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REGISTERED NUMBER: SC280629 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AITCHISON HYDROSEEDING LIMITED

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AITCHISON HYDROSEEDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G Aitchison





SECRETARY: Mrs K Aitchison





REGISTERED OFFICE: 7 Berriedale Path
Blantyre
Glasgow
G72 0GE





REGISTERED NUMBER: SC280629 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 185,702 142,591
185,702 142,591

CURRENT ASSETS
Stocks 6 40,381 38,660
Debtors 7 61,015 36,255
Cash at bank 71,554 18,922
172,950 93,837
CREDITORS
Amounts falling due within one year 8 103,261 78,541
NET CURRENT ASSETS 69,689 15,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,391

157,887

CREDITORS
Amounts falling due after more than one
year

9

(27,600

)

(37,157

)

PROVISIONS FOR LIABILITIES 11 (45,995 ) (26,693 )
NET ASSETS 181,796 94,037

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 181,792 94,033
SHAREHOLDERS' FUNDS 181,796 94,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 5 July 2024 and were signed by:





G Aitchison - Director


AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Aitchison Hydroseeding Limited 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 represents net invoiced value of sales of services excluding value added tax and is solely derived from the company's principal activity which is hydroseeding and landscape services.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 286,148 105,969 744 392,861
Additions 37,990 58,078 - 96,068
Disposals - (15,416 ) - (15,416 )
At 31 March 2024 324,138 148,631 744 473,513
DEPRECIATION
At 1 April 2023 202,951 46,577 742 250,270
Charge for year 22,316 19,722 - 42,038
Eliminated on disposal - (4,497 ) - (4,497 )
At 31 March 2024 225,267 61,802 742 287,811
NET BOOK VALUE
At 31 March 2024 98,871 86,829 2 185,702
At 31 March 2023 83,197 59,392 2 142,591

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 63,000 41,760 104,760
Additions - 49,678 49,678
Transfer to ownership - (41,760 ) (41,760 )
At 31 March 2024 63,000 49,678 112,678
DEPRECIATION
At 1 April 2023 26,775 12,179 38,954
Charge for year - 11,475 11,475
Transfer to ownership - (22,620 ) (22,620 )
At 31 March 2024 26,775 1,034 27,809
NET BOOK VALUE
At 31 March 2024 36,225 48,644 84,869
At 31 March 2023 36,225 29,581 65,806

6. STOCKS
31.3.24 31.3.23
£    £   
Stock 40,381 38,660

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 43,163 28,817
VAT 16,852 6,438
Prepayments 1,000 1,000
61,015 36,255

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 12,388 18,111
Trade creditors 7,776 3,199
Corporation tax 68,858 40,091
Payroll taxation 1,051 1,458
Pension fund control 471 262
Directors' current accounts 11,047 3,894
Accrued charges 1,670 1,526
103,261 78,541

AITCHISON HYDROSEEDING LIMITED (REGISTERED NUMBER: SC280629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 22,403
Hire purchase contracts 27,600 14,754
27,600 37,157

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 39,988 32,865

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 45,995 26,693

Deferred
tax
£   
Balance at 1 April 2023 26,693
Provided during year 19,302
Balance at 31 March 2024 45,995

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G Aitchison
Balance outstanding at start of year - 20,418
Amounts repaid - (20,418 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. ULTIMATE CONTROLLING PARTY

The controlling party is G Aitchison.