IRIS Accounts Production v23.2.0.158 SC271438 director 1.2.22 31.1.23 31.1.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2714382022-01-31SC2714382023-01-31SC2714382022-02-012023-01-31SC2714382021-01-31SC2714382021-02-012022-01-31SC2714382022-01-31SC271438ns10:Originalns15:Scotland2022-02-012023-01-31SC271438ns14:PoundSterlingns10:Original2022-02-012023-01-31SC271438ns10:Originalns10:Director12022-02-012023-01-31SC271438ns10:Original2022-02-012023-01-31SC271438ns10:Original2023-01-31SC271438ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-31SC271438ns10:Originalns10:SmallEntities2022-02-012023-01-31SC271438ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-31SC271438ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-31SC271438ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-31SC271438ns10:Originalns10:FullAccounts2022-02-012023-01-31SC271438ns10:Original12022-02-012023-01-31SC271438ns10:CompanySecretary1ns10:Original2022-02-012023-01-31SC271438ns10:Originalns10:RegisteredOffice2022-02-012023-01-31SC271438ns10:Original2022-01-31SC271438ns10:Originalns5:CurrentFinancialInstruments2023-01-31SC271438ns10:Originalns5:CurrentFinancialInstruments2022-01-31SC271438ns10:Originalns5:Non-currentFinancialInstruments2023-01-31SC271438ns10:Originalns5:Non-currentFinancialInstruments2022-01-31SC271438ns5:ShareCapitalns10:Original2023-01-31SC271438ns5:ShareCapitalns10:Original2022-01-31SC271438ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-31SC271438ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-31SC271438ns10:Originalns5:NetGoodwill2022-02-012023-01-31SC271438ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-012023-01-31SC271438ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-02-012023-01-31SC271438ns10:Originalns5:LeaseholdImprovements2022-02-012023-01-31SC271438ns10:Originalns5:PlantMachinery2022-02-012023-01-31SC271438ns10:Originalns5:FurnitureFittings2022-02-012023-01-31SC271438ns10:Originalns5:MotorVehicles2022-02-012023-01-31SC271438ns10:Originalns5:ComputerEquipment2022-02-012023-01-31SC271438ns10:Original2021-02-012022-01-31SC271438ns10:Originalns5:NetGoodwill2022-01-31SC271438ns10:Originalns5:NetGoodwill2023-01-31SC271438ns10:Originalns5:NetGoodwill2022-01-31SC271438ns10:Originalns5:LandBuildings2022-01-31SC271438ns10:Originalns5:LeaseholdImprovements2022-01-31SC271438ns10:Originalns5:PlantMachinery2022-01-31SC271438ns10:Originalns5:LandBuildings2022-02-012023-01-31SC271438ns10:Originalns5:LandBuildings2023-01-31SC271438ns10:Originalns5:LeaseholdImprovements2023-01-31SC271438ns10:Originalns5:PlantMachinery2023-01-31SC271438ns10:Originalns5:LandBuildings2022-01-31SC271438ns10:Originalns5:LeaseholdImprovements2022-01-31SC271438ns10:Originalns5:PlantMachinery2022-01-31SC271438ns10:Originalns5:FurnitureFittings2022-01-31SC271438ns10:Originalns5:MotorVehicles2022-01-31SC271438ns10:Originalns5:ComputerEquipment2022-01-31SC271438ns10:Original2022-01-31SC271438ns10:Originalns5:FurnitureFittings2023-01-31SC271438ns10:Originalns5:MotorVehicles2023-01-31SC271438ns10:Originalns5:ComputerEquipment2023-01-31SC271438ns10:Originalns5:FurnitureFittings2022-01-31SC271438ns10:Originalns5:MotorVehicles2022-01-31SC271438ns10:Originalns5:ComputerEquipment2022-01-31SC271438ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31SC271438ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31SC271438ns5:Securedns10:Original2023-01-31SC271438ns5:Securedns10:Original2022-01-31
REGISTERED NUMBER: SC271438 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Laighparks Nurseries Ltd

Laighparks Nurseries Ltd (Registered number: SC271438)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laighparks Nurseries Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J N Henderson





SECRETARY: Mrs J C T Henderson





REGISTERED OFFICE: Laighparks Farm
Killearn
Glasgow
G63 9PT





REGISTERED NUMBER: SC271438 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Laighparks Nurseries Ltd (Registered number: SC271438)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 480,268 449,117
480,268 449,117

CURRENT ASSETS
Stocks 130,936 89,975
Debtors 6 1,268,896 1,093,070
Cash at bank and in hand 146,741 324,753
1,546,573 1,507,798
CREDITORS
Amounts falling due within one year 7 501,094 519,634
NET CURRENT ASSETS 1,045,479 988,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,525,747

1,437,281

CREDITORS
Amounts falling due after more than one
year

8

(221,030

)

(237,056

)

PROVISIONS FOR LIABILITIES (36,586 ) (19,512 )
NET ASSETS 1,268,131 1,180,713

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,218,131 1,130,713
SHAREHOLDERS' FUNDS 1,268,131 1,180,713

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 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.

Laighparks Nurseries Ltd (Registered number: SC271438)

Balance Sheet - continued
31 January 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





J N Henderson - Director


Laighparks Nurseries Ltd (Registered number: SC271438)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Laighparks Nurseries Ltd is a private company, limited by shares , registered in Scotland. 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.

The director has reviewed the company's operating costs for the next twelve months, and the sources of funds available, and is satisfied that the company is a going concern.

Turnover
Turnover represents the invoiced value of wholesale goods supplied together with the value of garden centre retail sales and restaurant takings in the year under review.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Laighparks Nurseries Ltd (Registered number: SC271438)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 30,594
AMORTISATION
At 1 February 2022
and 31 January 2023 30,594
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Laighparks Nurseries Ltd (Registered number: SC271438)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2022 502,082 16,214 222,740
Additions - - 63,317
Disposals - - (18,532 )
At 31 January 2023 502,082 16,214 267,525
DEPRECIATION
At 1 February 2022 129,400 3,081 182,102
Charge for year 10,042 1,313 15,431
Eliminated on disposal - - (17,450 )
At 31 January 2023 139,442 4,394 180,083
NET BOOK VALUE
At 31 January 2023 362,640 11,820 87,442
At 31 January 2022 372,682 13,133 40,638

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 40,457 48,006 4,448 833,947
Additions 562 - 417 64,296
Disposals - - - (18,532 )
At 31 January 2023 41,019 48,006 4,865 879,711
DEPRECIATION
At 1 February 2022 34,221 31,773 4,253 384,830
Charge for year 1,020 4,058 199 32,063
Eliminated on disposal - - - (17,450 )
At 31 January 2023 35,241 35,831 4,452 399,443
NET BOOK VALUE
At 31 January 2023 5,778 12,175 413 480,268
At 31 January 2022 6,236 16,233 195 449,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 288,253 231,309
Amounts recoverable on contract 930,099 811,774
Other debtors 50,544 49,987
1,268,896 1,093,070

Laighparks Nurseries Ltd (Registered number: SC271438)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 18,835 18,610
Trade creditors 261,380 332,048
Taxation and social security 105,460 108,549
Other creditors 115,419 60,427
501,094 519,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 221,030 237,056

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 152,683 163,146

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 239,865 255,666

The bank loans are secured by a bond and floating charge over the assets of the company, a standard security over land and property at Laighparks Nursery, Killearn and a personal guarantee from the director.