| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2025 |
| for |
| Henderson Grass Machinery Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2025 |
| for |
| Henderson Grass Machinery Limited |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Henderson Grass Machinery Limited |
| Company Information |
| for the Year Ended 31 October 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 47-49 The Square |
| Kelso |
| Roxburghshire |
| TD5 7HW |
| BANKERS: |
| Regional Banking Plaza |
| Festival Square |
| 50 Lothian Road |
| Edinburgh |
| EH3 9AN |
| SOLICITORS: |
| 10 The Square |
| Kelso |
| Roxburghshire |
| TD5 7HW |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Statement of Financial Position |
| 31 October 2025 |
| 31/10/25 | 31/10/24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Statement of Financial Position - continued |
| 31 October 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2025 |
| 1. | STATUTORY INFORMATION |
| Henderson Grass Machinery Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention. |
| The presentation currency is £ sterling. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them. |
| Tangible fixed assets |
| Buildings are depreciated at 2% straight line to its residual value. |
| Motor vehicles are depreciated at 20% straight line. |
| Plant & Machinery is depreciated at 10/20/33% on varying methods as appropriate. |
| Office Equipment is depreciated at 20/33% on varying methods as appropriate. |
| Stocks |
| Inventories are valued at the lower of cost and estimated selling price less costs to sell. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their expected useful lives. |
| Pension costs and other post-retirement benefits |
| The company operates a group personal pension for the benefit of employees and a defined contribution scheme for the directors. The assets of the scheme are held separately from those of the company in a separately administered fund. Contributions payable for the year are charged in the profit and loss account. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Freehold | Plant and | Office | Motor |
| property | machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2024 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/25 | 31/10/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/25 | 31/10/24 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts and finance leases (see note 9) |
| Trade creditors |
| Tax | ( |
) |
| Social security and other taxes |
| VAT | 206,725 | 261,091 |
| Other creditors |
| Invoice factoring account | 109,294 | 164,213 |
| Directors' current accounts | 780,267 | 1,026,267 |
| Accruals and deferred income |
| The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand and an invoice discounting facility. The company expects to operate within the facility currently agreed and within that expected to be agreed periodically with the company's bankers. These views are based on the company's plans and on the successful outcome of discussions with the company's bankers. |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/10/25 | 31/10/24 |
| £ | £ |
| Hire purchase contracts and finance leases (see note 9) |
| 9. | LEASING AGREEMENTS |
| There are no lease payments under hire purchase contracts and finance leases fall due in more than five years. |
| Henderson Grass Machinery Limited (Registered number: SC215348) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/10/25 | 31/10/24 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts and finance leases | 5,974 | 87,044 |
| Trade creditors | - | 914,324 |
| Invoice factoring account | - | 164,213 |
| Hire purchase and finance lease liabilities are secured on the assets to which they relate. |
| The factoring account is held with Clydesdale Bank and the total debtors earmarked against the facility at 31st October 2025 were £109,294. The bank hold a charge over the trade debtors of the company. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by A J Henderson and G N Henderson, directors, who together hold 100% of the issued share capital of the company. |