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Registered number: 09218491
Vertical Greening Systems Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Vertical Greening Systems Ltd
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Vertical Greening Systems Ltd
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: 09218491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,253 1,367
1,253 1,367
CURRENT ASSETS
Debtors 5 16,231 17,082
Cash at bank and in hand 6 926
16,237 18,008
Creditors: Amounts Falling Due Within One Year 6 (22,321 ) (23,238 )
NET CURRENT ASSETS (LIABILITIES) (6,084 ) (5,230 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,831 ) (3,863 )
NET LIABILITIES (4,831 ) (3,863 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (4,931 ) (3,963 )
SHAREHOLDERS' FUNDS (4,831) (3,863)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:
Mr Angus Cunningham
Director
30/09/2025
The notes on pages 2 to 5 form part of these financial statements.
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Page 2
Vertical Greening Systems Ltd
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
Vertical Greening Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09218491 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, SM6 7AH. The place of business is Ditton Nurseries, Summerfield Lane, Long Ditton, Surbiton, Surrey, United Kingdom, KT6
5DZ
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
2.2. Going Concern Disclosure
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of bespoke goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Patents 20 Years
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Vertical Greening Systems Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.7. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2.8. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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Vertical Greening Systems Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 2,278
As at 30 September 2024 2,278
Amortisation
As at 1 October 2023 911
Provided during the period 114
As at 30 September 2024 1,025
Net Book Value
As at 30 September 2024 1,253
As at 1 October 2023 1,367
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 16,231 17,082
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9 9
Other creditors 22,312 23,229
22,321 23,238
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The company has taken advantage of the exemption available in accordance with FRS 102, section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
Other related party balances were as follows:
At the year end, Scotscape Landscaping Limited, a company in which A Cunningham has a material interest, owed a balance of £9,011 (2023: £9,011) to Vertical Greening Systems Limited. No interest has been charged on this amount.
At the year end, Scotscape Smartscape Limited, a company in which A Cunningham has a material interest, owed a balance of £7,220 (2023: £8,070) to Vertical Greening Systems Limited. No interest has been charged on this amount.
As at the financial year end the company owed £11,656 (2023: £11,656) to Scotscape Group Limited. There was no interest payable or receivable on these loans.
As at the financial year end the company owed £8,140 (2023: £8,140) to Scotscape Maintenance Limited. There was no interest payable or receivable on these loans.
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Vertical Greening Systems Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
9. Ultimate Controlling Party
The parent company is Scotscape Group Limited, a company incorporated and registered in the United Kingdom. The registered office of Scotscape Group Limited is Trinity Court, 34 West Street, Sutton, Surrey, SM1 1SH
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