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REGISTERED NUMBER: SC197812 (Scotland)








AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GARDINER ICM LIMITED
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


GARDINER ICM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025







DIRECTORS: Mr D A Hutchinson
Mr I Learmonth



SECRETARY: Miss S Smith



REGISTERED OFFICE: Gask Farm
Turriff
Aberdeenshire
AB53 8BP



REGISTERED NUMBER: SC197812 (Scotland)



AUDITORS: Bain Henry Reid
Statutory Auditors
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY



BANKERS: Clydesdale Bank plc
1 Main Street
Turriff
Aberdeenshire
AB53 4AA
Page 1
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

BALANCE SHEET
31 DECEMBER 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,752 27,900

CURRENT ASSETS
Stocks 594,795 574,071
Debtors 5 700,433 1,037,081
Cash at bank 1,930,668 1,420,289
3,225,896 3,031,441
CREDITORS
Amounts falling due within one year 6 554,271 464,120
NET CURRENT ASSETS 2,671,625 2,567,321
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,696,377
2,595,221

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,676,377 2,575,221
SHAREHOLDERS' FUNDS 2,696,377 2,595,221

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 18 September 2026 and were signed on its behalf by:




Mr I Learmonth - Director



Mr D A Hutchinson - Director


The notes form part of these financial statements

Page 2
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


1. STATUTORY INFORMATION

Gardiner ICM 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.

The presentation currency is £ sterling.

Principal activity and turnover
The company's principal activities are that of the sale of agro-chemicals and the provision of agronomy consultancy services .
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and rendering of services to customers during the year.
The company recognises revenue on the sale of agro-chemicals when:
(a) the significant risks and rewards of ownership have been transferred to the buyer;
(b) the company retains no continuing involvement or control over the goods ;
(c) the amount of revenue can be measured reliably;
(d) it is probable that future economic benefits will flow to the entity.
The company recognises revenue on the provision of agronomy services in the accounting period in which the services are rendered, when the outcome of the contract can be estimated reliably.


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.

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.

Property improvements - 10% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

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.


Page 3
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2025


2. ACCOUNTING POLICIES - continued
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.

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 the profit and loss account in the period to which they relate.

Debtors
Unless stated all debtors are recoverable within one year and are recorded at their nominal value with no interest being usually chargeable.
They are assessed for recoverability on an ongoing basis and any losses arising from impairment are recognised immediately in the profit or loss account.

Creditors
Short term creditors are recorded at their transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations for the next 12 months.
As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

Page 4
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2025 42,391
Additions 453
At 31 December 2025 42,844
DEPRECIATION
At 1 January 2025 14,491
Charge for year 3,601
At 31 December 2025 18,092
NET BOOK VALUE
At 31 December 2025 24,752
At 31 December 2024 27,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 664,618 655,137
Amounts owed by group undertakings 8,810 343,176
Other debtors 4,948 38,768
Prepayments and accrued income 22,057 -
700,433 1,037,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 67,023 52,714
Taxation and social security 257,780 145,966
Other creditors 229,468 265,440
554,271 464,120

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John G Bowie BA CA (Senior Statutory Auditor)
for and on behalf of Bain Henry Reid

Page 5
GARDINER ICM LIMITED (REGISTERED NUMBER: SC197812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2025


8. RELATED PARTY DISCLOSURES

The ultimate parent company is H L Hutchinson Limited Limited, which owns 51% of the issued share capital of Gardiner ICM Limited. Copies of its accounts can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

Mr D A Hutchinson is a director of H L Hutchinson Limited which owns 51% of the share capital of the company.

The company paid J L Farming Ltd, a company in which Mr I Learmonth and his close family are directors, for services to the value of £106,764 (2024: £112,174) during the period. There were no balances outstanding at the balance sheet date (2024: £Nil).

The company paid James Learmonth & Co a business in which Mr I Learmonth has an interest for services to the value of £7,049 (2024: £8,192). The company sold goods to James Learmonth & Co in the normal course of trade to the value of £198,176 (2024: £141,488). There were no balances outstanding at the balance sheet date (2024: £Nil).

The company purchased goods from its holding company, H L Hutchinson Limited, in the normal course of trade to the value of £3,924,024 (2024: £3,408,385), during the year. The amount of £Nil (2024: £Nil) relating to these purchases is due from H L Hutchinson Limited at the balance sheet date. The amount of £1,181,473 (2024: £974,239) relating to these purchases is due to H L Hutchinson Limited at the balance sheet date.

The company sold goods from its holding company, H L Hutchinson Limited, in the normal course of trade to the value of £11,475 (2024: £5,753), during the year. The amount of £Nil (2024: £Nil) relating to these Sales is due from H L Hutchinson Limited at the balance sheet date.

At the balance sheet date £1,190,283 (2024: £1,317,416) is due from H L Hutchinson Limited in respect of retrospective discounts.

9. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue on ..................................... by the board of directors.

10. ULTIMATE CONTROLLING PARTY

Mr D A Hutchinson, a director, along with members of his immediate family controls the company by virtue of a 100% interest in the issued ordinary share capital of the ultimate parent company Hutchinson Group Limited.

Page 6