Cornthwaite Tree Care Limited - Accounts to registrar (filleted) - small 18.2

Cornthwaite Tree Care Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06623718(England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

CORNTHWAITE TREE CARE LIMITED

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNTHWAITE TREE CARE LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2020







DIRECTOR: T A Cornthwaite





REGISTERED OFFICE: 15 Market Street
Standish
Wigan
Lancashire
WN6 0HW





REGISTERED NUMBER: 06623718(England and Wales)





ACCOUNTANTS: ADC Accountants Limited
Chartered Cert. Accountants
15 Market Street
Standish
Wigan
Lancashire
WN6 0HW

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

BALANCE SHEET
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 735,257 573,223

CURRENT ASSETS
Stocks 8,545 34,132
Debtors 5 315,001 311,453
Cash at bank 287,563 154,416
611,109 500,001
CREDITORS
Amounts falling due within one year 6 479,740 390,316
NET CURRENT ASSETS 131,369 109,685
TOTAL ASSETS LESS CURRENT LIABILITIES 866,626 682,908

CREDITORS
Amounts falling due after more than
one year

7

(391,710

)

(280,613

)

PROVISIONS FOR LIABILITIES (138,137 ) (93,525 )
NET ASSETS 336,779 308,770

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 336,679 308,670
SHAREHOLDERS' FUNDS 336,779 308,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

BALANCE SHEET - continued
31 March 2020


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 director and authorised for issue on 1 October 2020
and were signed by:





T A Cornthwaite- Director


CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2020

1. STATUTORY INFORMATION

Cornthwaite Tree Care 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

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.

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful
lives. Those held under finance leases are depreciated over their estimated useful lives or the
lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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 24(2019 - 24) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019 966,411
Additions 425,432
Disposals (147,896 )
At 31 March 2020 1,243,947
DEPRECIATION
At 1 April 2019 393,188
Charge for year 190,217
Eliminated on disposal (74,715 )
At 31 March 2020 508,690
NET BOOK VALUE
At 31 March 2020 735,257
At 31 March 2019 573,223

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2019 486,900
Additions 406,195
Disposals (28,196 )
At 31 March 2020 864,899
DEPRECIATION
At 1 April 2019 135,630
Charge for year 155,337
Eliminated on disposal (16,301 )
At 31 March 2020 274,666
NET BOOK VALUE
At 31 March 2020 590,233
At 31 March 2019 351,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 298,275 306,352
Other debtors 16,726 5,101
315,001 311,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Hire purchase contracts 172,893 158,285
Trade creditors 123,632 86,116
Taxation and social security 122,662 76,666
Other creditors 60,553 69,249
479,740 390,316

CORNTHWAITE TREE CARE LIMITED (REGISTERED NUMBER: 06623718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.20 31.3.19
£    £   
Hire purchase contracts 391,710 280,613

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.20 31.3.19
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is T A Cornthwaite.