Company Registration No. 11975539 (England and Wales)
ARB ELITE TREE CARE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
ARB ELITE TREE CARE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ARB ELITE TREE CARE LTD
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
49,766
51,815
Current assets
Debtors
4
24,548
28,257
Cash at bank and in hand
2,038
6,704
26,586
34,961
Creditors: amounts falling due within one year
5
(34,100)
(47,810)
Net current liabilities
(7,514)
(12,849)
Total assets less current liabilities
42,252
38,966
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
42,152
38,866
Total equity
42,252
38,966
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The 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.
The financial statements were approved and signed by the director and authorised for issue on 9 October 2023
Mr S C Steppens
Director
Company Registration No. 11975539
ARB ELITE TREE CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
Arb Elite Tree Care Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 11 Heritage Gardens, Fareham, PO16 9BZ.
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% Reducing balance
Computers
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
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.
ARB ELITE TREE CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
3
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2022
61,162
1,644
35,140
97,946
Additions
20,762
20,762
Disposals
(14,750)
(14,750)
At 31 May 2023
67,174
1,644
35,140
103,958
Depreciation and impairment
At 1 June 2022
28,206
950
16,975
46,131
Depreciation charged in the year
11,873
4,715
16,588
Eliminated in respect of disposals
(8,527)
(8,527)
At 31 May 2023
31,552
950
21,690
54,192
Carrying amount
At 31 May 2023
35,622
694
13,450
49,766
At 31 May 2022
32,956
694
18,165
51,815
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,861
28,257
Other debtors
3,687
24,548
28,257
ARB ELITE TREE CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
16,699
22,205
Corporation tax
4,274
9,778
Other taxation and social security
6,802
6,767
Other creditors
6,325
9,060
34,100
47,810