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REGISTERED NUMBER: SC281966 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOME & GARDENS LIMITED

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

HOME & GARDENS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | T McColm

| Mrs J McColm

| D McColm

| REGISTERED OFFICE: | 84 George Street

| Stranraer

| WIGTOWNSHIRE

| DG9 7JS

| REGISTERED NUMBER: | SC281966 (Scotland)

| ACCOUNTANTS: | Galbraith Pritchards

| 20 Barns Street

| Ayr

| Ayrshire

| KA7 1XA

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

BALANCE SHEET

31 DECEMBER 2024

| 31/12/24 | 31/12/23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 125,800 |  | 141,000 |  |

Tangible assets | 5 | 274,296 |  | 311,551 |  |

Investments | 6 | 17,500 |  | 17,500 |  |

Investment property | 7 | 250,000 |  | 250,000 |  |

667,596 |  | 720,051 |  |

CURRENT ASSETS

Stocks | 659,467 |  | 728,362 |  |

Debtors | 8 | 670,052 |  | 328,958 |  |

Cash at bank and in hand | 536,672 |  | 635,135 |  |

1,866,191 |  | 1,692,455 |  |

CREDITORS

Amounts falling due within one year | 9 | 342,309 |  | 344,430 |  |

NET CURRENT ASSETS | 1,523,882 |  | 1,348,025 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,191,478 |  | 2,068,076 |  |

CREDITORS

Amounts falling due after more than one year | 10 | - |  | (15,920 | ) |

PROVISIONS FOR LIABILITIES | (20,028 | ) | (28,296 | ) |

NET ASSETS | 2,171,450 |  | 2,023,860 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 11 | 52,696 |  | 52,696 |  |

Retained earnings | 2,118,654 |  | 1,971,064 |  |

2,171,450 |  | 2,023,860 |  |

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

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

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

BALANCE SHEET - continued

31 DECEMBER 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 Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

D McColm - Director

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Home & Gardens 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.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, which are described in this note, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill has been amortised evenly over its useful life.

| 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.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 25 (2023 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 380,000 |  |

| AMORTISATION

| At 1 January 2024 | 239,000 |  |

| Charge for year | 15,200 |  |

| At 31 December 2024 | 254,200 |  |

| NET BOOK VALUE

| At 31 December 2024 | 125,800 |  |

| At 31 December 2023 | 141,000 |  |

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 409,104 |  | 653,812 |  | 1,062,916 |  |

| Additions | 4,292 |  | - |  | 4,292 |  |

| Disposals | - |  | (89,436 | ) | (89,436 | ) |

| At 31 December 2024 | 413,396 |  | 564,376 |  | 977,772 |  |

| DEPRECIATION

| At 1 January 2024 | 211,956 |  | 539,409 |  | 751,365 |  |

| Charge for year | 8,254 |  | 27,049 |  | 35,303 |  |

| Eliminated on disposal | - |  | (83,192 | ) | (83,192 | ) |

| At 31 December 2024 | 220,210 |  | 483,266 |  | 703,476 |  |

| NET BOOK VALUE

| At 31 December 2024 | 193,186 |  | 81,110 |  | 274,296 |  |

| At 31 December 2023 | 197,148 |  | 114,403 |  | 311,551 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 17,500 |  |

| NET BOOK VALUE

| At 31 December 2024 | 17,500 |  |

| At 31 December 2023 | 17,500 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 250,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 250,000 |  |

| At 31 December 2023 | 250,000 |  |

HOME & GARDENS LIMITED (REGISTERED NUMBER: SC281966)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Trade debtors | 29,261 |  | 20,783 |  |

| Other debtors | 640,791 |  | 308,175 |  |

670,052 |  | 328,958 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Trade creditors | 70,962 |  | 62,825 |  |

| Taxation and social security | 134,529 |  | 144,043 |  |

| Other creditors | 136,818 |  | 137,562 |  |

342,309 |  | 344,430 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Other creditors | - |  | 15,920 |  |

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2024

| and 31 December 2024 | 52,696 |  |

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is D McColm.