IRIS Accounts Production v24.3.2.46 SC187615 Board of Directors 1.1.24 31.12.24 31.12.24 true false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1876152023-12-31SC1876152024-12-31SC1876152024-01-012024-12-31SC1876152022-12-31SC1876152023-01-012023-12-31SC1876152023-12-31SC187615ns15:Scotland2024-01-012024-12-31SC187615ns14:PoundSterling2024-01-012024-12-31SC187615ns10:Director12024-01-012024-12-31SC187615ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC187615ns10:FRS1022024-01-012024-12-31SC187615ns10:Audited2024-01-012024-12-31SC187615ns10:LargeCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC187615ns10:LargeCompaniesRegimeForAccounts2024-01-012024-12-31SC187615ns10:FullAccounts2024-01-012024-12-31SC187615ns10:OrdinaryShareClass12024-01-012024-12-31SC187615ns10:Director22024-01-012024-12-31SC187615ns10:Director32024-01-012024-12-31SC187615ns10:Director42024-01-012024-12-31SC187615ns10:Director52024-01-012024-12-31SC187615ns10:Director62024-01-012024-12-31SC187615ns10:Director72024-01-012024-12-31SC187615ns10:CompanySecretary12024-01-012024-12-31SC187615ns10:RegisteredOffice2024-01-012024-12-31SC18761512024-01-012024-12-31SC18761512023-01-012023-12-31SC187615ns5:CurrentFinancialInstruments2024-12-31SC187615ns5:CurrentFinancialInstruments2023-12-31SC187615ns5:Non-currentFinancialInstruments2024-12-31SC187615ns5:Non-currentFinancialInstruments2023-12-31SC187615ns5:ShareCapital2024-12-31SC187615ns5:ShareCapital2023-12-31SC187615ns5:SharePremium2024-12-31SC187615ns5:SharePremium2023-12-31SC187615ns5:RevaluationReserve2024-12-31SC187615ns5:RevaluationReserve2023-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2024-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2023-12-31SC187615ns5:ShareCapital2022-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2022-12-31SC187615ns5:SharePremium2022-12-31SC187615ns5:RevaluationReserve2022-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31SC187615ns5:RevaluationReserve2023-01-012023-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31SC187615ns5:RevaluationReserve2024-01-012024-12-31SC18761512024-01-012024-12-31SC187615ns5:ReportableOperatingSegment12024-01-012024-12-31SC187615ns5:ReportableOperatingSegment12023-01-012023-12-31SC187615ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2024-01-012024-12-31SC187615ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-01-012023-12-31SC187615ns10:HighestPaidDirector2024-01-012024-12-31SC187615ns10:HighestPaidDirector2023-01-012023-12-31SC187615ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2024-01-012024-12-31SC187615ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-01-012023-12-31SC187615ns5:OwnedAssets2024-01-012024-12-31SC187615ns5:OwnedAssets2023-01-012023-12-31SC187615ns5:LeasedAssets2024-01-012024-12-31SC187615ns5:LeasedAssets2023-01-012023-12-31SC18761552024-01-012024-12-31SC18761552023-01-012023-12-31SC187615ns5:HirePurchaseContracts2024-01-012024-12-31SC187615ns5:HirePurchaseContracts2023-01-012023-12-31SC187615ns10:OrdinaryShareClass12023-01-012023-12-31SC187615ns5:LandBuildings2023-12-31SC187615ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-31SC187615ns5:LeaseholdImprovements2023