ACCOUNTS - Final Accounts preparation

Registered number: SC225388

KIRKTOWN GARDEN CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

KIRKTOWN GARDEN CENTRE LIMITED

COMPANY INFORMATION

Directors	David Graham Gammie
	James William Gammie


Company secretary	James William Gammie


Registered number	SC225388


Registered office	Kirktown Garden Centre
	Fetteresso
	Stonehaven
	Aberdeenshire
	AB39 2UP


Accountants	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ

KIRKTOWN GARDEN CENTRE LIMITED

REGISTERED NUMBER: SC225388

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

FIXED ASSETS
Tangible assets	5		870,833		909,843
Investments	6		50		50
			870,883		909,893
CURRENT ASSETS
Stocks		225,817		254,395
Debtors: amounts falling due within one year	7	32,725		92,663
Bank and cash balances		573,727		381,640
		832,269		728,698
Creditors: amounts falling due within one year	8	(764,015)		(853,346)
NET CURRENT ASSETS/(LIABILITIES)			68,254		(124,648)
TOTAL ASSETS LESS CURRENT LIABILITIES			939,137		785,245
PROVISIONS FOR LIABILITIES
Deferred tax		(19,649)		(22,142)
			(19,649)		(22,142)
NET ASSETS			919,488		763,103

CAPITAL AND RESERVES
Called up share capital	4	4
Profit and loss account	919,484	763,099
	919,488	763,103

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KIRKTOWN GARDEN CENTRE LIMITED

REGISTERED NUMBER: SC225388

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2026.

David Graham Gammie	James William Gammie
Director	Director

The notes on pages 3 to 8 form part of these financial statements.

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KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	GENERAL INFORMATION

Kirktown Garden Centre Limited is a private company, limited by shares, incorporated in Scotland with registration number SC225388. The registered office is Kirktown Garden Centre, Fetteresso, Stonehaven, Aberdeenshire, AB39 2UP. The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

TURNOVER

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.6

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leased improvements	-	2%	straight line
Plant and machinery	-	25%	on reducing balance
Motor vehicles	-	20%	on reducing balance
Fixtures and fittings	-	20%	on reducing balance
Computer equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 38 (2025 - 35).

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KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	INTANGIBLE ASSETS

		Goodwill
		£
	COST
	At 1 February 2025	159,580
	At 31 January 2026	159,580
	AMORTISATION
	At 1 February 2025	159,580
	At 31 January 2026	159,580
	NET BOOK VALUE
	At 31 January 2026	-
	At 31 January 2025	-

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		KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

	5.	TANGIBLE FIXED ASSETS

	Leased improvements	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£	£
COST OR VALUATION
At 1 February 2025	1,201,084	147,553	14,269	319,554	44,333	1,726,793
Additions	-	3,350	-	8,030	400	11,780
Disposals	(4,404)	(45,728)	-	(83,195)	(32,646)	(165,973)
At 31 January 2026	1,196,680	105,175	14,269	244,389	12,087	1,572,600
DEPRECIATION
At 1 February 2025	379,807	125,229	2,854	266,014	43,046	816,950
Charge for the year on owned assets	23,511	6,324	2,283	11,029	745	43,892
Disposals	(4,299)	(45,357)	-	(76,773)	(32,646)	(159,075)
At 31 January 2026	399,019	86,196	5,137	200,270	11,145	701,767
NET BOOK VALUE
At 31 January 2026	797,661	18,979	9,132	44,119	942	870,833
At 31 January 2025	821,277	22,324	11,415	53,540	1,287	909,843

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KIRKTOWN GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

6.	FIXED ASSET INVESTMENTS

		Unlisted investments
		£
	COST OR VALUATION
	At 1 February 2025	50
	At 31 January 2026	50

DEBTORS

					2026	2025
					£	£


Trade debtors	3,705	68,518
Other debtors	29,020	24,145
	32,725	92,663

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2026	2025
		£	£

Trade creditors	99,738	115,693
Amounts owed to group undertakings	503,929	615,142
Other taxation and social security	87,420	62,332
Other creditors	72,928	60,179
	764,015	853,346

9.	SHARE CAPITAL
		2026	2025
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

4 (2025 - 4) Ordinary share capital shares of £1.00 each	4	4

10.	CONTROLLING PARTY

Kirktown Garden Centre Limited is a 100% subsidary of Dunbar Holdings Limited, a company registered in Scotland. The registered office of the parent company is Kirktown Garden Centre, Fetteresso, Stonehaven, Aberdeenshire, AB39 2UP.

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