Trees Direct Ltd,Ltd - Accounts

Trees Direct Ltd,Ltd - Accounts

TREES DIRECT LTD - Company Information

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2015-03-01 true false Private Limited Company 03511297 2016-03-31 03511297 2015-03-01 2016-03-31 03511297 2015-02-28 03511297 2014-03-01 2015-02-28 03511297 uk-bus:Director1 2015-03-01 2016-03-31 03511297 uk-gaap:ComputerEquipment 2015-03-01 2016-03-31 03511297 uk-gaap:CommercialMotorVehicles 2015-03-01 2016-03-31 03511297 uk-gaap:FixturesFittings 2015-03-01 2016-03-31 03511297 uk-gaap:WithinOneYear 2016-03-31 03511297 uk-gaap:WithinOneYear 2015-02-28 iso4217:GBP
Trees Direct Ltd
For the period ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03511297
2
Contents Page
Trees Direct Ltd
For the period ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Trees Direct Ltd
As at 31 March 2016
03511297
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
2,541
2,580
2,541
2,580
Current assets
Stocks
21,275
20,813
Debtors
4,999
454
Cash at bank and in hand
114
453
21,381
26,727
Creditors: amounts falling due within one year
3
(72,903)
(74,209)
(46,176)
(52,828)
Net current liabilities
Total assets less current liabilities
(50,287)
(43,596)
(50,287)
Net liabilities
(43,596)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(51,287)
(44,596)
(50,287)
(43,596)
Shareholders funds
For the period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 22 December 2016
Richard Beamish Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Trees Direct Ltd
For the period ended 31 March 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
15% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
15% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
8,297
At 01 March 2015
483
Additions
At 31 March 2016
8,780
Depreciation
5,717
At 01 March 2015
522
Charge for period
6,239
At 31 March 2016
Net book values
At 31 March 2016
2,541
2,580
At 28 February 2015
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5
Notes to the Abbreviated Financial Statements
Trees Direct Ltd
For the period ended 31 March 2016
2016
3 Creditors: amounts falling due within one year
£
£
2015
3,814
-
Bank loans and overdrafts (secured)
3 of 3