Company registration number SC205624 (Scotland)
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
COMPANY INFORMATION
Directors
Mrs B Ronnie
Mr T Burns
Mr S Ronnie
Secretary
Mrs B Ronnie
Company number
SC205624
Registered office
5 Mitchell Street
Edinburgh
Scotland
EH6 7BD
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
United Kingdom
PA4 8WF
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
24,658
32,802
Investment property
5
290,000
316,343
314,658
349,145
Current assets
Stocks
6,000
6,000
Debtors
6
295,398
317,404
Cash at bank and in hand
1
18,029
301,399
341,433
Creditors: amounts falling due within one year
7
(126,671)
(176,871)
Net current assets
174,728
164,562
Total assets less current liabilities
489,386
513,707
Creditors: amounts falling due after more than one year
8
(125,720)
(141,602)
Provisions for liabilities
(6,164)
(8,200)
Net assets
357,502
363,905
Capital and reserves
Called up share capital
6
6
Non-distributable profits reserve
9
(26,343)
-
0
Distributable profit and loss reserves
383,839
363,899
Total equity
357,502
363,905

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

NUTREND OFFICE & CONTRACT FURNITURE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 October 2025 and are signed on its behalf by:
Mrs B Ronnie
Director
Company Registration No. SC205624
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Nutrend Office & Contract Furniture Limited is a private company limited by shares incorporated in Scotland. The registered office is 5 Mitchell Street, Edinburgh, Scotland, EH6 7BD.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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 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.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Leasehold land and buildings
10% straight line
Fixtures and fittings
20% reducing balance
Computers
30% reducing balance / 33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

NUTREND OFFICE & CONTRACT FURNITURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
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.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

NUTREND OFFICE & CONTRACT FURNITURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
60,000
Amortisation and impairment
At 1 February 2024 and 31 January 2025
60,000
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2024 and 31 January 2025
142,732
53,177
195,909
Depreciation and impairment
At 1 February 2024
121,953
41,154
163,107
Depreciation charged in the year
5,136
3,008
8,144
At 31 January 2025
127,089
44,162
171,251
Carrying amount
At 31 January 2025
15,643
9,015
24,658
At 31 January 2024
20,779
12,023
32,802
5
Investment property
2025
£
Fair value
At 1 February 2024
316,343
Revaluations
(26,343)
At 31 January 2025
290,000

Investment property comprises one property purchased on 12 November 2019. It has been revalued in the accounts to the market value at 31 January 2025.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,966
59,237
Other debtors
242,239
229,477
266,205
288,714
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
29,193
28,690
Total debtors
295,398
317,404
NUTREND OFFICE & CONTRACT FURNITURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
18,222
21,902
Trade creditors
59,141
85,553
Taxation and social security
22,532
29,058
Other creditors
26,776
40,358
126,671
176,871

The Bank of Scotland holds a charge over the Investment Property held by the company in respect of bank loans totalling £2,351 as at 31 January 2025 (2024 : £9,166).

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
125,720
141,602

The Bank of Scotland holds a charge over the Investment Property held by the company in respect of bank loans totalling £120,531 as at 31 January 2025 (2024 : £122,885).

9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
-
-
Non distributable profits in the year
(26,343)
-
At the end of the year
(26,343)
-
10
Related party transactions

At the balance sheet date the company was owed £29,193 (2024: 28,690) by Bond Properties, a partnership of which Brenda Ronnie and Terrance Burns are partners.

11
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mrs B Ronnie -
-
74,823
5,354
1,734
(500)
81,411
Mr T Burns -
-
95,603
3,887
2,124
(2,500)
99,114
170,426
9,241
3,858
(3,000)
180,525
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