Company Registration No. 06083807 (England and Wales)
THE TREE PEOPLE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2013
THE TREE PEOPLE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THE TREE PEOPLE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2013
28 February 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,973
14,615
Current assets
Debtors
7,832
11,390
Cash at bank and in hand
2,104
9,012
9,936
20,402
Creditors: amounts falling due within one year
(13,402)
(22,017)
Net current liabilities
(3,466)
(1,615)
Total assets less current liabilities
8,507
13,000
Creditors: amounts falling due after more than one year
3
(4,277)
(5,663)
Provisions for liabilities
(2,395)
(2,923)
1,835
4,414
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
1,735
4,314
Shareholders' funds
1,835
4,414
THE TREE PEOPLE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2013
28 February 2013
- 2 -
For the financial year ended 28 February 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its 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 financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 November 2013
Mr R G Holliday
Director
Company Registration No. 06083807
THE TREE PEOPLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2013
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the director and creditors.
If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance method
Motor vehicles
25% reducing balance method
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
THE TREE PEOPLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2013
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2012
15,000
30,743
45,743
Additions
668
668
At 28 February 2013
15,000
31,411
46,411
Depreciation
At 1 March 2012
15,000
16,128
31,128
Charge for the year
3,310
3,310
At 28 February 2013
15,000
19,438
34,438
Net book value
At 28 February 2013
11,973
11,973
At 29 February 2012
14,615
14,615
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £5,723 (2012 - £8,601).
4
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
5
Transactions with directors
Included within other creditors is an amount of £195 (2012: £2,988) owed to Mr R G Holliday, who is the director of the company.