Company Registration No. 04529657 (England and Wales)
Evergreen Trees and Shrubs Ltd
Unaudited accounts
for the year ended 28 February 2022
Evergreen Trees and Shrubs Ltd
Unaudited accounts
Contents
Evergreen Trees and Shrubs Ltd
Company Information
for the year ended 28 February 2022
Directors
Alistair Graham Knights
Angela Knights
Georgina O'Grady
Company Number
04529657 (England and Wales)
Registered Office
Unit 5
The Link
Eastfield
YO11 3LR
United Kingdom
Accountants
K Wright Accountancy Services
Unit 5 The Link
Link Walk
Eastfield
Scarborough
YO11 3LR
Evergreen Trees and Shrubs Ltd
Statement of financial position
as at 28 February 2022
Intangible assets
8,210
8,750
Tangible assets
821,722
833,955
Investments
1,560,000
1,535,000
Cash at bank and in hand
200,763
159,584
Creditors: amounts falling due within one year
(1,345,530)
(1,212,672)
Net current liabilities
(29,352)
(514,227)
Total assets less current liabilities
2,360,580
1,863,478
Creditors: amounts falling due after more than one year
(43,333)
(53,000)
Provisions for liabilities
Deferred tax
(11,075)
(11,075)
Net assets
2,306,172
1,799,403
Called up share capital
200
200
Profit and loss account
2,305,972
1,799,203
Shareholders' funds
2,306,172
1,799,403
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2022 and were signed on its behalf by
Alistair Graham Knights
Director
Company Registration No. 04529657
Evergreen Trees and Shrubs Ltd
Notes to the Accounts
for the year ended 28 February 2022
Evergreen Trees and Shrubs Ltd is a private company, limited by shares, registered in England and Wales, registration number 04529657. The registered office is Unit 5, The Link, Eastfield, YO11 3LR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been ordered by the customers as an obligation to manufacture is produced at this time.
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Computer Software - 6% Straight Line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land & Buildings 0% Leasehold Improvements 15% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Evergreen Trees and Shrubs Ltd
Notes to the Accounts
for the year ended 28 February 2022
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments are included at market fair value. Gains are recognised in the income statement.
Government grants are recognised at fair value of the asset received or receivable when there is reasonable assurance the grant conditions will be met and the grants will be received.
A grant that specifies a performance condition is recognised when the conditions are met. Where a grant does not specify performance conditions it is recognised when the income is received,
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other
Evergreen Trees and Shrubs Ltd
Notes to the Accounts
for the year ended 28 February 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2021
853,675
22,831
10,990
24,844
28,346
940,686
At 28 February 2022
853,675
22,831
10,990
24,844
28,346
940,686
At 1 March 2021
41,433
8,585
8,243
20,162
28,308
106,731
Charge for the year
5,661
2,848
2,747
938
39
12,233
At 28 February 2022
47,094
11,433
10,990
21,100
28,347
118,964
At 28 February 2022
806,581
11,398
-
3,744
(1)
821,722
At 28 February 2021
812,242
14,246
2,747
4,682
38
833,955
6
Investments
Other investments
Valuation at 1 March 2021
1,535,000
Valuation at 28 February 2022
1,560,000
Amounts falling due within one year
Trade debtors
30,353
6,979
Accrued income and prepayments
-
971
Other debtors
980,000
480,000
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
158,694
225,339
Taxes and social security
269,365
333,663
Other creditors
479,525
492,903
Loans from directors
427,833
61,563
Deferred income
2,929
2,929
9
Creditors: amounts falling due after more than one year
2022
2021
Evergreen Trees and Shrubs Ltd
Notes to the Accounts
for the year ended 28 February 2022
10
Deferred taxation
2022
2021
Accelerated capital allowances
11,075
11,075
Provision at start of year
11,075
11,075
Provision at end of year
11,075
11,075
11
Average number of employees
During the year the average number of employees was 12 (2021: 12).
