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REGISTERED NUMBER: SC485188 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

Tower House Nursery Limited

Tower House Nursery Limited (Registered number: SC485188)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tower House Nursery Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Shahida Allauddin
Asif Allauddin
Alia Jan





REGISTERED OFFICE: 1 Garngaber Avenue
Lenzie
Glasgow
G66 4LJ





REGISTERED NUMBER: SC485188 (Scotland)





ACCOUNTANTS: NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB

Tower House Nursery Limited (Registered number: SC485188)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,131 215,868

CURRENT ASSETS
Debtors 5 36,310 64,609

CREDITORS
Amounts falling due within one year 6 76,308 52,365
NET CURRENT (LIABILITIES)/ASSETS (39,998 ) 12,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,133

228,112

CREDITORS
Amounts falling due after more than one
year

7

99,717

126,813
NET ASSETS 51,416 101,299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 51,316 101,199
SHAREHOLDERS' FUNDS 51,416 101,299

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 19 April 2025 and were signed on its behalf by:



Asif Allauddin - Director


Tower House Nursery Limited (Registered number: SC485188)

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

1. STATUTORY INFORMATION

Tower House Nursery 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 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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
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 33 (2023 - 29 ) .

Tower House Nursery Limited (Registered number: SC485188)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 11,476 417,244 11,586 440,306
Additions - 9,603 - 9,603
At 31 August 2024 11,476 426,847 11,586 449,909
DEPRECIATION
At 1 September 2023 9,978 206,567 7,893 224,438
Charge for year 375 33,042 923 34,340
At 31 August 2024 10,353 239,609 8,816 258,778
NET BOOK VALUE
At 31 August 2024 1,123 187,238 2,770 191,131
At 31 August 2023 1,498 210,677 3,693 215,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 32,199 26,035
Other debtors 4,111 4,761
Directors' current accounts - 33,813
36,310 64,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,750 10,156
Tax 40,381 38,050
Social security and other taxes 17,548 3,415
Other creditors 3,287 744
Credit Card 5,155 -
Directors' current accounts 1,187 -
76,308 52,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank Loan 1 44,636 49,639
Bank Loan 3 41,331 48,182
Business Support Loan 13,750 28,992
99,717 126,813

Tower House Nursery Limited (Registered number: SC485188)

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

8. RESERVES
Retained
earnings
£   

At 1 September 2023 101,199
Profit for the year 102,697
Dividends (152,580 )
At 31 August 2024 51,316

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
Asif Allauddin
Balance outstanding at start of year 33,813 -
Amounts advanced - 33,813
Amounts repaid (35,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,187 ) 33,813

All the directors loan was repaid on 30/04/2023 within the nine months period from the year end.