Acacia Tree Surgery Limited

Report and Unaudited Accounts

31 March 2017

Registered number

05914289

Acacia Tree Surgery Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Acacia Tree Surgery Limited for the year ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Acacia Tree Surgery Limited for the year ended 31 March 2017 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Acacia Tree Surgery Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2017. Our work has been undertaken solely to prepare for your approval the accounts of Acacia Tree Surgery Limited and state those matters that we have agreed to state to the Board of Directors of Acacia Tree Surgery Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acacia Tree Surgery Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Acacia Tree Surgery Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Acacia Tree Surgery Limited. You consider that Acacia Tree Surgery Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Acacia Tree Surgery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

P W Accountants Ltd
Chartered Accountants
82b High Street
Sawston
Cambs
CB22 3HJ

31 May 2017

Acacia Tree Surgery Limited
Registered number:		05914289
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Intangible assets	5		-			3,750
Tangible assets	6		36,074			48,798
			36,074			52,548

Current assets
Debtors	7	46,431			52,976
Cash at bank and in hand		8,659			-
		55,090			52,976

Creditors: amounts falling due within one year	8	(66,042)			(78,980)

Net current liabilities			(10,952)			(26,004)

Total assets less current liabilities			25,122			26,544

Creditors: amounts falling due after more than one year	9		(3,738)			(8,721)

Provisions for liabilities			(2,435)			-


Net assets			18,949			17,823

Capital and reserves
Called up share capital			100			100
Profit and loss account			18,849			17,723

Shareholders' funds			18,949			17,823


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr S Cole
Director
Approved by the board on 31 May 2017

Acacia Tree Surgery Limited
Notes to the Accounts
for the year ended 31 March 2017

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20 and 25% straight line
	Motor vehicles			25% straight line
	Land and buildings			Not depreciated

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Taxation					2017		2016
£							£

	Corporation tax liability					21,152		20,582
	Deferred tax provision					2,435		-

						23,587		20,582

3	Interest payable					2017		2016
£							£

	HP interest payable					1,044		1,252
	Bank interest payable					1,297		1,359
						2,341		2,611



4	Employees					2017		2016
Number							Number

	Average number of persons employed by the company					9		9


5	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2016							50,000
	At 31 March 2017							50,000

	Amortisation
	At 1 April 2016							46,250
	Provided during the year							3,750
	At 31 March 2017							50,000

	Net book value
	At 31 March 2017							-
	At 31 March 2016							3,750

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


6	Tangible fixed assets
		Land and builidngs		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2016	17,023		78,363		58,519		153,905
	Additions	-		4,985		-		4,985
	At 31 March 2017	17,023		83,348		58,519		158,890

	Depreciation
	At 1 April 2016	-		69,059		36,048		105,107
	Charge for the year	-		6,579		11,130		17,709
	At 31 March 2017	-		75,638		47,178		122,816

	Net book value
	At 31 March 2017	17,023		7,710		11,341		36,074
	At 31 March 2016	17,023		9,304		22,471		48,798




7	Debtors					2017		2016
£							£

	Trade debtors					44,806		48,276
	Prepayments					1,625		1,625
	Other debtors					-		3,075
						46,431		52,976


8	Creditors: amounts falling due within one year					2017		2016
£							£

	Bank overdraft (unsecured)					-		3,495
	Obligations under finance lease and hire purchase contracts					4,983		6,587
	Trade creditors					9,491		21,842
	Corporation tax					21,152		20,582
	Directors loan account					104		267
	Other taxes and social security costs					29,212		25,107
	Other creditors					1,100		1,100
						66,042		78,980


9	Creditors: amounts falling due after one year					2017		2016
£							£

	Obligations under finance lease and hire purchase contracts					3,738		8,721


10	Other financial commitments					2017		2016
£							£

	Total future minimum payments under non-cancellable operating leases					6,500		6,500


11	Other information

	Acacia Tree Surgery Limited is a private company limited by shares and incorporated in England. Its registered office is:
	63 Winfold Road
	Waterbeach
	Cambs
	CB25 9PR