
44,096
At 28 February 2025
220,480
Net book value
At 28 February 2025
176,380
At 29 February 2024
220,476
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
12,807
8,148
Trade debtors
102,680
57,268
Other debtors
5,351
5,586
120,838
71,002
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
200,236
129,901
Loans from directors
28,144
28,144
228,380
158,045
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
623,776
613,354
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Controlling party
There is no ultimate controlling party.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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