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No description of principal activity
2017-08-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
09145249
2017-08-01
2018-07-31
09145249
2018-07-31
09145249
2017-07-31
09145249
2016-08-01
2017-07-31
09145249
2017-07-31
09145249
core:PlantMachinery
2017-08-01
2018-07-31
09145249
core:MotorVehicles
2017-08-01
2018-07-31
09145249
bus:RegisteredOffice
2017-08-01
2018-07-31
09145249
bus:Director1
2017-08-01
2018-07-31
09145249
core:WithinOneYear
2018-07-31
09145249
core:WithinOneYear
2017-07-31
09145249
core:AfterOneYear
2018-07-31
09145249
core:ShareCapital
2018-07-31
09145249
core:ShareCapital
2017-07-31
09145249
core:RetainedEarningsAccumulatedLosses
2018-07-31
09145249
core:RetainedEarningsAccumulatedLosses
2017-07-31
09145249
bus:SmallEntities
2017-08-01
2018-07-31
09145249
bus:AuditExempt-NoAccountantsReport
2017-08-01
2018-07-31
09145249
bus:AbridgedAccounts
2017-08-01
2018-07-31
09145249
bus:SmallCompaniesRegimeForAccounts
2017-08-01
2018-07-31
09145249
bus:PrivateLimitedCompanyLtd
2017-08-01
2018-07-31
COMPANY REGISTRATION NUMBER:
09145249
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
UNAUDITED ABRIDGED FINANCIAL STATEMENTS
|
|
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 JULY 2018
Abridged income statement
|
2
|
|
|
Abridged statement of financial position
|
3
|
|
|
Notes to the abridged financial statements
|
5
|
|
|
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
YEAR ENDED 31 JULY 2018
The director presents his report and the unaudited abridged financial statements of the company for the year ended
31 July 2018
.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
28 September 2018
and signed on behalf of the board by:
Registered office:
|
1 Derby Road
|
Eastwood
|
Nottingham
|
NG16 3PA
|
|
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
ABRIDGED INCOME STATEMENT
|
|
YEAR ENDED 31 JULY 2018
|
2018
|
2017
|
Note
|
£
|
£
|
GROSS PROFIT
|
86,203
|
119,166
|
|
|
|
Distribution costs
|
–
|
109
|
Administrative expenses
|
60,055
|
80,090
|
|
---------
|
----------
|
OPERATING PROFIT
|
26,148
|
38,967
|
|
|
|
Interest payable and similar expenses
|
776
|
88
|
|
|
---------
|
----------
|
PROFIT BEFORE TAXATION
|
4
|
25,372
|
38,879
|
|
|
|
|
Tax on profit
|
2,339
|
4,773
|
|
---------
|
---------
|
PROFIT FOR THE FINANCIAL YEAR
|
23,033
|
34,106
|
|
---------
|
---------
|
|
|
|
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION
|
|
31 July 2018
FIXED ASSETS
Tangible assets
|
5
|
|
50,625
|
|
35,670
|
|
|
|
|
|
|
CURRENT ASSETS
CREDITORS: amounts falling due within one year
|
14,131
|
|
17,129
|
|
|
---------
|
|
---------
|
|
NET CURRENT LIABILITIES
|
|
9,452
|
|
11,854
|
|
|
---------
|
|
---------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
41,173
|
|
23,816
|
|
|
|
|
|
CREDITORS: amounts falling due after more than one year
|
|
17,324
|
|
–
|
|
|
---------
|
|
---------
|
NET ASSETS
|
|
23,849
|
|
23,816
|
|
|
---------
|
|
---------
|
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital
|
|
2
|
|
2
|
Profit and loss account
|
|
23,847
|
|
23,814
|
|
|
---------
|
|
---------
|
SHAREHOLDERS FUNDS
|
|
23,849
|
|
23,816
|
|
|
---------
|
|
---------
|
|
|
|
|
|
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 July 2018
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 September 2018
, and are signed on behalf of the board by:
Company registration number:
09145249
APPLE TREE SERVICES (MIDLANDS) LIMITED
|
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 JULY 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Derby Road, Eastwood, Nottingham, NG16 3PA.
2.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
20% reducing balance
|
|
Motor vehicles
|
-
|
20% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
3
).
4.
Profit before taxation
Profit before taxation is stated after charging:
|
2018
|
2017
|
|
£
|
£
|
Depreciation of tangible assets
|
12,657
|
8,917
|
|
---------
|
-------
|
|
|
|
5.
Tangible assets
|
£
|
Cost
|
|
At 1 August 2017
|
55,159
|
Additions
|
27,612
|
|
---------
|
At 31 July 2018
|
82,771
|
|
---------
|
Depreciation
|
|
At 1 August 2017
|
19,489
|
Charge for the year
|
12,657
|
|
---------
|
At 31 July 2018
|
32,146
|
|
---------
|
Carrying amount
|
|
At 31 July 2018
|
50,625
|
|
---------
|
At 31 July 2017
|
35,670
|
|
---------
|
|
|
6.
Director's advances, credits and guarantees
Included within creditors is an amount owed to the director of £1,089 (2017: £990). This amount is interest free, unsecured and repayable upon demand.