-12-31SC187615ns5:PlantMachinery2023-12-31SC187615ns5:LandBuildings2024-01-012024-12-31SC187615ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-31SC187615ns5:LeaseholdImprovements2024-01-012024-12-31SC187615ns5:PlantMachinery2024-01-012024-12-31SC187615ns5:LandBuildings2024-12-31SC187615ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-31SC187615ns5:LeaseholdImprovements2024-12-31SC187615ns5:PlantMachinery2024-12-31SC187615ns5:LandBuildings2023-12-31SC187615ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-31SC187615ns5:LeaseholdImprovements2023-12-31SC187615ns5:PlantMachinery2023-12-31SC187615ns5:FurnitureFittings2023-12-31SC187615ns5:MotorVehicles2023-12-31SC187615ns5:ComputerEquipment2023-12-31SC187615ns5:FurnitureFittings2024-01-012024-12-31SC187615ns5:MotorVehicles2024-01-012024-12-31SC187615ns5:ComputerEquipment2024-01-012024-12-31SC187615ns5:FurnitureFittings2024-12-31SC187615ns5:MotorVehicles2024-12-31SC187615ns5:ComputerEquipment2024-12-31SC187615ns5:FurnitureFittings2023-12-31SC187615ns5:MotorVehicles2023-12-31SC187615ns5:ComputerEquipment2023-12-31SC187615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-31SC187615ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-31SC187615ns5:LeasedAssetsHeldAsLessee2024-01-012024-12-31SC187615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-31SC187615ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-31SC187615ns5:LeasedAssetsHeldAsLessee2024-12-31SC187615ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:LeasedAssetsHeldAsLessee2023-12-31SC187615ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC187615ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC187615ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-31SC187615ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-31SC187615ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-31SC187615ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31SC187615ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-31SC187615ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-31SC187615ns5:WithinOneYear2024-12-31SC187615ns5:WithinOneYear2023-12-31SC187615ns5:BetweenOneFiveYears2024-12-31SC187615ns5:BetweenOneFiveYears2023-12-31SC187615ns5:MoreThanFiveYears2024-12-31SC187615ns5:MoreThanFiveYears2023-12-31SC187615ns5:AllPeriods2024-12-31SC187615ns5:AllPeriods2023-12-31SC187615ns5:Secured2024-12-31SC187615ns5:Secured2023-12-31SC187615ns5:DeferredTaxation2023-12-31SC187615ns5:DeferredTaxation2024-01-012024-12-31SC187615ns5:DeferredTaxation2024-12-31SC187615ns10:OrdinaryShareClass12024-12-31SC187615ns5:RetainedEarningsAccumulatedLosses2023-12-31SC187615ns5:SharePremium2023-12-31SC187615ns5:RevaluationReserve2023-12-31SC187615ns10:Director222023-12-31SC187615ns10:Director222022-12-31SC187615ns10:Director222024-01-012024-12-31SC187615ns10:Director222023-01-012023-12-31SC187615ns10:Director222024-12-31SC187615ns10:Director222023-12-31SC1876153ns10:Director32023-12-31SC1876153ns10:Director32022-12-31SC1876153ns10:Director32024-01-012024-12-31SC1876153ns10:Director32023-01-012023-12-31SC1876153ns10:Director32024-12-31SC1876153ns10:Director32023-12-31
REGISTERED NUMBER: SC187615 (Scotland)













Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

A. Caulder & Co. Limited

A. Caulder & Co. Limited (Registered number: SC187615)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 8

Income Statement 12

Other Comprehensive Income 13

Balance Sheet 14

Statement of Changes in Equity 15

Cash Flow Statement 16

Notes to the Cash Flow Statement 17

Notes to the Financial Statements 19


A. Caulder & Co. Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C Barrie
Mrs A Barrie
Ms L MacDonald
E Moody
B Farquhar
C Stark
T Hughes


SECRETARY: C Barrie


REGISTERED OFFICE: Banton Mill
Mill Road
Banton
G65 0QG


REGISTERED NUMBER: SC187615 (Scotland)


AUDITORS: Gerber Landa & Gee
Statutory Auditor
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU


SOLICITORS: Friels Solicitors & Notaries
5 Bank Street
Coatbridge
ML5 1AN

A. Caulder & Co. Limited (Registered number: SC187615)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The company's results for the year and financial position are as shown in the annexed financial statements.

The turnover for the year was £20.75M, an increase of 4.5%. The company's profit before taxation was £1.8M (2023: £1.65M). During the year, the company has continued to invest substantially in its Centres.

The Directors are satisfied with the company's performance in the year under review in particular given that conditions across the industry were difficult with poor weather conditions. The Directors are grateful to our staff for their hard work and to our customers for their continued loyalty.

The company acquired a new Garden Centre in Linlithgow towards the end of the year and is investing substantially to make significant improvements to the site.

Trading figures following the year end have been strong and the Directors believe that the outlook is very positive for the remainder of 2025.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties affecting the business, together with the company's approach to these risks are summarised below:-

Weather

The seasonal nature of garden centres means that inclement weather during the spring and summer seasons can reduce demand and footfall. Caulders continues to invest in our individual centres to improve the customer experience in poorer weather, as well as offering a diverse product range and increasing the capacity of our restaurants to meet customer demand.

Market Conditions

We operate in a competitive market place where DIY stores, supermarkets and discount retailers continue to increase their product offering. Wider economic conditions mean that there is a continued squeeze on the income of our customers and we appreciate their continued loyalty in difficult times. We continue to strive to provide excellent quality and value in everything that we do. At Caulders we pride ourselves on the Garden Centre experience we offer, focussed on high quality products and food and outstanding customer service. This approach continues to prove popular, and the loyalty of our customers continues to be a source of immense pride for us.

Supply Chain Issues

Supply chain issues have decreased over recent years however this remains a key consideration. We have excellent relationships with our suppliers and our team continue to work hard to source the high quality products our customers expect at the best possible price. This, in addition to our new distribution site in central Scotland means we are well placed to mitigate this risk.

IT Risk

Our continued expansion means we are increasingly reliant on our IT systems, and as such there are risks associated with both cyber security and data protection. The company continues to assess the security of our systems constantly under the supervision of our IT Director.


A. Caulder & Co. Limited (Registered number: SC187615)

Strategic Report
for the Year Ended 31 December 2024

SECTION 172(1) STATEMENT
The directors acknowledge and understand their duties and responsibilities, including that of section 172, of the Companies Act 2006. A director of a company must act in a way he or she considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole. We assess the impact of any decisions on our key stakeholders, our staff, our customers, our suppliers and our local communities. The Directors are conscious of balancing the interests of all stakeholders when making any key business decisions, and the short and long term impacts on the business and our stakeholders. In fulfilling our duties, we have (amongst other matters) considered the following:

The interests of the Company's employees

The company values all stakeholders and understands the importance of investing in people to ensure the highest quality is delivered to customers. We are a committed equal opportunities employer and all employment decisions are based on merit alone. We believe that our staff are crucial in promoting a positive environment for our customers and are constantly assessing how we can help our staff grow. Our Directors are all closely involved in the business on a daily basis and are all in daily contact with our staff members to support them in any way we can. We pride ourselves on looking after every member of the Caulders family and believe this has been a pivotal aspect of the Company's success.

The need to foster the Company's business relationships with suppliers, customers and others

Our relationship with our customers and suppliers is crucial to the success of our business, and we strive to create an environment in which our customers feel welcome, we pride ourselves on our friendly and approachable nature in our Centres. We have longstanding relationships with our key suppliers who have continued to support us as we grow as a business and whom we always strive to maintain excellent relationships with.

The impact of the Company's operations on the community and the environment

The Company and the directors have a focus on how projects and the Company impact both communities and the environment. The company is looking at ways we can reduce our carbon footprint.

The desirability of the company maintaining a reputation for high standards of business conduct

The company promotes a customer focus and aims for continuous improvement to deliver a high-quality service which is continually monitored. Our reputation is central to everything we do and we are proud that our customers and staff place their trust in us.

The need to act fairly as between members of the Company

The directors carefully consider all decisions to ensure that they achieve a fair balance between the Company and its members.


