Registered number
06083807
The Tree People Ltd
Abbreviated Accounts
28 February 2015
The Tree People Ltd
Registered number: 06083807
Abbreviated Balance Sheet
as at 28 February 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 8,398 10,146
Current assets
Debtors 4 12,791 15,029
Cash at bank and in hand 2,168 6,539
14,959 21,568
Creditors: amounts falling due within one year (18,306) (20,129)
Net current (liabilities)/assets (3,347) 1,439
Total assets less current liabilities 5,051 11,585
Creditors: amounts falling due after more than one year (1,264) (2,830)
Provisions for liabilities (1,679) (2,029)
Net assets 2,108 6,726
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 2,008 6,626
Shareholder's funds 2,108 6,726
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr R G Holliday
Director
Approved by the board on 19 November 2015
The Tree People Ltd
Notes to the Abbreviated Accounts
for the year ended 28 February 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance method
Motor vehicles 25% reducing balance method
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 March 2014 15,000
At 28 February 2015 15,000
Amortisation
At 1 March 2014 15,000
At 28 February 2015 15,000
Net book value
At 28 February 2015 -
3 Tangible fixed assets £
Cost
At 1 March 2014 32,358
Additions 528
At 28 February 2015 32,886
Depreciation
At 1 March 2014 22,212
Charge for the year 2,276
At 28 February 2015 24,488
Net book value
At 28 February 2015 8,398
At 28 February 2014 10,146
4 Debtors 2015 2014
£ £
Debtors include:
Amounts due after more than one year 7,425 7,380
5 Loans 2015 2014
£ £
Creditors include:
Secured bank loans 2,710 4,277
6 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 100 100
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