REGISTERED NUMBER: 10116535 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PITTMAN TREES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J M Pittman

REGISTERED OFFICE:

3 California Cross

Modbury

Ivybridge

Devon

PL21 0SG

REGISTERED NUMBER:

10116535 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Tangible assets

4

224,664

188,902

CURRENT ASSETS

Stocks

5

1,685

1,500

Debtors

6

40,744

35,981

Cash at bank and in hand

12,922

23,248

55,351

60,729

CREDITORS

Amounts falling due within one year

7

45,006

36,575

NET CURRENT ASSETS

10,345

24,154

TOTAL ASSETS LESS CURRENT LIABILITIES

235,009

213,056

CREDITORS

Amounts falling due after more than one year

8

(85,126

)

(75,416

)

PROVISIONS FOR LIABILITIES

(24,063

)

(24,063

)

NET ASSETS

125,820

113,577

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

125,320

113,077

SHAREHOLDERS' FUNDS

125,820

113,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

Mr J M Pittman - Director

1.	STATUTORY INFORMATION

Pittman Trees Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 May 2024

68,128

187,142

10,874

Additions

13,967

-

-

Disposals

-

-

-

At 30 April 2025

82,095

187,142

10,874

DEPRECIATION

At 1 May 2024

-

93,849

2,243

Charge for year

-

13,994

1,295

Eliminated on disposal

-

-

-

At 30 April 2025

-

107,843

3,538

NET BOOK VALUE

At 30 April 2025

82,095

79,299

7,336

At 30 April 2024

68,128

93,293

8,631

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

49,284

2,256

317,684

Additions

57,320

91

71,378

Disposals

(20,294

)

-

(20,294

)

At 30 April 2025

86,310

2,347

368,768

DEPRECIATION

At 1 May 2024

31,552

1,138

128,782

Charge for year

18,407

496

34,192

Eliminated on disposal

(18,870

)

-

(18,870

)

At 30 April 2025

31,089

1,634

144,104

NET BOOK VALUE

At 30 April 2025

55,221

713

224,664

At 30 April 2024

17,732

1,118

188,902

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

74,750

-

74,750

Additions

-

57,320

57,320

At 30 April 2025

74,750

57,320

132,070

DEPRECIATION

At 1 May 2024

28,844

-

28,844

Charge for year

6,886

14,330

21,216

At 30 April 2025

35,730

14,330

50,060

NET BOOK VALUE

At 30 April 2025

39,020

42,990

82,010

At 30 April 2024

45,906

-

45,906

5.

STOCKS

2025

2024

£

£

Stocks

1,685

1,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,928

32,003

Amounts recoverable on contract

1,800

1,500

Directors' current accounts

16

2,478

40,744

35,981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,729

7,573

Hire purchase contracts

16,915

14,243

Trade creditors

2,255

2,193

Tax

1,656

6,564

Social security and other taxes

1,045

1,039

VAT

3,033

4,555

Other creditors

14,373

408

45,006

36,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

26,446

30,277

Hire purchase contracts

58,680

45,139

85,126

75,416

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr J M Pittman

Balance outstanding at start of year

2,478

(1,290

)

Amounts advanced

16,538

4,768

Amounts repaid

(19,000

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16

2,478

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 were paid to the director .

Loans are unsecured, interest free and repayable on demand.

11.	BOUNCE BACK LOAN

The company has borrowings of £17,808 (2024 £21,011) under the bounce back loan scheme which is 100% guaranteed by the government. The loan has a term agreed until June 2029.