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Company Registration No. SC753848 (Scotland)
Sadco Nursery Group Ltd Unaudited accounts for the year ended 31 December 2024
Sadco Nursery Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sadco Nursery Group Ltd Company Information for the year ended 31 December 2024
Directors
Mohammad Amir Sadiq Sanya Yasmin Sadiq Saqib Assam Sadiq Yasmin Sadiq
Company Number
SC753848 (Scotland)
Registered Office
90 Fernlea Bearsden Glasgow G61 1NB Scotland
Accountants
AMS Accounting Services Ltd Chartered Certified Accountants 7 Callanish Crescent Newton Mearns Glasgow United Kingdom G77 5WT
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Sadco Nursery Group Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
128,000 
128,000 
Tangible assets
5
285,352 
289,209 
413,352 
417,209 
Current assets
Inventories
496 
315 
Debtors
6
13,106 
16,172 
Cash at bank and in hand
31,922 
44,382 
45,524 
60,869 
Creditors: amounts falling due within one year
7
(157,779)
(202,205)
Net current liabilities
(112,255)
(141,336)
Total assets less current liabilities
301,097 
275,873 
Creditors: amounts falling due after more than one year
8
(255,508)
(265,894)
Net assets
45,589 
9,979 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
45,585 
9,975 
Shareholders' funds
45,589 
9,979 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Mohammad Amir Sadiq Director Company Registration No. SC753848
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Sadco Nursery Group Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sadco Nursery Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC753848. The registered office is 90 Fernlea, Bearsden, Glasgow, G61 1NB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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, being the amount paid in connection with the acquisition of a business is nil. It is being amortised evenly over its estimated useful life of nil years.
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance basis
Motor vehicles
25% on reducing balance basis
Fixtures & fittings
15% on reducing balance basis
Computer equipment
15% on reducing balance basis
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.
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Sadco Nursery Group Ltd Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. 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.
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
128,000 
At 31 December 2024
128,000 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
128,000 
At 31 December 2023
128,000 
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Sadco Nursery Group Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
263,500 
7,000 
19,069 
4,177 
293,746 
At 31 December 2024
263,500 
7,000 
19,069 
4,177 
293,746 
Depreciation
At 1 January 2024
- 
1,050 
2,860 
627 
4,537 
Charge for the year
- 
893 
2,431 
533 
3,857 
At 31 December 2024
- 
1,943 
5,291 
1,160 
8,394 
Net book value
At 31 December 2024
263,500 
5,057 
13,778 
3,017 
285,352 
At 31 December 2023
263,500 
5,950 
16,209 
3,550 
289,209 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,106 
16,172 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
646 
465 
Taxes and social security
8,975 
5,199 
Other creditors
18,759 
20,409 
Loans from directors
127,749 
174,532 
Accruals
1,650 
1,600 
157,779 
202,205 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
255,508 
265,894 
9
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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