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REGISTERED NUMBER: SC173156 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Donald Farms Limited

Donald Farms Limited (Registered number: SC173156)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Donald Farms Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S M Buyers
Mr M J Buyers





REGISTERED OFFICE: 42 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC173156 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Donald Farms Limited (Registered number: SC173156)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,579 140,096
Investments 5 200 200
139,779 140,296

CURRENT ASSETS
Debtors 6 699,332 670,041
Cash at bank 32,770 60,149
732,102 730,190
CREDITORS
Amounts falling due within one year 7 11,049 2,966
NET CURRENT ASSETS 721,053 727,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

860,832

867,520

CAPITAL AND RESERVES
Called up share capital 631,507 631,507
Retained earnings 229,325 236,013
SHAREHOLDERS' FUNDS 860,832 867,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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.

Donald Farms Limited (Registered number: SC173156)

Balance Sheet - continued
31 March 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 10 November 2023 and were signed on its behalf by:





Mrs S M Buyers - Director


Donald Farms Limited (Registered number: SC173156)

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

1. STATUTORY INFORMATION

Donald Farms 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 as modified by the revaluation of certain assets.

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 - not provided
Plant and machinery - 10% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 139,571 2,499 840 142,910
DEPRECIATION
At 1 April 2022 - 2,249 565 2,814
Charge for year - 250 267 517
At 31 March 2023 - 2,499 832 3,331
NET BOOK VALUE
At 31 March 2023 139,571 - 8 139,579
At 31 March 2022 139,571 250 275 140,096

Donald Farms Limited (Registered number: SC173156)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 200
NET BOOK VALUE
At 31 March 2023 200
At 31 March 2022 200

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Cost 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 699,332 670,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 8,830 1,341
Other creditors 2,219 1,625
11,049 2,966

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs S M Buyers
Balance outstanding at start of year 489,665 491,565
Amounts repaid - (1,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 489,665 489,665

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S M Buyers.