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REGISTERED NUMBER: SC485520 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Simply Gardening (Scotland) Ltd

Simply Gardening (Scotland) Ltd (Registered number: SC485520)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simply Gardening (Scotland) Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: K R McEwan
Miss S A McEwan





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC485520 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Simply Gardening (Scotland) Ltd (Registered number: SC485520)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,319 1,757

CURRENT ASSETS
Debtors 5 83,073 52,606
Cash at bank 23,513 24,982
106,586 77,588
CREDITORS
Amounts falling due within one year 6 18,401 16,204
NET CURRENT ASSETS 88,185 61,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,504

63,141

PROVISIONS FOR LIABILITIES 7 263 318
NET ASSETS 89,241 62,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,141 62,723
89,241 62,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:



K R McEwan - Director


Simply Gardening (Scotland) Ltd (Registered number: SC485520)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Simply Gardening (Scotland) 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

Simply Gardening (Scotland) Ltd (Registered number: SC485520)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 11,250 243 11,493
DEPRECIATION
At 1 January 2023 9,541 195 9,736
Charge for year 428 10 438
At 31 December 2023 9,969 205 10,174
NET BOOK VALUE
At 31 December 2023 1,281 38 1,319
At 31 December 2022 1,709 48 1,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 95 3,438
Other debtors 82,978 49,168
83,073 52,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 15,966 14,378
Other creditors 2,435 1,826
18,401 16,204

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 263 318

Deferred
tax
£   
Balance at 1 January 2023 318
Utilised during year (55 )
Balance at 31 December 2023 263

Simply Gardening (Scotland) Ltd (Registered number: SC485520)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

Included in the balance sheet are amounts owed to/from companies under common ownership. These loans are interest free and have no fixed repayment terms.

At the year end M Squared (Scotland) Ltd owed £77,118 (2022 - £43,568) to Simply Gardening (Scotland) Ltd.

At the year end Simply Gardening (Scotland) Ltd owed £1,836 (2022- £0) to S.A.M Consultancy Ltd.