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Registered number: 07524499
Rosewood Irrigation & Living Walls Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07524499
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 137,721 139,244
137,721 139,244
CURRENT ASSETS
Stocks 5 31,138 23,613
Debtors 6 82,561 53,905
Cash at bank and in hand 76,779 25,950
190,478 103,468
Creditors: Amounts Falling Due Within One Year 7 (93,282 ) (39,939 )
NET CURRENT ASSETS (LIABILITIES) 97,196 63,529
TOTAL ASSETS LESS CURRENT LIABILITIES 234,917 202,773
Creditors: Amounts Falling Due After More Than One Year 8 (28,772 ) (2,651 )
NET ASSETS 206,145 200,122
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 206,045 200,022
SHAREHOLDERS' FUNDS 206,145 200,122
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For the year ending 28 February 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Victoria Leaver
Director
06/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rosewood Irrigation & Living Walls Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07524499 . The registered office is Harrison House Sheep Walk, Langford Road, Biggleswade, Bedfordshire, SG18 9RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2025: 11)
9 11
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2025 46,476 59,737 201,717 91,203
Additions - 4,250 38,414 4,800
Disposals - (8,750 ) (35,080 ) -
As at 28 February 2026 46,476 55,237 205,051 96,003
Depreciation
As at 1 March 2025 20,063 46,627 158,826 48,267
Provided during the period 4,648 3,635 11,709 11,136
Disposals - (7,193 ) (23,364 ) -
As at 28 February 2026 24,711 43,069 147,171 59,403
Net Book Value
As at 28 February 2026 21,765 12,168 57,880 36,600
As at 1 March 2025 26,413 13,110 42,891 42,936
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Computer Equipment Total
£ £
Cost
As at 1 March 2025 21,305 420,438
Additions - 47,464
Disposals - (43,830 )
As at 28 February 2026 21,305 424,072
Depreciation
As at 1 March 2025 7,411 281,194
Provided during the period 4,586 35,714
Disposals - (30,557 )
As at 28 February 2026 11,997 286,351
Net Book Value
As at 28 February 2026 9,308 137,721
As at 1 March 2025 13,894 139,244
5. Stocks
2026 2025
£ £
Stock 31,138 23,613
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 65,032 28,799
Other debtors 17,529 25,106
82,561 53,905
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 5,354 4,531
Trade creditors - 1
Bank loans and overdrafts 2,651 10,446
Other creditors 46,029 12,677
Taxation and social security 39,248 12,284
93,282 39,939
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8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 28,772 -
Bank loans - 2,651
28,772 2,651
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,354 4,531
Later than one year and not later than five years 28,772 -
34,126 4,531
34,126 4,531
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2025 Amounts advanced Amounts repaid Amounts written off As at 28 February 2026
£ £ £ £ £
Mr Andrew Leaver 4,062 - 6,688 - (2,626 )
Mrs Victoria Leaver 4,062 - 6,688 - (2,626 )
The above loan is unsecured, interest free and repayable on demand.
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