A. Caulder & Co. Limited (Registered number: SC187615)

Strategic Report
for the Year Ended 31 December 2024

KEY PERFORMANCE INDICATORS
We monitor a number of indicators of performance across our Garden Centres and restaurants, including turnover, gross profit and net profit.

We have a high degree of focus on staff job satisfaction as we believe that the happiness and wellbeing of our staff is crucial to everything we do.

ON BEHALF OF THE BOARD:



T Hughes - Director


21 March 2025

A. Caulder & Co. Limited (Registered number: SC187615)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the operation of Garden Centres and Restaurants.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £ 60,000 .

The Directors recommend that no final dividend be paid.

FUTURE DEVELOPMENTS
The Company acquired a further Garden Centre in Linlithgow in November 2024 and has since invested heavily in upgrading the site, this Centre will shortly be re-opened and the Directors are excited to welcome customers to this new site. Additionally, the company continues to work on the redevelopment of our Kirkintilloch site with our new restaurant scheduled to open in May 2025 following substantial investment. The company continues to focus on improving the customer experience at all our Centres as well as identifying possible areas for growth.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

C Barrie
Mrs A Barrie
Ms L MacDonald
E Moody
B Farquhar
C Stark
T Hughes

EMPLOYEES
The company ensures that employees are informed about the business and encourages employees suggestions and views where possible in matters that are likely to affect their interests.

We are an equal opportunities employer and all recruitment decisions are based on merit, with all candidates being considered whose skillset is consistent with the requirements of the job.
Opportunities for training, career development and promotion are available to all employees.

STREAMLINED ENERGY AND CARBON REPORTING
This report was prepared in accordance with the Streamlined Energy and Carbon Reporting (SECR) requirements of The Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.

Calculation Methodology

We have collated data regarding the energy use of our Centres, Head Office and vehicles, including electricity, natural gas, propane, Kerosene Burning oil, LPG and diesel and unleaded fuel. All emissions are reported in tonnes of CO2e based on UK Government GHG Conversion Factors for Company Reporting for 2024 as published by the Department for Business, Energy & Industrial Strategy.









A. Caulder & Co. Limited (Registered number: SC187615)

Report of the Directors
for the Year Ended 31 December 2024





STREAMLINED ENERGY AND CARBON REPORTING

Energy Consumption used to calculate emissions (kWh)

UK and Offshore
2024 2023

Electricity (Scope 2) 1,151,434 1,248,784
Natural Gas (Scope 1) 453,360 419,584
LPG (Scope 1) 815,978 736,551
Propane (Scope 1) 29,346 18,504
Kerosene (Scope 1) 199,064 378,812
Diesel Fuel (Scope 1) 457.744 476,684
Biomass Wood Pellets (Scope 1) 253,887 300,279
3,360,813 3,579,198



Gross emissions in metric tonnes CO2e

UK and Offshore
2024 2023

Emissions from activities for which the company
own or control including combustion of fuel &
operation of facilities (Scope 1)


463.92


478.47

Emissions from purchase of electricity, heat, steam
and cooling purchased for own use (Scope 2)

47.75

49.00

Total Gross Scope 1 & Scope 2 Emissions 511.67 527.47


Intensity Ratio


2024 2023

Total Retail Space (m2) 31,445 27,095

Total Scope 1 and 2 emissions (tonnes CO2e) 511.67 527.47
Emissions per m2 (kg CO2e) 16.27 19.47


A. Caulder & Co. Limited (Registered number: SC187615)

Report of the Directors
for the Year Ended 31 December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Gerber Landa & Gee, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





T Hughes - Director


21 March 2025

Report of the Independent Auditors to the Members of
A. Caulder & Co. Limited

Opinion
We have audited the financial statements of A. Caulder & Co. Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
A. Caulder & Co. Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
A. Caulder & Co. Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The Senior Statutory Auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation];
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;
- Tested journal entries to identify unusual transactions;
- Investigated the rationale behind significant or unusual transactions; and

