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REGISTERED NUMBER: SC252770 (Scotland)











































D. R. Bruce Milk Retailer Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






D. R. Bruce Milk Retailer Limited (Registered number: SC252770)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


D. R. Bruce Milk Retailer Limited

Company Information
for the year ended 31st March 2023







Director: D R Bruce





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 56A Bennecourt Drive
Coldstream
Berwickshire
TD12 4BY





Registered number: SC252770 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 57,989 25,551

Current assets
Debtors 5 5,121 9,401
Cash at bank 15,212 26,377
20,333 35,778
Creditors
Amounts falling due within one year 6 51,075 30,809
Net current (liabilities)/assets (30,742 ) 4,969
Total assets less current liabilities 27,247 30,520

Creditors
Amounts falling due after more than one
year

7

(7,681

)

(12,627

)

Provisions for liabilities (5,100 ) (3,139 )
Net assets 14,466 14,754

Capital and reserves
Called up share capital 100 100
Retained earnings 14,366 14,654
Shareholders' funds 14,466 14,754

D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Balance Sheet - continued
31st March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th October 2023 and were signed by:





D R Bruce - Director


D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Notes to the Financial Statements
for the year ended 31st March 2023

1. Statutory information

D. R. Bruce Milk Retailer 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
Turnover represents the total invoice value, excluding value added tax of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

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.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. Accounting policies - continued
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.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Going concern
The director has considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised on 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 the profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. Tangible fixed assets
Motor
Equipment vehicles Totals
£    £    £   
Cost
At 1st April 2022 38,266 36,740 75,006
Additions - 52,473 52,473
Disposals - (19,740 ) (19,740 )
At 31st March 2023 38,266 69,473 107,739
Depreciation
At 1st April 2022 30,104 19,351 49,455
Charge for year 1,631 (1,336 ) 295
At 31st March 2023 31,735 18,015 49,750
Net book value
At 31st March 2023 6,531 51,458 57,989
At 31st March 2022 8,162 17,389 25,551

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 5,121 9,401

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 7,606 8,366
Trade creditors 14,539 20,068
Taxation and social security 520 2,375
Other creditors 28,410 -
51,075 30,809

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 7,681 12,627

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 15,287 20,993

Hire purchase contracts are secured against the asset in which they relate.

D. R. Bruce Milk Retailer Limited (Registered number: SC252770)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

9. Director's advances, credits and guarantees

Advances to director a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
D R Bruce
Balance outstanding at start of year 5,694 (3,779 )
Amounts advanced 21,863 15,884
Amounts repaid (27,557 ) (6,411 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,694

10. Other financial commitments

At 31st March 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £7,949 (2022 - £7,949).