REGISTERED NUMBER: SC333763 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Treegreen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B O'Reilly

M Bonner

REGISTERED OFFICE:

Challenge House

29 Canal Street

Glasgow

G4 0AD

REGISTERED NUMBER:

SC333763 (Scotland)

ACCOUNTANTS:

Clements

Chartered Accountants

39 St Vincent Place

Glasgow

G1 2ER

FIXED ASSETS

Tangible assets

4

74,364

78,791

CURRENT ASSETS

Stocks

169,488

188,021

Debtors

5

582,671

416,003

Cash at bank

7,131

42,458

759,290

646,482

CREDITORS

Amounts falling due within one year

6

606,928

413,998

NET CURRENT ASSETS

152,362

232,484

TOTAL ASSETS LESS CURRENT LIABILITIES

226,726

311,275

CREDITORS

Amounts falling due after more than one year

7

(55,954

)

(78,691

)

PROVISIONS FOR LIABILITIES

(14,034

)

(14,854

)

NET ASSETS

156,738

217,730

CAPITAL AND RESERVES

Called up share capital

206

206

Share premium

123,901

123,901

Retained earnings

32,631

93,623

SHAREHOLDERS' FUNDS

156,738

217,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 21 August 2026 and were signed on its behalf by:

B O'Reilly - Director

1.	STATUTORY INFORMATION

Treegreen 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.

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.

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of consumer electronics supplied during the period, exclusive of Value Added Tax. The company recognises revenue when it has the right to receive it.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

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 all 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. 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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. £23,000 (2025 - £23,000).

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 25 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

227,682

Additions

23,419

At 30 November 2025

251,101

DEPRECIATION

At 1 December 2024

148,891

Charge for year

27,846

At 30 November 2025

176,737

NET BOOK VALUE

At 30 November 2025

74,364

At 30 November 2024

78,791

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

Plant and

machinery

etc

£

COST

At 1 December 2024

91,944

Additions

17,025

At 30 November 2025

108,969

DEPRECIATION

At 1 December 2024

50,738

Charge for year

14,558

At 30 November 2025

65,296

NET BOOK VALUE

At 30 November 2025

43,673

At 30 November 2024

41,206

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

545,348

376,771

Other debtors

37,323

39,232

582,671

416,003

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

16,982

30,856

Hire purchase contracts

21,967

20,737

Trade creditors

232,015

103,676

Taxation and social security

288,441

210,628

Other creditors

47,523

48,101

606,928

413,998

Included within Other Creditors is a director's current account which is unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

35,302

52,284

Hire purchase contracts

20,652

26,407

55,954

78,691

8.	GOVERNMENT GRANTS

During the period the company benefited from Business Support Grants of £22,806 (2024 - £25,168). In accordance with our accounting policy these credits are included in other income within the Income Statement over the same period as the costs for which they compensate.