Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30312023-10-01falseNo description of principal activity30truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC299082 2023-10-01 2024-09-30 SC299082 2022-10-01 2023-09-30 SC299082 2024-09-30 SC299082 2023-09-30 SC299082 c:Director1 2023-10-01 2024-09-30 SC299082 c:Director2 2023-10-01 2024-09-30 SC299082 c:RegisteredOffice 2023-10-01 2024-09-30 SC299082 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 SC299082 d:Buildings d:LongLeaseholdAssets 2024-09-30 SC299082 d:Buildings d:LongLeaseholdAssets 2023-09-30 SC299082 d:PlantMachinery 2023-10-01 2024-09-30 SC299082 d:PlantMachinery 2024-09-30 SC299082 d:PlantMachinery 2023-09-30 SC299082 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC299082 d:MotorVehicles 2023-10-01 2024-09-30 SC299082 d:MotorVehicles 2024-09-30 SC299082 d:MotorVehicles 2023-09-30 SC299082 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC299082 d:OfficeEquipment 2023-10-01 2024-09-30 SC299082 d:OfficeEquipment 2024-09-30 SC299082 d:OfficeEquipment 2023-09-30 SC299082 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC299082 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC299082 d:Goodwill 2023-10-01 2024-09-30 SC299082 d:Goodwill 2024-09-30 SC299082 d:Goodwill 2023-09-30 SC299082 d:CurrentFinancialInstruments 2024-09-30 SC299082 d:CurrentFinancialInstruments 2023-09-30 SC299082 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC299082 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC299082 d:ShareCapital 2024-09-30 SC299082 d:ShareCapital 2023-09-30 SC299082 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC299082 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC299082 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC299082 c:OrdinaryShareClass1 2024-09-30 SC299082 c:OrdinaryShareClass1 2023-09-30 SC299082 c:FRS102 2023-10-01 2024-09-30 SC299082 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC299082 c:FullAccounts 2023-10-01 2024-09-30 SC299082 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC299082 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC299082










BRIDGEND GARDEN CENTRE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BRIDGEND GARDEN CENTRE LIMITED
 

COMPANY INFORMATION


Directors
Mr G McKinlay 
Ms C McKinlay 




Registered number
SC299082



Registered office
Ladybank Road

Freuchie

Fife

KY15 7HY




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
BRIDGEND GARDEN CENTRE LIMITED
REGISTERED NUMBER:SC299082

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
635,975
627,848

  
635,975
627,848

Current assets
  

Stocks
  
71,910
66,960

Debtors: amounts falling due within one year
 6 
6,588
6,885

Bank and cash balances
  
934,477
891,732

  
1,012,975
965,577

Creditors: amounts falling due within one year
 7 
(281,433)
(315,759)

Net current assets
  
 
 
731,542
 
 
649,818

Total assets less current liabilities
  
1,367,517
1,277,666

Provisions for liabilities
  

Deferred tax
  
(60,995)
(55,670)

  
 
 
(60,995)
 
 
(55,670)

Net assets
  
1,306,522
1,221,996


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,306,422
1,221,896

  
1,306,522
1,221,996


Page 1

 
BRIDGEND GARDEN CENTRE LIMITED
REGISTERED NUMBER:SC299082

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2025.




Mr G McKinlay
Ms C McKinlay
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRIDGEND GARDEN CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1.


General information

The Company is limited by shares and incorporated in Scotland. The address of the registered office is Ladybank Road, Freuchie, Fife, Scotland, KY15 7HY.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
BRIDGEND GARDEN CENTRE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 4

 
BRIDGEND GARDEN CENTRE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements
-
0%-15% Straight line
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Office equipment
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 31).

Page 5

 
BRIDGEND GARDEN CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
200,000



At 30 September 2024

200,000



Amortisation


At 1 October 2023
200,000



At 30 September 2024

200,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 6

 
BRIDGEND GARDEN CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5.


Tangible fixed assets





Leasehold improve-ments
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
770,386
247,961
50,895
13,357
1,082,599


Additions
-
4,712
35,249
-
39,961


Disposals
-
-
(20,900)
-
(20,900)



At 30 September 2024

770,386
252,673
65,244
13,357
1,101,660



Depreciation


At 1 October 2023
208,886
201,568
30,940
13,357
454,751


Charge for the year on owned assets
15,275
9,846
5,541
-
30,662


Disposals
-
-
(19,728)
-
(19,728)



At 30 September 2024

224,161
211,414
16,753
13,357
465,685



Net book value



At 30 September 2024
546,225
41,259
48,491
-
635,975



At 30 September 2023
561,500
46,393
19,955
-
627,848

Page 7

 
BRIDGEND GARDEN CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
6,588
6,885



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,370
126,376

Other taxation and social security
71,833
38,428

Other creditors
149,109
146,169

Accruals and deferred income
4,121
4,786

281,433
315,759



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 8