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
A. Caulder & Co. Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ian McGougan (Senior Statutory Auditor)
for and on behalf of Gerber Landa & Gee
Statutory Auditor
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

21 March 2025

A. Caulder & Co. Limited (Registered number: SC187615)

Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 3 20,754,815 19,855,220

Cost of sales 8,764,024 8,279,575
GROSS PROFIT 11,990,791 11,575,645

Administrative expenses 10,224,088 9,901,874
1,766,703 1,673,771

Other operating income 373,378 361,332
OPERATING PROFIT 5 2,140,081 2,035,103

Interest receivable and similar income 41,940 24,304
2,182,021 2,059,407

Interest payable and similar expenses 6 385,844 412,585
PROFIT BEFORE TAXATION 1,796,177 1,646,822

Tax on profit 7 535,362 322,006
PROFIT FOR THE FINANCIAL YEAR 1,260,815 1,324,816

A. Caulder & Co. Limited (Registered number: SC187615)

Other Comprehensive Income
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

PROFIT FOR THE YEAR 1,260,815 1,324,816


OTHER COMPREHENSIVE INCOME
Property Revaluations 6,678,163 -
Income tax relating to other comprehensive
income

(1,645,720

)

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

5,032,443

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

6,293,258

1,324,816

A. Caulder & Co. Limited (Registered number: SC187615)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 27,066,892 17,700,704

CURRENT ASSETS
Stocks 10 2,484,838 2,561,748
Debtors 11 356,517 384,510
Cash at bank and in hand 3,520,362 3,149,166
6,361,717 6,095,424
CREDITORS
Amounts falling due within one year 12 3,623,865 5,191,537
NET CURRENT ASSETS 2,737,852 903,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,804,744

18,604,591

CREDITORS
Amounts falling due after more than one year 13 (5,940,309 ) (2,761,160 )

PROVISIONS FOR LIABILITIES 17 (3,773,935 ) (1,986,189 )
NET ASSETS 20,090,500 13,857,242

CAPITAL AND RESERVES
Called up share capital 18 15,000 15,000
Share premium 19 142,958 142,958
Revaluation reserve 19 11,037,220 6,010,099
Retained earnings 19 8,895,322 7,689,185
SHAREHOLDERS' FUNDS 20,090,500 13,857,242

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





T Hughes - Director


A. Caulder & Co. Limited (Registered number: SC187615)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 January 2023 15,000 6,344,670 142,958 6,089,798 12,592,426

Changes in equity
Dividends - (60,000 ) - - (60,000 )
Total comprehensive income - 1,404,515 - (79,699 ) 1,324,816
Balance at 31 December 2023 15,000 7,689,185 142,958 6,010,099 13,857,242

Changes in equity
Dividends - (60,000 ) - - (60,000 )
Total comprehensive income - 1,266,137 - 5,027,121 6,293,258
Balance at 31 December 2024 15,000 8,895,322 142,958 11,037,220 20,090,500

A. Caulder & Co. Limited (Registered number: SC187615)

Cash Flow Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,696,975 2,303,873
Interest paid (378,999 ) (406,808 )
Interest element of hire purchase payments
paid

(6,845

)

(5,777

)
Tax paid (552,893 ) (388,490 )
Net cash from operating activities 1,758,238 1,502,798

Cash flows from investing activities
Purchase of tangible fixed assets (2,800,208 ) (1,217,996 )
Sale of tangible fixed assets 16,367 26,140
Interest received 41,940 24,304
Net cash from investing activities (2,741,901 ) (1,167,552 )

Cash flows from financing activities
New loans in year 2,511,511 -
Loan repayments in year (1,072,093 ) (883,485 )
Capital repayments in year (95,534 ) (89,245 )
Amount introduced by directors 157,002 206,425
Amount withdrawn by directors (86,027 ) (317,296 )
Equity dividends paid (60,000 ) (60,000 )
Net cash from financing activities 1,354,859 (1,143,601 )

Increase/(decrease) in cash and cash equivalents 371,196 (808,355 )
Cash and cash equivalents at beginning of
year

2

3,149,166

3,957,521

Cash and cash equivalents at end of year 2 3,520,362 3,149,166

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24 31.12.23
£    £   
Profit before taxation 1,796,177 1,646,822
Depreciation charges 210,153 590,124
Profit on disposal of fixed assets (8,050 ) (15,787 )
Finance costs 385,844 412,585
Finance income (41,940 ) (24,304 )
2,342,184 2,609,440
Decrease/(increase) in stocks 76,910 (164,453 )
Decrease in trade and other debtors 8,768 2,564
Increase/(decrease) in trade and other creditors 269,113 (143,678 )
Cash generated from operations 2,696,975 2,303,873

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 3,520,362 3,149,166
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 3,149,166 3,957,521


A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Cash Flow Statement
for the Year Ended 31 December 2024

3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1.1.24 Cash flow changes At 31.12.24
£    £    £    £   
Net cash
Cash at bank
and in hand 3,149,166 371,196 3,520,362
3,149,166 371,196 3,520,362
Debt
Finance leases (45,437 ) 116,361 - (35,362 )
Debts falling due
within 1 year (2,961,457 ) 1,728,978 - (1,232,479 )
Debts falling due
after 1 year (2,715,723 ) (3,189,224 ) - (5,904,947 )
(5,722,617 ) (1,343,885 ) - (7,172,788 )
Total (2,573,451 ) (972,689 ) - (3,652,426 )

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A. Caulder & Co. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements, the directors have made the following judgements:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Assets are considered for impairment. If required an impairment review will be carried out and a decision made on possible impairment. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of the unit.

Turnover
Turnover from the provision of goods and services is recognised in the period in which the goods and services are provided. All goods and services provided are provided to customers on a retail basis. Turnover is stated net of discounts, rebates and value added taxes.

Tangible fixed assets
Freehold properties are initially recorded at cost and subsequently measured at fair value.

Improvements to property and Plant and machinery are stated at their purchase price, together with any incidental expenses of acquisition.

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.


Freehold and Leasehold Property1% Straight Line
Plant and Machinery15% Reducing Balance
Fixtures and Fittings15% Reducing Balance
Motor Vehicles25% Reducing Balance
Computer Equipment33% Reducing Balance


Tangible fixed assets are reviewed annually by the Directors for any indicators of impairment.

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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

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 are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

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.

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.

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparation of the financial statements.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31.12.24 31.12.23
£    £   
Garden Centres and Restaurants 20,754,815 19,855,220
20,754,815 19,855,220

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 6,855,281 6,220,652
Social security costs 488,247 429,716
Other pension costs 132,022 121,763
7,475,550 6,772,131

The average number of employees during the year was as follows:
31.12.24 31.12.23

Garden Centres 115 119
Restaurants 288 254
Administration 24 24
427 397

31.12.24 31.12.23
£    £   
Directors' remuneration 459,090 473,620
Directors' pension contributions to money purchase schemes 32,901 37,910

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 6 6

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
31.12.24 31.12.23
£    £   
Emoluments etc 100,000 115,000
Pension contributions to money purchase schemes 1,320 1,321

The Directors are considered to constitute the key management personnel of the company.

