Company registration number 06623030 (England and Wales)
CHERRY TREE GIFTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CHERRY TREE GIFTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
CHERRY TREE GIFTS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,770
17,027
Investments
4
81
5,477
12,851
22,504
Current assets
Stocks
65,453
70,000
Debtors
5
15,245
21,886
Cash at bank and in hand
75,876
48,607
156,574
140,493
Creditors: amounts falling due within one year
6
(103,557)
(71,537)
Net current assets
53,017
68,956
Total assets less current liabilities
65,868
91,460
Provisions for liabilities
(4,562)
(5,617)
Net assets
61,306
85,843
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
61,106
85,643
Total equity
61,306
85,843

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CHERRY TREE GIFTS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 December 2025 and are signed on its behalf by:
Mr G E Whiteley
Director
Company registration number 06623030 (England and Wales)
CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Cherry Tree Gifts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cumbria Oak and Pine, Station Yard, Plumpton, Penrith, CA11 9PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, to the extent that the company has a right to consideration arising from the performance of its contractual arrangements.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery
- 25% reducing balance
Motor vehicles
- 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
7,207
63,859
71,066
Depreciation and impairment
At 1 April 2024
4,683
49,356
54,039
Depreciation charged in the year
631
3,626
4,257
At 31 March 2025
5,314
52,982
58,296
Carrying amount
At 31 March 2025
1,893
10,877
12,770
At 31 March 2024
2,524
14,503
17,027
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
81
5,477
CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
5,477
Disposals
(5,396)
At 31 March 2025
81
Carrying amount
At 31 March 2025
81
At 31 March 2024
5,477
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
16,977
Other debtors
12,523
1,120
Prepayments and accrued income
2,722
3,789
15,245
21,886
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,240
15,001
Amounts owed to group undertakings
822
-
0
Taxation and social security
96,083
54,312
Other creditors
397
(571)
Accruals and deferred income
3,015
2,795
103,557
71,537
CHERRY TREE GIFTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
80
80
178
80
B Ordinary shares of £1 each
22
22
22
22
C Ordinary shares of £1 each
76
76
-
0
76
D Ordinary shares of £1 each
22
22
-
0
22
200
200
200
200
8
Related party transactions

In accordance with section 33.1A of FRS102, as a wholly owned subsidiary company, the company is not required to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

2025-03-31 2024-04-01 false false false 03 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr G E Whiteley Mr R Whiteley Mrs G M Whiteley Mrs Lucinda Whiteley 2025-12-03 06623030 2024-04-01 2025-03-31 06623030 2025-03-31 06623030 2024-03-31 06623030 core:PlantMachinery 2025-03-31 06623030 core:MotorVehicles 2025-03-31 06623030 core:PlantMachinery 2024-03-31 06623030 core:MotorVehicles 2024-03-31 06623030 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06623030 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06623030 core:CurrentFinancialInstruments 2025-03-31 06623030 core:CurrentFinancialInstruments 2024-03-31 06623030 core:ShareCapital 2025-03-31 06623030 core:ShareCapital 2024-03-31 06623030 core:RetainedEarningsAccumulatedLosses 2025-03-31 06623030 core:RetainedEarningsAccumulatedLosses 2024-03-31 06623030 core:ShareCapitalOrdinaryShareClass2 2025-03-31 06623030 core:ShareCapitalOrdinaryShareClass2 2024-03-31 06623030 core:ShareCapitalOrdinaryShareClass3 2025-03-31 06623030 core:ShareCapitalOrdinaryShareClass3 2024-03-31 06623030 core:ShareCapitalOrdinaryShareClass4 2025-03-31 06623030 core:ShareCapitalOrdinaryShareClass4 2024-03-31 06623030 core:ShareCapitalOrdinaryShareClass5 2025-03-31 06623030 core:ShareCapitalOrdinaryShareClass5 2024-03-31 06623030 core:ShareCapitalOrdinaryShares 2025-03-31 06623030 core:ShareCapitalOrdinaryShares 2024-03-31 06623030 bus:Director1 2024-04-01 2025-03-31 06623030 core:PlantMachinery 2024-04-01 2025-03-31 06623030 core:MotorVehicles 2024-04-01 2025-03-31 06623030 2023-04-01 2024-03-31 06623030 core:PlantMachinery 2024-03-31 06623030 core:MotorVehicles 2024-03-31 06623030 2024-03-31 06623030 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 06623030 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 06623030 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 06623030 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 06623030 bus:OrdinaryShareClass2 2025-03-31 06623030 bus:OrdinaryShareClass2 2024-03-31 06623030 bus:OrdinaryShareClass3 2025-03-31 06623030 bus:OrdinaryShareClass3 2024-03-31 06623030 bus:OrdinaryShareClass4 2025-03-31 06623030 bus:OrdinaryShareClass4 2024-03-31 06623030 bus:OrdinaryShareClass5 2025-03-31 06623030 bus:OrdinaryShareClass5 2024-03-31 06623030 bus:AllOrdinaryShares 2025-03-31 06623030 bus:AllOrdinaryShares 2024-03-31 06623030 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06623030 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06623030 bus:FRS102 2024-04-01 2025-03-31 06623030 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06623030 bus:Director2 2024-04-01 2025-03-31 06623030 bus:Director3 2024-04-01 2025-03-31 06623030 bus:Director4 2024-04-01 2025-03-31 06623030 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP