Registration number: SC481107

Woolly Thistle Limited

trading as Floral Image Edinburgh

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Woolly Thistle Limited

trading as Floral Image Edinburgh

(Registration number: SC481107)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Intangible assets	4		14,287		7,750
Tangible assets	5		14,955		7,388
			29,242		15,138
Current assets
Stocks	6	20,154		18,473
Debtors	7	13,415		14,594
Cash at bank and in hand		11,955		5,164
		45,524		38,231
Creditors: Amounts falling due within one year	8	(29,283)		(15,383)
Net current assets			16,241		22,848
Total assets less current liabilities			45,483		37,986
Creditors: Amounts falling due after more than one year	8		(29,935)		(10,728)
Provisions for liabilities			(3,749)		(1,886)
Net assets			11,799		25,372
Capital and reserves
Called up share capital		1		1
Profit and loss account		11,798		25,371
Total equity			11,799		25,372

Woolly Thistle Limited

trading as Floral Image Edinburgh

(Registration number: SC481107)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 August 2026
 

......................................... Mr O.D. Mynard Director

Woolly Thistle Limited

trading as Floral Image Edinburgh

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
19 Gateside Gardens
Greenock
PA16 7DQ
Scotland

These financial statements were authorised for issue by the director on 24 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Woolly Thistle Limited

trading as Floral Image Edinburgh

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Computer equipment	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Woolly Thistle Limited

trading as Floral Image Edinburgh

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	10,000	10,000
Additions acquired separately	8,375	8,375
At 31 December 2025	18,375	18,375
Amortisation
At 1 January 2025	2,250	2,250
Amortisation charge	1,838	1,838
At 31 December 2025	4,088	4,088
Carrying amount
At 31 December 2025	14,287	14,287
At 31 December 2024	7,750	7,750

Woolly Thistle Limited

trading as Floral Image Edinburgh

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

5	Tangible assets

	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	1,631	23,444	25,075
Additions	-	19,475	19,475
Disposals	-	(23,444)	(23,444)
At 31 December 2025	1,631	19,475	21,106
Depreciation
At 1 January 2025	1,093	16,594	17,687
Charge for the year	189	4,869	5,058
Eliminated on disposal	-	(16,594)	(16,594)
At 31 December 2025	1,282	4,869	6,151
Carrying amount
At 31 December 2025	349	14,606	14,955
At 31 December 2024	538	6,850	7,388

6

Stocks

	2025 £	2024 £
Other inventories	20,154	18,473

7

Debtors

Debtors: amounts falling due within one year	2025 £	2024 £
Trade debtors	12,873	13,720
Amounts owed by group undertakings	-	350
Other debtors	542	524
	13,415	14,594

Woolly Thistle Limited

trading as Floral Image Edinburgh

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	9,523	2,586
Trade creditors	10,047	1,057
Taxation and social security	5,615	9,740
Other creditors	4,098	2,000
	29,283	15,383
Due after one year
Loans and borrowings	29,935	10,728

9	Parent and ultimate parent undertaking

The company's immediate parent is Edinburgh Flower Rentals Ltd, incorporated in England and Wales.