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Registered number: 05455888
Tree Craft Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05455888
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 602,699 486,815
602,699 486,815
CURRENT ASSETS
Stocks 5 58,381 18,320
Debtors 6 117,512 110,407
Cash at bank and in hand 619 10,901
176,512 139,628
Creditors: Amounts Falling Due Within One Year 7 (289,788 ) (224,629 )
NET CURRENT ASSETS (LIABILITIES) (113,276 ) (85,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 489,423 401,814
Creditors: Amounts Falling Due After More Than One Year 8 (238,883 ) (207,874 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,521 ) (79,998 )
NET ASSETS 166,019 113,942
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 165,719 113,642
SHAREHOLDERS' FUNDS 166,019 113,942
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Arnold
Director
Mr R Coombs
Director
13/01/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tree Craft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05455888 . The registered office is Unit 16 Hillside Farm, Rushmore Hill, Knockholt, Sevenoaks, Kent, TN14 7NL.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10 years straight line
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2024: 21)
23 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2024 150,688 500,356 121,929 62,072
Additions 25,899 209,854 - -
Disposals - (28,165 ) (12,995 ) -
As at 31 May 2025 176,587 682,045 108,934 62,072
Depreciation
As at 1 June 2024 - 252,607 76,482 25,627
Provided during the period - 92,945 11,362 5,050
Disposals - (18,228 ) (12,447 ) -
As at 31 May 2025 - 327,324 75,397 30,677
Net Book Value
As at 31 May 2025 176,587 354,721 33,537 31,395
As at 1 June 2024 150,688 247,749 45,447 36,445
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 June 2024 20,518 855,563
Additions 1,705 237,458
Disposals - (41,160 )
As at 31 May 2025 22,223 1,051,861
Depreciation
As at 1 June 2024 14,032 368,748
Provided during the period 1,732 111,089
Disposals - (30,675 )
As at 31 May 2025 15,764 449,162
Net Book Value
As at 31 May 2025 6,459 602,699
As at 1 June 2024 6,486 486,815
5. Stocks
2025 2024
£ £
Materials 15,000 15,000
Work in progress 43,381 3,320
58,381 18,320
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 86,892 95,812
Other debtors 30,620 14,595
117,512 110,407
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 65,797 57,197
Trade creditors 42,724 13,616
Bank loans and overdrafts 25,857 9,596
Other loans 25,692 23,256
Other creditors 23,195 20,799
Taxation and social security 106,523 100,165
289,788 224,629
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 216,517 154,614
Bank loans 22,366 27,568
Other loans - 25,692
238,883 207,874
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,797 57,197
Later than one year and not later than five years 216,517 154,614
282,314 211,811
282,314 211,811
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
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