Withy Trees Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01359067 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Withy Trees Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Baron

J M Baron

A J Baron

SECRETARY:

J M Baron

REGISTERED OFFICE:

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

REGISTERED NUMBER:

01359067 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

BANKERS:

Barclays Bank plc

FIXED ASSETS

Tangible assets

4

2,063,593

2,079,819

Investments

5

-

100

2,063,593

2,079,919

CURRENT ASSETS

Stocks

4,669

4,117

Debtors

6

238,184

100,643

Cash at bank and in hand

15,316

16

258,169

104,776

CREDITORS

Amounts falling due within one year

7

(519,462

)

(254,926

)

NET CURRENT LIABILITIES

(261,293

)

(150,150

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,802,300

1,929,769

CREDITORS

Amounts falling due after more than one year

8

(1,465

)

(4,981

)

NET ASSETS

1,800,835

1,924,788

CAPITAL AND RESERVES

Called up share capital

10

950

950

Capital redemption reserve

50

50

Retained earnings

1,799,835

1,923,788

SHAREHOLDERS' FUNDS

1,800,835

1,924,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2020 and were signed on its behalf by:

A J Baron - Director

1.	STATUTORY INFORMATION

Withy Trees Limited is a private company, limited by shares , registered in England and Wales. 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 represents the total invoice value, excluding value added tax, of sales made during the year

and derives from the provision of goods and services falling within the company's ordinary activities.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Freehold property is no longer depreciated as, in the opinion of the directors, the estimated remaining

useful economic life of the tangible fixed asset exceeds 50 years.

Freehold property is held at cost and is reviewed by the directors for impairment, in accordance with

FRS11, at the end of each reporting period. Any surplus or deficit arising is taken to the profit and loss

account.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Statement of

Income and Retained Earnings, 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 in respect of the directors and certain

staff. The scheme and its assets are held separately from the company's assets by independent

managers. The pension costs charged in the financial statements represent the contribution payable

by the company during the year.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Going concern

The accounts have been prepared on a going concern basis, the validity of which is, to some extent,

dependent upon recoverability of the amounts due from connected companies. These companies are,

in turn, supported by the director, Mr A J Baron.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the

obligation to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2018 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2018

2,151,061

365,606

10,856

2,527,523

Disposals

-

(17,783

)

(307

)

(18,090

)

At 31 August 2019

2,151,061

347,823

10,549

2,509,433

DEPRECIATION

At 1 September 2018

151,976

293,500

2,228

447,704

Charge for year

-

10,815

2,158

12,973

Eliminated on disposal

-

(14,573

)

(264

)

(14,837

)

At 31 August 2019

151,976

289,742

4,122

445,840

NET BOOK VALUE

At 31 August 2019

1,999,085

58,081

6,427

2,063,593

At 31 August 2018

1,999,085

72,106

8,628

2,079,819

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

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2018

11,071

10,549

21,620

Transfer to ownership

(11,071

)

-

(11,071

)

At 31 August 2019

-

10,549

10,549

DEPRECIATION

At 1 September 2018

4,697

1,979

6,676

Transfer to ownership

(4,697

)

-

(4,697

)

At 31 August 2019

-

1,979

1,979

NET BOOK VALUE

At 31 August 2019

-

8,570

8,570

At 31 August 2018

6,374

8,570

14,944

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2018

100

Disposals

(100

)

At 31 August 2019

-

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

20,322

3,739

Other debtors

169,968

49,546

Amount owed by connected

companies

36,602

36,502

Prepayments and accrued income

11,292

10,856

238,184

100,643

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

3,974

Hire purchase contracts

3,516

3,516

Trade creditors

18,518

11,597

Social security and other taxes

7,814

10,652

Other creditors

160,742

533

Amount owed to connected

companies

142,391

79,364

Directors' current accounts

152,491

90,282

Accruals and deferred income

33,990

55,008

519,462

254,926

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

1,465

4,981

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdraft

-

3,974

Hire purchase contracts

4,981

8,497

4,981

12,471

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

950

Ordinary

£1

950

950

11.	RELATED PARTY DISCLOSURES

Mr A J Baron, has provided a Limited Guarantee to Barclays Bank plc for £100,000.