Springhill Nurseries (Wholesale) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC122649

Springhill Nurseries (Wholesale) Limited

Filleted Unaudited Financial Statements

31 December 2024

Springhill Nurseries (Wholesale) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	162,163	190,118
Investments	6	10,941	10,941
		---------	---------
		173,104	201,059

Current assets

Stocks		163,853	187,114
Debtors	7	35,392	33,129
Cash at bank and in hand		19,117	60,485
		---------	---------
		218,362	280,728

Creditors: amounts falling due within one year	8	54,518		78,067
		---------		---------
Net current assets			163,844	202,661
			---------	---------
Total assets less current liabilities			336,948	403,720

Creditors: amounts falling due after more than one year	9		6,667	16,667

Provisions

Taxation including deferred tax	24,635	31,397
	---------	---------
Net assets	305,646	355,656
	---------	---------

Capital and reserves

Called up share capital	114,647	114,647
Profit and loss account	190,999	241,009
	---------	---------
Shareholders funds	305,646	355,656
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Springhill Nurseries (Wholesale) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:

Mr DW Smith	Mr SE Smith
Director	Director

Company registration number: SC122649

Springhill Nurseries (Wholesale) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Dunecht Gardens, Dunecht, Aberdeenshire, AB32 7DD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant & Machinery	-	20% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

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 the Statement of income and Retained Earnings when they fall due. The assets of the plan are held separately from the Company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	72,931	310,776	159,596	20,931	564,234
	--------	---------	---------	--------	---------
Depreciation
At 1 January 2024	12,306	222,884	121,040	17,886	374,116
Charge for the year	128	17,579	9,639	609	27,955
	--------	---------	---------	--------	---------
At 31 December 2024	12,434	240,463	130,679	18,495	402,071
	--------	---------	---------	--------	---------
Carrying amount
At 31 December 2024	60,497	70,313	28,917	2,436	162,163
	--------	---------	---------	--------	---------
At 31 December 2023	60,625	87,892	38,556	3,045	190,118
	--------	---------	---------	--------	---------

The cost of land and buildings includes £56,783 which comprises land on which no depreciation is charged.

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	10,941
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	10,941
	--------
At 31 December 2023	10,941
	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	26,838	25,822
Other debtors	8,554	7,307
	--------	--------
	35,392	33,129
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	25,591	13,794
Accruals and deferred income	2,919	8,518
Corporation tax	292	12,641
Social security and other taxes	15,716	18,114
Director loan accounts	–	15,000
	--------	--------
	54,518	78,067
	--------	--------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	6,667	16,667
	-------	--------