MCLARENS NURSERIES LIMITED

Company Registration Number:
SC439250 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MCLARENS NURSERIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MCLARENS NURSERIES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 378,919 420,544
Tangible assets: 4 2,722,355 2,835,603
Total fixed assets: 3,101,274 3,256,147
Current assets
Stocks: 1,575,000 1,450,000
Debtors:   372,073 255,086
Cash at bank and in hand: 8,758 3,286
Total current assets: 1,955,831 1,708,372
Creditors: amounts falling due within one year:   (854,556) (940,183)
Net current assets (liabilities): 1,101,275 768,189
Total assets less current liabilities: 4,202,549 4,024,336
Creditors: amounts falling due after more than one year:   (1,114,885) (1,189,028)
Provision for liabilities: (364,964) (179,909)
Total net assets (liabilities): 2,722,700 2,655,399
Capital and reserves
Called up share capital: 1,700,000 1,700,000
Profit and loss account: 1,022,700 955,399
Shareholders funds: 2,722,700 2,655,399

The notes form part of these financial statements

MCLARENS NURSERIES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2024
and signed on behalf of the board by:

Name: Mrs Louise McWhinnie
Status: Director

The notes form part of these financial statements

MCLARENS NURSERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MCLARENS NURSERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 52 53

MCLARENS NURSERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 836,794
At 31 December 2023 836,794
Amortisation
At 01 January 2023 416,250
Charge for year 41,625
At 31 December 2023 457,875
Net book value
At 31 December 2023 378,919
At 31 December 2022 420,544

MCLARENS NURSERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 3,806,611
Additions 48,181
At 31 December 2023 3,854,792
Depreciation
At 01 January 2023 971,008
Charge for year 161,428
Other adjustments 1
At 31 December 2023 1,132,437
Net book value
At 31 December 2023 2,722,355
At 31 December 2022 2,835,603