Company registration number SC047219 (Scotland)
SCOTSON FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
SCOTSON FARMS LIMITED
CONTENTS
Page
Balance sheet and notes to the financial statements
1 - 2
SCOTSON FARMS LIMITED
BALANCE SHEET
- 1 -
2023
2022
£
£
£
£
Fixed assets
510,812
511,047
Current assets
209,473
216,943
Prepayments and accrued income
6,374
3,146
Creditors: amounts falling due within one year
(52,888)
(57,512)
Net current assets
162,959
162,577
Total assets less current liabilities
673,771
673,624
Net assets
673,771
673,624
Capital and reserves
673,771
673,624
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year a director was advanced £10,379 (2022 £8,301) and repaid £7,028 (2022 £9,420). The maximum sum overdrawn during the year was £12,173 (2022 £11,214). At the year end £5,145 was owed by the director (2022 £1,794).
The loan is interest free, unsecured and repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
Scotson Farms Limited is a private company limited by shares incorporated in Scotland. The registered office is Easter Softlaw, Kelso, Roxburghshire, TD5 8BJ.
For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
SCOTSON FARMS LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 10 November 2023 and are signed on its behalf by:
M. Scott-Watson
Director
Company registration number SC047219 (Scotland)