Cornthwaite Tree Care Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06623718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CORNTHWAITE TREE CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

T A Cornthwaite

REGISTERED OFFICE:

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

REGISTERED NUMBER:

06623718 (England and Wales)

ACCOUNTANTS:

A Dickinson & Co

Chartered Cert. Accountants

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

FIXED ASSETS

Tangible assets

4

382,331

135,844

CURRENT ASSETS

Stocks

46,529

48,806

Debtors

5

320,504

410,204

Cash at bank and in hand

206,580

195,636

573,613

654,646

CREDITORS

Amounts falling due within one year

6

331,992

301,379

NET CURRENT ASSETS

241,621

353,267

TOTAL ASSETS LESS CURRENT LIABILITIES

623,952

489,111

CREDITORS

Amounts falling due after more than one year

7

(194,172

)

(52,107

)

PROVISIONS FOR LIABILITIES

(47,432

)

(21,678

)

NET ASSETS

382,348

415,326

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

382,248

415,226

SHAREHOLDERS' FUNDS

382,348

415,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 August 2017 and were signed by:

T A Cornthwaite - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Stocks and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

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 Income

Statement, 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

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 20 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

229,385

Additions

348,212

Disposals

(3,377

)

At 31 March 2017

574,220

DEPRECIATION

At 1 April 2016

93,541

Charge for year

100,036

Eliminated on disposal

(1,688

)

At 31 March 2017

191,889

NET BOOK VALUE

At 31 March 2017

382,331

At 31 March 2016

135,844

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

follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

77,621

Additions

30,474

At 31 March 2017

108,095

DEPRECIATION

At 1 April 2016

4,183

Charge for year

25,979

At 31 March 2017

30,162

NET BOOK VALUE

At 31 March 2017

77,933

At 31 March 2016

73,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

285,135

390,331

Other debtors

35,369

19,873

320,504

410,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

59,802

13,208

Trade creditors

66,183

84,312

Taxation and social security

113,786

169,364

Other creditors

92,221

34,495

331,992

301,379

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

194,172

52,107

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

415,226

Profit for the year

15,658

Dividends

(48,636

)

At 31 March 2017

382,248

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T A Cornthwaite.

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A Dickinson & Co

Chartered Cert. Accountants

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

Date: .............................................