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Hire of plant and machinery 2,521 2,886
Operating lease income (340,652 ) (300,648 )
Depreciation - owned assets 166,315 541,573
Depreciation - assets on hire purchase contracts 43,838 48,551
Profit on disposal of fixed assets (8,050 ) (15,787 )
Auditors' remuneration 25,000 25,000
Auditors' remuneration for non audit work 5,000 5,000

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.24 31.12.23
£    £   
Bank loan interest 375,926 406,808
Corporation tax interest 3,073 -
Hire purchase 6,845 5,777
385,844 412,585

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax 393,336 443,432

Deferred tax 142,026 (121,426 )
Tax on profit 535,362 322,006

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24 31.12.23
£    £   
Profit before tax 1,796,177 1,646,822
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 23.521%)

449,044

387,349

Effects of:
Expenses not deductible for tax purposes 1,757 8,315
Income not taxable for tax purposes (2,013 ) (3,713 )
Capital allowances in excess of depreciation (55,452 ) -
Depreciation in excess of capital allowances - 53,005
Adjustments to tax charge in respect of previous periods - (1,524 )
Deferred tax movement 142,026 (121,426 )
Total tax charge 535,362 322,006

Tax effects relating to effects of other comprehensive income

31.12.24
Gross Tax Net
£    £    £   
Property Revaluations 6,678,163 (1,645,720 ) 5,032,443

8. DIVIDENDS
31.12.24 31.12.23
£    £   
Interim 60,000 60,000

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
COST OR VALUATION
At 1 January 2024 15,719,571 990,850 691,564 579,784
Additions 1,963,758 - 689,151 32,760
Disposals - - - -
Revaluations 6,890,758 - (407,365 ) -
At 31 December 2024 24,574,087 990,850 973,350 612,544
DEPRECIATION
At 1 January 2024 613,827 39,667 20,935 340,935
Charge for year 27,612 9,909 9,734 40,740
Eliminated on disposal - - - -
Revaluation adjustments (518,370 ) - - -
At 31 December 2024 123,069 49,576 30,669 381,675
NET BOOK VALUE
At 31 December 2024 24,451,018 941,274 942,681 230,869
At 31 December 2023 15,105,744 951,183 670,629 238,849

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 1,196,216 408,437 122,766 19,709,188
Additions 73,360 147,465 - 2,906,494
Disposals (99,498 ) (37,388 ) - (136,886 )
Revaluations (550,000 ) - - 5,933,393
At 31 December 2024 620,078 518,514 122,766 28,412,189
DEPRECIATION
At 1 January 2024 585,525 302,651 104,944 2,008,484
Charge for year 54,068 62,208 5,882 210,153
Eliminated on disposal (95,604 ) (32,965 ) - (128,569 )
Revaluation adjustments (226,401 ) - - (744,771 )
At 31 December 2024 317,588 331,894 110,826 1,345,297
NET BOOK VALUE
At 31 December 2024 302,490 186,620 11,940 27,066,892
At 31 December 2023 610,691 105,786 17,822 17,700,704

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
Valuation in 2018 1,148,684 - - -
Valuation in 2021 6,141,028 - - -
Valuation in 2024 6,890,758 - - -
Cost 10,393,617 990,850 973,350 612,544
24,574,087 990,850 973,350 612,544

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2018 - - - 1,148,684
Valuation in 2021 - - - 6,141,028
Valuation in 2024 - - - 6,890,758
Cost 620,078 518,514 122,766 14,231,719
620,078 518,514 122,766 28,412,189

Leasehold property was valued on a fair value basis at the Balance Sheet date by the Directors, taking into account previous valuations. The Directors consider this a prudent approach at the Balance Sheet date.

Freehold Garden Centre properties were valued on an open market basis on 15th October 2024 by George Ranachan and Jamie Savage MRICS on behalf of Christie & Co. Linlithgow Garden Centre was purchased after this date and is held at cost which the Directors consider represents fair value at the Balance Sheet date.

Other Freehold property was valued on an open market basis on 31st August 2021 by Simon Quinton Smith FRICS MI Hort for and on behalf of Quintons Commercial Ltd. The Directors consider that the carrying value of these properties continues to represent the fair value at the Balance Sheet date. Non Garden Centre Freehold property additions since that date are held at cost, which the Directors consider to represent the fair value at the Balance Sheet date.

