Woodlands Nursery (Banchory) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC377359 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Woodlands Nursery (Banchory) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Adam

Mr N Adam

SECRETARY:

Mr N Adam

REGISTERED OFFICE:

Burn O Bennie Road

Banchory

Aberdeenshire

AB31 5NN

REGISTERED NUMBER:

SC377359 (Scotland)

ACCOUNTANTS:

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

FIXED ASSETS

Tangible assets

5

868,818

878,617

CURRENT ASSETS

Stocks

1,500

Debtors

6

93,739

94,484

Cash at bank

294,828

180,779

390,067

276,763

CREDITORS

Amounts falling due within one year

7

132,459

107,618

NET CURRENT ASSETS

257,608

169,145

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,426

1,047,762

CREDITORS

Amounts falling due after more than one
year

8

(456,412

)

(500,254

)

PROVISIONS FOR LIABILITIES

(47,229

)

(46,082

)

NET ASSETS

622,785

501,426

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

621,785

500,426

SHAREHOLDERS' FUNDS

622,785

501,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 31 March 2026 and were signed on its behalf by:

Mrs A Adam - Director

1.	STATUTORY INFORMATION

Woodlands Nursery (Banchory) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are prepared in sterling and monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Land and buildings is comprised of freehold property. The company accounts for land and buildings using the historic cost model. It is the opinion of the directors that the valuation is not materially different from cost.

Depreciation on the assets (including buildings) is provided at various annual rates in order to write off each asset over its estimated useful life or, if held under a finance agreement, over the lease term, whichever is the shorter.

Freehold property

2% on a cost basis

Plant and machinery etc

Various rates between 2-25% on either a cost or a reducing balance basis

Stocks

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short term employee benefits

Short-term employee benefits, including holiday pay, are recognised as an expense in the profit and loss in the period in which they are incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 35 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

719,476

248,745

968,221

Additions

-

13,722

At 31 July 2025

719,476

262,467

981,943

DEPRECIATION

At 1 August 2024

25,186

64,418

89,604

Charge for year

14,389

9,132

23,521

At 31 July 2025

39,575

73,550

113,125

NET BOOK VALUE

At 31 July 2025

679,901

188,917

868,818

At 31 July 2024

694,290

184,327

878,617

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Other debtors

21,039

20,584

Amounts falling due after more than one year:

Other debtors

72,700

73,900

Aggregate amounts

93,739

94,484

Included in debtors is a £70,000 interest free loan to Out There Active Wear, a company which is owned and directed by Mr N Adam, a shareholder and director of Woodlands Nursery Limited.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

43,475

50,000

Trade creditors

3,502

2,926

Taxation and social security

70,909

39,132

Other creditors

14,573

15,560

132,459

107,618

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

456,412

500,254

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

1,367

Between one and five years

2,394

3,761

5,128

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

499,888

537,116

The bank holds a bond and standard security firstly over the subjects known as Woodlands Nursery (Banchory) Limited, Burn O'Bennie Road, Banchory, AB31 5NN and secondly over the subjects forming sites 6 & 7 Hill of Banchory Business Park, Banchory.

The bank also holds a bond and floating charge over the whole property and corporeal assets belonging to the company.

11.	GUARANTEED LOANS

The lender of the Coronavirus Bounce Back Loan has a full (100%) government-backed guarantee against both the capital and the interest, although Woodlands Nursery (Banchory) Limited remains fully liable for the debt.