Company Registration No. SC420427 (Scotland)
Sadco Nurseries Ltd
Unaudited accounts
for the year ended 31 March 2025
Sadco Nurseries Ltd
Unaudited accounts
Contents
Sadco Nurseries Ltd
Company Information
for the year ended 31 March 2025
Directors
M Saleem Sadiq
Arshad Sadiq
Amjid Sadiq
Company Number
SC420427 (Scotland)
Registered Office
2 Methven Avenue
Bearsden
Glasgow
G61 2AX
Accountants
AMS Accounting Services Ltd
Chartered Certified Accountants
7 Callanish Crescent Newton Mearns
Glasgow
United Kingdom
G77 5WT
Sadco Nurseries Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
292,181
292,181
Tangible assets
210,637
187,720
Cash at bank and in hand
131,247
65,312
Creditors: amounts falling due within one year
(139,257)
(183,228)
Net current assets
492,201
397,771
Total assets less current liabilities
995,019
877,672
Provisions for liabilities
Deferred tax
(7,685)
(7,685)
Net assets
987,334
869,987
Called up share capital
5,000
5,000
Profit and loss account
982,334
864,987
Shareholders' funds
987,334
869,987
For the year ending 31 March 2025 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 22 December 2025 and were signed on its behalf by
M Saleem Sadiq
Director
Company Registration No. SC420427
Sadco Nurseries Ltd
Notes to the Accounts
for the year ended 31 March 2025
Sadco Nurseries Ltd is a private company, limited by shares, registered in Scotland, registration number SC420427. The registered office is 2 Methven Avenue, Bearsden, Glasgow, G61 2AX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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 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.
Sadco Nurseries Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
Under this scheme, business can access finance to maximum amount of £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest is capped at 2.5% per year.
Government grants in relation to COVID-19 which becomes receivable as compensation for losses or expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme relates to staff who have been furloughed due to Covid-19. The grant is recognised within income and is not offset against expenditure (eg payroll cost) in profit or loss. CJRS grant is taxable income and hence is brought into tax computation as such.
Where a CJRS grant is receivable by the reporting date but has not been received, a debtor balance is recognised.
Business rates relief is not a government grant and hence FRS102, Section 24 and FRS 105, Section 19 will not apply. Where an entity has taken advantage off the business rates relief, it will be treated as an absent cost and profit or loss charge will be reduced for the period of the relief.
Sadco Nurseries Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
151,022
12,158
11,296
96,896
3,508
274,880
Additions
-
-
-
25,322
3,135
28,457
At 31 March 2025
151,022
12,158
11,296
122,218
6,643
303,337
At 1 April 2024
-
10,429
10,938
62,784
3,009
87,160
Charge for the year
-
259
89
5,117
75
5,540
At 31 March 2025
-
10,688
11,027
67,901
3,084
92,700
At 31 March 2025
151,022
1,470
269
54,317
3,559
210,637
At 31 March 2024
151,022
1,729
358
34,112
499
187,720
Amounts falling due within one year
Trade debtors
89,695
105,319
Accrued income and prepayments
10,000
10,000
Amounts falling due after more than one year
Other debtors
400,000
400,000
Sadco Nurseries Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
41,705
53,149
Other creditors
24,657
24,657
Loans from directors
68,121
98,485
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
9
Transactions with related parties
Mr M S Sadiq, a director is owed an amount of £25,618 (2024: £35,739) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
Mr A Sadiq, a director is owed an amount of £29,261 (2024: £46,379) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
Mr A Sadiq, a director is owed an amount of £13,242 (2024: £16,367) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
10
Average number of employees
During the year the average number of employees was 36 (2024: 34).