Treelinks (Ingredients) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04255909 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Treelinks (Ingredients) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J D Gittins Jones

Ms R E Baker

Registered office:

C/o Gabb & Co Solicitors

32 Monk Street

Abergavenny

Blaenau Gwent

NP7 5NW

Registered number:

04255909 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

5

1,939

8,164

CURRENT ASSETS

Stocks

1,333,722

591,522

Debtors

2,413,552

2,798,084

Cash at bank

262,228

145,987

4,009,502

3,535,593

CREDITORS

Amounts falling due within one year

(2,425,034

)

(1,603,795

)

NET CURRENT ASSETS

1,584,468

1,931,798

TOTAL ASSETS LESS CURRENT LIABILITIES

1,586,407

1,939,962

PROVISIONS FOR LIABILITIES

(368

)

(1,551

)

NET ASSETS

1,586,039

1,938,411

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

1,585,039

1,937,411

SHAREHOLDERS' FUNDS

1,586,039

1,938,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2023 and were signed on its behalf by:

J D Gittins Jones - Director

1.	STATUTORY INFORMATION

Treelinks (Ingredients) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on 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 Profit and Loss Account, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Invoice discounting

The company has entered into an invoice discounting agreement for certain trade debtors. Amounts due from the customers are shown in full in trade debtors, with amounts due to the finance company shown in creditors due within twelve months within other creditors.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 December 2021

and 30 November 2022

191,515

Depreciation

At 1 December 2021

183,351

Charge for year

6,225

At 30 November 2022

189,576

Net book value

At 30 November 2022

1,939

At 30 November 2021

8,164

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

17,383

16,237

Between one and five years

69,533

42,000

In more than five years

-

21,000

86,916

79,237

7.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Invoice discounting

279,551

-

Lloyds bank PLC hold a fixed and floating charge which covers all the property or undertaking of the company.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

During the period Treelinks (Ingredients) Limited had an inter-company loan of Nil (2021: £541,572) due from Heritage Frozen Foods Limited. No interest is charged on this loan.

During the period Treelinks (Ingredients) Limited were charged £96,000 (2021: £96,000) by Heritage Frozen Foods Limited in relation to Management Services.

10.	ULTIMATE PARENT COMPANY

The Ultimate Parent Company is Heritage Frozen Foods Limited.