Christmas Tree World Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13101784 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

CHRISTMAS TREE WORLD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr L S Evans

Mr S Evans

Registered office:

Christmas Tree World

Unit 3

Enfield Street

Wigan

Lancashire

WN5 8DB

Registered number:

13101784 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Intangible assets

4

75,175

23,543

Tangible assets

5

25,946

17,900

101,121

41,443

CURRENT ASSETS

Debtors

6

622,409

2,583,870

Cash at bank

14,589

22,539

636,998

2,606,409

CREDITORS

Amounts falling due within one year

7

462,439

2,434,712

NET CURRENT ASSETS

174,559

171,697

TOTAL ASSETS LESS CURRENT LIABILITIES

275,680

213,140

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

275,679

213,139

SHAREHOLDERS' FUNDS

275,680

213,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 23 January 2024 and were signed on its behalf by:

Mr S Evans - Director

1.	STATUTORY INFORMATION

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

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 February 2022

23,543

Additions

55,212

At 31 January 2023

78,755

AMORTISATION

Amortisation for year

3,580

At 31 January 2023

3,580

NET BOOK VALUE

At 31 January 2023

75,175

At 31 January 2022

23,543

5.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 February 2022

17,900

Additions

8,046

At 31 January 2023

25,946

NET BOOK VALUE

At 31 January 2023

25,946

At 31 January 2022

17,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

2,827

2,583,869

Amounts owed by group undertakings

619,581

-

Other debtors

1

1

622,409

2,583,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

233,521

1,759,127

Amounts owed to group undertakings

1,300

372,814

Taxation and social security

222,441

300,911

Other creditors

5,177

1,860

462,439

2,434,712

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

1

Ordinary

1

1

1