REGISTERED NUMBER: 05367225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GROWING BEDS RECYCLING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Evans

Mrs I M Wootton Evans

SECRETARY:

Mrs I M Wootton Evans

REGISTERED OFFICE:

Ravensden House

Wood End

Ravensden

Bedford

MK44 2SR

REGISTERED NUMBER:

05367225 (England and Wales)

ACCOUNTANTS:

GB Accounting Solutions Limited

Building 115

Bedford Technology Park

Thurleigh

Bedford

Bedfordshire

MK44 2YA

FIXED ASSETS

Tangible assets

4

4,172,900

3,448,563

CURRENT ASSETS

Stocks

192,699

142,720

Debtors

5

454,602

773,858

Cash at bank

5,185

50,358

652,486

966,936

CREDITORS

Amounts falling due within one year

6

(935,580

)

(717,688

)

NET CURRENT (LIABILITIES)/ASSETS

(283,094

)

249,248

TOTAL ASSETS LESS CURRENT LIABILITIES

3,889,806

3,697,811

CREDITORS

Amounts falling due after more than one year

7

(1,196,308

)

(1,019,046

)

PROVISIONS FOR LIABILITIES

(313,407

)

(313,227

)

NET ASSETS

2,380,091

2,365,538

CAPITAL AND RESERVES

Called up share capital

40

40

Revaluation reserve

9

853,831

853,831

Retained earnings

9

1,526,220

1,511,667

SHAREHOLDERS' FUNDS

2,380,091

2,365,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2026 and were signed on its behalf by:

M A Evans - Director

Mrs I M Wootton Evans - Director

1.	STATUTORY INFORMATION

Growing Beds Recycling Services Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

2,218,200

2,013,833

4,232,033

Additions

325,000

633,139

958,139

Disposals

-

(1,200

)

(1,200

)

At 31 August 2025

2,543,200

2,645,772

5,188,972

DEPRECIATION

At 1 September 2024

418,200

365,270

783,470

Charge for year

-

233,262

233,262

Eliminated on disposal

-

(660

)

(660

)

At 31 August 2025

418,200

597,872

1,016,072

NET BOOK VALUE

At 31 August 2025

2,125,000

2,047,900

4,172,900

At 31 August 2024

1,800,000

1,648,563

3,448,563

Cost or valuation at 31 August 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

853,831

-

853,831

Cost

1,689,369

2,645,772

4,335,141

2,543,200

2,645,772

5,188,972

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.25

31.8.24

£

£

Cost

1,364,369

1,364,369

Freehold land and buildings were valued on an open market basis on 5 March 2024 by Fisher German LLP .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 September 2024

1,476,049

Additions

596,052

At 31 August 2025

2,072,101

DEPRECIATION

At 1 September 2024

228,525

Charge for year

211,579

At 31 August 2025

440,104

NET BOOK VALUE

At 31 August 2025

1,631,997

At 31 August 2024

1,247,524

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

443,094

448,735

Amounts owed by group undertakings

4,909

4,909

Other debtors

6,599

320,214

454,602

773,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

197,922

155,802

Hire purchase contracts

466,347

295,524

Trade creditors

142,763

142,545

Taxation and social security

102,699

109,651

Other creditors

25,849

14,166

935,580

717,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

425,534

291,781

Hire purchase contracts

770,774

727,265

1,196,308

1,019,046

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

497,639

383,216

Hire purchase contracts

1,237,121

1,022,789

1,734,760

1,406,005

Bank loans are secured by a first legal mortgage charge over the company's present and future freehold and leasehold properties (if any) and an unscheduled debenture incorporating a fixed and floating charge over all current and future assets of the company.

Hire purchase loans are secured over the assets of the loans.

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 September 2024

1,511,667

853,831

2,365,498

Profit for the year

114,553

114,553

Dividends

(100,000

)

(100,000

)

At 31 August 2025

1,526,220

853,831

2,380,051

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.25

31.8.24

£

£

M A Evans and Mrs I M Wootton Evans

Balance outstanding at start of year

249,666

126,293

Amounts advanced

-

123,373

Amounts repaid

(249,666

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

249,666