REGISTERED NUMBER: SC585970 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Newlands Wholesale Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms H C K Newlands

G Rendall

J Rendall

REGISTERED OFFICE:

3/4 Cunningham Road

Springkerse Industrial Estate

Stirling

FK7 7SW

REGISTERED NUMBER:

SC585970 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

80,625

73,095

CURRENT ASSETS

Stocks

12,500

13,200

Debtors

5

49,047

91,965

Cash at bank and in hand

16,334

40,865

77,881

146,030

CREDITORS

Amounts falling due within one year

6

125,297

148,765

NET CURRENT LIABILITIES

(47,416

)

(2,735

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,209

70,360

CREDITORS

Amounts falling due after more than one year

7

(34,648

)

(59,858

)

PROVISIONS FOR LIABILITIES

(12,057

)

(9,910

)

NET (LIABILITIES)/ASSETS

(13,496

)

592

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(13,596

)

492

SHAREHOLDERS' FUNDS

(13,496

)

592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 22 October 2025 and were signed on its behalf by:

J Rendall - Director

1.	STATUTORY INFORMATION

Newlands Wholesale Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

143,544

Additions

39,963

At 31 January 2025

183,507

DEPRECIATION

At 1 February 2024

70,449

Charge for year

32,433

At 31 January 2025

102,882

NET BOOK VALUE

At 31 January 2025

80,625

At 31 January 2024

73,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

-

6,468

Amounts owed by associates

17,027

34,500

Other debtors

32,020

50,997

49,047

91,965

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

8,519

8,519

Hire purchase contracts

14,375

14,375

Trade creditors

63,966

99,542

Amounts owed to associates

12,902

424

Taxation and social security

24,824

23,039

Other creditors

711

2,866

125,297

148,765

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

3,289

11,949

Hire purchase contracts

31,359

47,909

34,648

59,858

8.	SECURED DEBTS

The Royal Bank of Scotland PLC holds a floating charge over the assets of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Ms H C K Newlands

Balance outstanding at start of year

5,883

(417

)

Amounts advanced

40,016

37,140

Amounts repaid

(34,946

)

(30,840

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,953

5,883

J Rendall

Balance outstanding at start of year

3,707

(810

)

Amounts advanced

29,590

35,357

Amounts repaid

(25,983

)

(30,840

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,314

3,707

G Rendall

Balance outstanding at start of year

26,116

(640

)

Amounts advanced

15,710

35,956

Amounts repaid

(2,860

)

(9,200

)

Amounts written off

-

-

Amounts waived

(38,966

)

-

Balance outstanding at end of year

-

26,116

Amounts due to directors are interest free and unsecured.