IRIS Accounts Production v23.3.0.418 SC124536 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1245362022-01-31SC1245362023-01-31SC1245362022-02-012023-01-31SC1245362021-01-31SC1245362021-02-012022-01-31SC1245362022-01-31SC124536ns10:Originalns15:Scotland2022-02-012023-01-31SC124536ns14:PoundSterlingns10:Original2022-02-012023-01-31SC124536ns10:Originalns10:Director12022-02-012023-01-31SC124536ns10:Original2022-02-012023-01-31SC124536ns10:Original2023-01-31SC124536ns10:Originalns10:CompanyLimitedByGuarantee2022-02-012023-01-31SC124536ns10:Originalns10:SmallEntities2022-02-012023-01-31SC124536ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-31SC124536ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-31SC124536ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-31SC124536ns10:Originalns10:FullAccounts2022-02-012023-01-31SC124536ns10:Originalns10:Director22022-02-012023-01-31SC124536ns10:Originalns10:RegisteredOffice2022-02-012023-01-31SC124536ns10:Original2022-01-31SC124536ns10:Originalns5:CurrentFinancialInstruments2023-01-31SC124536ns10:Originalns5:CurrentFinancialInstruments2022-01-31SC124536ns10:Originalns5:Non-currentFinancialInstruments2023-01-31SC124536ns10:Originalns5:Non-currentFinancialInstruments2022-01-31SC124536ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-31SC124536ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-31SC124536ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-02-012023-01-31SC124536ns10:Originalns5:PlantMachinery2022-02-012023-01-31SC124536ns10:Originalns5:MotorVehicles2022-02-012023-01-31SC124536ns10:Original2021-02-012022-01-31SC124536ns10:Originalns5:LandBuildings2022-01-31SC124536ns10:Originalns5:PlantMachinery2022-01-31SC124536ns10:Originalns5:MotorVehicles2022-01-31SC124536ns10:Original2022-01-31SC124536ns10:Originalns5:LandBuildings2022-02-012023-01-31SC124536ns10:Originalns5:LandBuildings2023-01-31SC124536ns10:Originalns5:PlantMachinery2023-01-31SC124536ns10:Originalns5:MotorVehicles2023-01-31SC124536ns10:Originalns5:LandBuildings2022-01-31SC124536ns10:Originalns5:PlantMachinery2022-01-31SC124536ns10:Originalns5:MotorVehicles2022-01-31SC124536ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31SC124536ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31SC124536ns10:Original1ns10:Director12022-01-31SC124536ns10:Original1ns10:Director12021-01-31SC124536ns10:Original1ns10:Director12022-02-012023-01-31SC124536ns10:Original1ns10:Director12021-02-012022-01-31SC124536ns10:Original1ns10:Director12023-01-31SC124536ns10:Original1ns10:Director12022-01-31SC124536ns10:Originalns10:Director222022-01-31SC124536ns10:Originalns10:Director222021-01-31SC124536ns10:Originalns10:Director222022-02-012023-01-31SC124536ns10:Originalns10:Director222021-02-012022-01-31SC124536ns10:Originalns10:Director222023-01-31SC124536ns10:Originalns10:Director222022-01-31
REGISTERED NUMBER: SC124536 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Fox Lane Market Garden Co-Operative
Limited

Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fox Lane Market Garden Co-Operative
Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr G Henderson
Mr H C Henderson





REGISTERED OFFICE: Foxlane at Carnie
Skene
Westhill
Aberdeenshire
AB32 6JZ





REGISTERED NUMBER: SC124536 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,583,191 1,654,879

CURRENT ASSETS
Stocks 57,392 50,442
Debtors 5 37,745 26,214
Cash at bank and in hand 1,059 60,293
96,196 136,949
CREDITORS
Amounts falling due within one year 6 90,671 106,293
NET CURRENT ASSETS 5,525 30,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,588,716

1,685,535

CREDITORS
Amounts falling due after more than one
year

7

23,941

33,592
NET ASSETS 1,564,775 1,651,943

RESERVES
Income and expenditure account 1,564,775 1,651,943
1,564,775 1,651,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 surplus or deficit 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.

Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)

Balance Sheet - continued
31 January 2023


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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr G Henderson - Director


Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Fox Lane Market Garden Co-Operative Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - at varying rates on cost
Motor vehicles - 25% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2022 2,070,531 124,583 93,918 2,289,032
Additions - 14,169 17,600 31,769
Disposals - - (65,744 ) (65,744 )
At 31 January 2023 2,070,531 138,752 45,774 2,255,057
DEPRECIATION
At 1 February 2022 486,338 121,416 26,399 634,153
Charge for year 37,411 5,294 11,444 54,149
Eliminated on disposal - - (16,436 ) (16,436 )
At 31 January 2023 523,749 126,710 21,407 671,866
NET BOOK VALUE
At 31 January 2023 1,546,782 12,042 24,367 1,583,191
At 31 January 2022 1,584,193 3,167 67,519 1,654,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 5,489 804
Other debtors 32,256 25,410
37,745 26,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 11,565 10,000
Trade creditors 68,872 77,113
Taxation and social security 3,916 12,422
Other creditors 6,318 6,758
90,671 106,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 23,941 33,592

Fox Lane Market Garden Co-Operative
Limited (Registered number: SC124536)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr G Henderson
Balance outstanding at start of year 2,236 3,444
Amounts advanced 326 3,257
Amounts repaid (2,236 ) (4,465 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 326 2,236

Mr H C Henderson
Balance outstanding at start of year - -
Amounts advanced 6,293 -
Amounts repaid (2,729 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,564 -

9. ULTIMATE CONTROLLING PARTY

The company is Limited by Guarantee and is not under the control of any individual.