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. 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 OR VALUATION
At 1 January 2024 55,000 122,124 177,124
Additions - 101,489 101,489
Transfer to ownership - (38,260 ) (38,260 )
At 31 December 2024 55,000 185,353 240,353
DEPRECIATION
At 1 January 2024 8,250 76,201 84,451
Charge for year 7,012 36,826 43,838
Transfer to ownership - (37,973 ) (37,973 )
At 31 December 2024 15,262 75,054 90,316
NET BOOK VALUE
At 31 December 2024 39,738 110,299 150,037
At 31 December 2023 46,750 45,923 92,673

10. STOCKS
31.12.24 31.12.23
£    £   
Stocks 2,484,838 2,561,748

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 10,729 20,850
Other debtors 284,736 282,589
Directors' current accounts - 19,225
Prepayments 61,052 61,846
356,517 384,510

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 14) 1,130,739 2,897,287
Other loans (see note 14) 101,740 64,170
Trade creditors 754,382 768,302
Tax 81,914 241,471
Social security and other taxes 130,233 149,152
VAT 541,777 645,526
Other creditors 436,372 141,013
Credit Card 5,712 1,820
Directors' current accounts 51,750 -
Accrued expenses 389,246 282,796
3,623,865 5,191,537

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 14) 5,894,483 2,700,027
Other loans (see note 14) 10,464 15,696
Hire purchase contracts (see note 15) 35,362 45,437
5,940,309 2,761,160

14. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,130,739 2,897,287
Hire Purchase 96,508 58,938
Other Loans 5,232 5,232
1,232,479 2,961,457

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,523,598 1,064,179
Other loans - 1-2 years 5,232 5,232
1,528,830 1,069,411

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

14. LOANS - continued
31.12.24 31.12.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,434,676 1,635,848
Other loans - 2-5 years 5,232 10,464
2,439,908 1,646,312

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,936,209 -

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Between one and five years 35,362 45,437

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 463,362 415,968
Between one and five years 1,773,448 1,589,872
In more than five years 2,314,291 2,521,602
4,551,101 4,527,442

16. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 7,025,222 5,597,314

The debts are secured by standard securities over the freehold Garden Centre properties of the company and a floating charge over the assets and undertakings of the company.

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

17. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 3,773,935 1,986,189

Deferred
tax
£   
Balance at 1 January 2024 1,986,189
Provided during year 1,787,746
Balance at 31 December 2024 3,773,935

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
15,000 Ordinary 1 15,000 15,000

19. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 January 2024 7,689,185 142,958 6,010,099 13,842,242
Profit for the year 1,260,815 1,260,815
Dividends (60,000 ) (60,000 )
Revaluation of freehold
property - - 6,678,163 6,678,163
Revaluation release 5,322 - (5,322 ) -
Deferred tax - - (1,645,720 ) (1,645,720 )
At 31 December 2024 8,895,322 142,958 11,037,220 20,075,500

20. PENSION COMMITMENTS

During the year the company made contributions to defined contribution pension schemes for its directors and employees totalling £132,022 (2023: £121,763).

A. Caulder & Co. Limited (Registered number: SC187615)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C Barrie
Balance outstanding at start of year 17,095 -
Amounts advanced - 111,746
Amounts repaid (17,095 ) (94,651 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,095

Mrs A Barrie
Balance outstanding at start of year 2,129 -
Amounts advanced - 101,434
Amounts repaid (2,129 ) (99,305 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,129

22. RELATED PARTY DISCLOSURES


During the year, the company rented property from Colin and Mandy Barrie. The charge for the year ended 31 December 2024 amounted to £127,000 (2023: £127,000).

During the year the company paid professional fees of £43,000 to an entity of which one of the Directors is a Director.









23. ULTIMATE CONTROLLING PARTY

The controlling party is C Barrie.