REGISTERED NUMBER: SC683067 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

The Grass Yard Supplies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K A Burke

Mr D P Main

REGISTERED OFFICE:

33-35 McFarlane Street

Paisley

PA3 1SA

REGISTERED NUMBER:

SC683067 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Intangible assets

3

4,375

-

Tangible assets

4

92,085

94,975

96,460

94,975

CURRENT ASSETS

Stocks

150,000

157,674

Debtors

5

21,149

6,751

Cash at bank and in hand

917

3,664

172,066

168,089

CREDITORS

Amounts falling due within one year

6

317,089

236,180

NET CURRENT LIABILITIES

(145,023

)

(68,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,563

)

26,884

CREDITORS

Amounts falling due after more than one year

7

(57,131

)

(78,634

)

PROVISIONS FOR LIABILITIES

(16,845

)

(20,634

)

NET LIABILITIES

(122,539

)

(72,384

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(122,639

)

(72,484

)

SHAREHOLDERS' FUNDS

(122,539

)

(72,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 September 2026 and were signed on its behalf by:

Miss K A Burke - Director

Mr D P Main - Director

1.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

As at the balance sheet date the company had negative distributable reserves of £122,811. The directors continue to support the company, allowing the company to meet its liabilities as they fall due and as such believe it is appropriate for the financial statements to be prepared on a going concern basis.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

4,500

At 31 December 2025

4,500

AMORTISATION

Charge for year

125

At 31 December 2025

125

NET BOOK VALUE

At 31 December 2025

4,375

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

153,557

Additions

23,817

At 31 December 2025

177,374

DEPRECIATION

At 1 January 2025

58,582

Charge for year

26,707

At 31 December 2025

85,289

NET BOOK VALUE

At 31 December 2025

92,085

At 31 December 2024

94,975

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

21,149

6,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

201

-

Hire purchase contracts

26,164

24,422

Trade creditors

1,198

6,610

Taxation and social security

67,070

71,188

Other creditors

222,456

133,960

317,089

236,180

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

17,560

31,579

Amounts owed to associates

39,571

39,571

Other creditors

-

7,484

57,131

78,634

8.	RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £39,571.39 are unsecured and interest free.