P KERNAN TREE SURGERY LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08794868 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

P KERNAN TREE SURGERY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P S Kernan

REGISTERED OFFICE:

Bourbon Court

Nightingales Corner

Little Chalfont

Buckinghamshire

HP7 9QS

REGISTERED NUMBER:

08794868 (England and Wales)

ACCOUNTANTS:

Cansdales Business Advisers Limited

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

44,092

23,242

44,092

23,242

CURRENT ASSETS

Debtors

5

5,424

-

Cash at bank and in hand

183,504

163,542

188,928

163,542

CREDITORS

Amounts falling due within one year

6

(34,662

)

(23,760

)

NET CURRENT ASSETS

154,266

139,782

TOTAL ASSETS LESS CURRENT LIABILITIES

198,358

163,024

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

198,258

162,924

SHAREHOLDERS' FUNDS

198,358

163,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2022 and were signed by:

P S Kernan - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% reducing balance

Motor Vehicles - 33.3% reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

59,000

AMORTISATION

At 1 April 2020

and 31 March 2021

59,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2020

31,343

38,440

69,783

Additions

19,014

18,990

38,004

Disposals

(10,500

)

-

(10,500

)

At 31 March 2021

39,857

57,430

97,287

DEPRECIATION

At 1 April 2020

20,306

26,235

46,541

Charge for year

4,888

10,398

15,286

Eliminated on disposal

(8,632

)

-

(8,632

)

At 31 March 2021

16,562

36,633

53,195

NET BOOK VALUE

At 31 March 2021

23,295

20,797

44,092

At 31 March 2020

11,037

12,205

23,242

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

5,424

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,866

670

Corporation tax

22,027

12,413

Social security and other tax

3,094

2,444

VAT

7,032

7,450

Directors' current accounts

643

783

34,662

23,760