REGISTERED NUMBER: NI653344 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

S P R McGowan Tree Services Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S P McGowan

REGISTERED OFFICE:

83A Ballystrudder Road

Islandmagee

Larne

Co. Antrim

BT40 3SJ

REGISTERED NUMBER:

NI653344 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

4

1,988,977

1,600,697

CURRENT ASSETS

Stocks

50,885

38,415

Debtors

5

538,775

381,518

Cash at bank and in hand

34,423

47,359

624,083

467,292

CREDITORS

Amounts falling due within one year

6

1,121,242

1,162,157

NET CURRENT LIABILITIES

(497,159

)

(694,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,491,818

905,832

CREDITORS

Amounts falling due after more than one year

7

(414,005

)

(289,484

)

PROVISIONS FOR LIABILITIES

(497,244

)

(400,174

)

NET ASSETS

580,569

216,174

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

580,568

216,173

580,569

216,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

S P McGowan - Director

1.	STATUTORY INFORMATION

S P R McGowan Tree Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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

-

20% on Reducing Balance

Motor vehicles

-

20% on Reducing Balance

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 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.

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.

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 16 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

1,739,353

4,198

200,614

1,944,165

Additions

763,211

1,496

60,750

825,457

Disposals

(30,000

)

(1,434

)

(2,100

)

(33,534

)

At 31 May 2025

2,472,564

4,260

259,264

2,736,088

DEPRECIATION

At 1 June 2024

291,495

589

51,384

343,468

Charge for year

371,847

774

32,072

404,693

Eliminated on disposal

-

(434

)

(616

)

(1,050

)

At 31 May 2025

663,342

929

82,840

747,111

NET BOOK VALUE

At 31 May 2025

1,809,222

3,331

176,424

1,988,977

At 31 May 2024

1,447,858

3,609

149,230

1,600,697

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

Plant and

machinery

£

COST

At 1 June 2024

405,696

Additions

40,000

At 31 May 2025

445,696

DEPRECIATION

At 1 June 2024

6,762

Charge for year

83,787

At 31 May 2025

90,549

NET BOOK VALUE

At 31 May 2025

355,147

At 31 May 2024

398,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

437,366

344,337

Other debtors

101,409

37,181

538,775

381,518

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

47,337

21,980

Hire purchase contracts

67,379

119,204

Trade creditors

279,062

232,294

Taxation and social security

162,015

49,475

Other creditors

565,449

739,204

1,121,242

1,162,157

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

249,662

92,799

Hire purchase contracts

164,343

196,685

414,005

289,484

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

99,876

34,247