Company Registration No. 04529657 (England and Wales)
Evergreen Trees and Shrubs Ltd
Unaudited accounts
for the year ended 28 February 2023
Evergreen Trees and Shrubs Ltd
Unaudited accounts
Contents
Evergreen Trees and Shrubs Ltd
Company Information
for the year ended 28 February 2023
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
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 3AQ
Evergreen Trees and Shrubs Ltd
Statement of financial position
as at 28 February 2023
Intangible assets
7,670
8,210
Tangible assets
845,977
821,722
Investments
1,445,665
1,560,000
Debtors
1,320,291
1,064,504
Cash at bank and in hand
217,712
200,763
Creditors: amounts falling due within one year
(703,936)
(1,345,530)
Net current assets/(liabilities)
884,978
(29,352)
Total assets less current liabilities
3,184,290
2,360,580
Creditors: amounts falling due after more than one year
(441,595)
(43,333)
Provisions for liabilities
Deferred tax
(11,075)
(11,075)
Net assets
2,731,620
2,306,172
Called up share capital
200
200
Profit and loss account
2,731,420
2,305,972
Shareholders' funds
2,731,620
2,306,172
For the year ending 28 February 2023 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 2023 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 2023
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 2023
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 2023
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 2022
853,675
22,831
10,990
24,844
28,346
940,686
Additions
-
-
42,795
-
-
42,795
At 28 February 2023
853,675
22,831
53,785
24,844
28,346
983,481
At 1 March 2022
47,094
11,433
10,990
21,100
28,347
118,964
Charge for the year
4,812
2,281
10,699
748
-
18,540
At 28 February 2023
51,906
13,714
21,689
21,848
28,347
137,504
At 28 February 2023
801,769
9,117
32,096
2,996
(1)
845,977
At 28 February 2022
806,581
11,398
-
3,744
(1)
821,722
6
Investments
Other investments
Valuation at 1 March 2022
1,560,000
Valuation at 28 February 2023
1,445,665
Amounts falling due within one year
Trade debtors
40,291
30,353
Other debtors
1,280,000
980,000
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
65,354
-
Obligations under finance leases and hire purchase contracts
18,898
-
Trade creditors
72,180
158,694
Taxes and social security
301,398
269,365
Other creditors
448,561
479,525
Loans from directors
(230,881)
427,833
Evergreen Trees and Shrubs Ltd
Notes to the Accounts
for the year ended 28 February 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,023
-
10
Average number of employees
During the year the average number of employees was 12 (2022: 12).
