REGISTERED NUMBER: SC281966 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HOME & GARDENS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T McColm

Mrs J McColm

D McColm

REGISTERED OFFICE:

84 George Street

Stranraer

WIGTOWNSHIRE

DG9 7JS

REGISTERED NUMBER:

SC281966 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

FIXED ASSETS

Intangible assets

4

53,000

125,800

Tangible assets

5

99,898

274,296

Investments

6

17,500

17,500

Investment property

7

250,000

250,000

420,398

667,596

CURRENT ASSETS

Stocks

556,916

659,467

Debtors

8

1,002,809

670,052

Cash at bank and in hand

737,843

536,672

2,297,568

1,866,191

CREDITORS

Amounts falling due within one year

9

327,645

342,309

NET CURRENT ASSETS

1,969,923

1,523,882

TOTAL ASSETS LESS CURRENT LIABILITIES

2,390,321

2,191,478

PROVISIONS FOR LIABILITIES

8,583

20,028

NET ASSETS

2,381,738

2,171,450

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

52,696

52,696

Retained earnings

2,328,942

2,118,654

2,381,738

2,171,450

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 22 September 2026 and were signed on its behalf by:

D McColm - Director

1.	STATUTORY INFORMATION

Home & Gardens 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described in this note, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

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

Goodwill

Goodwill has been amortised evenly over its useful life.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only has financial assets and financial 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. 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

380,000

Disposals

(80,000

)

At 31 December 2025

300,000

AMORTISATION

At 1 January 2025

254,200

Charge for year

12,000

Eliminated on disposal

(19,200

)

At 31 December 2025

247,000

NET BOOK VALUE

At 31 December 2025

53,000

At 31 December 2024

125,800

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

413,396

564,376

977,772

Additions

-

11,268

11,268

Disposals

(138,727

)

(186,477

)

(325,204

)

At 31 December 2025

274,669

389,167

663,836

DEPRECIATION

At 1 January 2025

220,210

483,266

703,476

Charge for year

5,493

10,554

16,047

Eliminated on disposal

(16,600

)

(138,985

)

(155,585

)

At 31 December 2025

209,103

354,835

563,938

NET BOOK VALUE

At 31 December 2025

65,566

34,332

99,898

At 31 December 2024

193,186

81,110

274,296

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

17,500

NET BOOK VALUE

At 31 December 2025

17,500

At 31 December 2024

17,500

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

250,000

NET BOOK VALUE

At 31 December 2025

250,000

At 31 December 2024

250,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

15,231

29,261

Other debtors

987,578

640,791

1,002,809

670,052

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

44,372

70,962

Taxation and social security

137,159

134,529

Other creditors

146,114

136,818

327,645

342,309

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

52,696

11.	ULTIMATE CONTROLLING PARTY

The controlling party is D McColm.