Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-302021-12-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC058927 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 SC058927 d:Buildings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC058927 d:Buildings 2021-12-01 2022-11-30 SC058927 d:Buildings 2022-11-30 SC058927 d:Buildings 2021-11-30 SC058927 d:CurrentFinancialInstruments 2022-11-30 SC058927 d:CurrentFinancialInstruments 2021-11-30 SC058927 c:Director2 2021-12-01 2022-11-30 SC058927 c:Director3 2021-12-01 2022-11-30 SC058927 c:FRS102 2021-12-01 2022-11-30 SC058927 c:FullAccounts 2021-12-01 2022-11-30 SC058927 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC058927 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 SC058927 d:PlantMachinery 2021-12-01 2022-11-30 SC058927 d:PlantMachinery 2022-11-30 SC058927 d:PlantMachinery 2021-11-30 SC058927 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 SC058927 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2021-12-01 2022-11-30 SC058927 c:RegisteredOffice 2021-12-01 2022-11-30 SC058927 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC058927 d:RetainedEarningsAccumulatedLosses 2021-11-30 SC058927 d:ShareCapital 2022-11-30 SC058927 d:ShareCapital 2021-11-30 SC058927 2021-12-01 2022-11-30 SC058927 2022-11-30 SC058927 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC058927 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 SC058927 2020-12-01 2021-11-30 SC058927 2021-11-30 iso4217:GBP xbrli:pure
Registered number: SC058927










JACK NICOLL FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

 
JACK NICOLL FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs E Nicoll 
R Young 




REGISTERED NUMBER
SC058927



REGISTERED OFFICE
Todpark Farm

Alyth

Perthshire

PH11 8LX





 
JACK NICOLL FARMS LIMITED
REGISTERED NUMBER: SC058927

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
108,628
92,241

Investments
 5 
86
86

  
108,714
92,327

CURRENT ASSETS
  

Stocks
  
46,585
46,585

Debtors: amounts falling due within one year
 6 
3,633
11,757

Cash at bank and in hand
  
9,290
12,501

  
59,508
70,843

Creditors: amounts falling due within one year
 7 
(111,999)
(79,519)

NET CURRENT LIABILITIES
  
 
 
(52,491)
 
 
(8,676)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
56,223
83,651

  

NET ASSETS
  
56,223
83,651


CAPITAL AND RESERVES
  

Called up share capital 
  
35,000
35,000

Profit and loss account
  
21,223
48,651

  
56,223
83,651


Page 1

 
JACK NICOLL FARMS LIMITED
REGISTERED NUMBER: SC058927

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2023.




R Young
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JACK NICOLL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


GENERAL INFORMATION

Jack Nicoll Farms Limited is a limited company incorporated in Scotland.  The registered office is Todpark Farm, Alyth, Perthshire, PH11 8LX.  This is also the principal place of business.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JACK NICOLL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
4% straight line
Plant and machinery
-
12.5% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 4

 
JACK NICOLL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


TANGIBLE FIXED ASSETS





Tenants improvements
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 December 2021
55,254
214,040
269,294


Additions
-
50,000
50,000


Disposals
-
(28,500)
(28,500)



At 30 November 2022

55,254
235,540
290,794



DEPRECIATION


At 1 December 2021
41,334
135,719
177,053


Charge for the year on owned assets
863
13,658
14,521


Disposals
-
(9,408)
(9,408)



At 30 November 2022

42,197
139,969
182,166



NET BOOK VALUE



At 30 November 2022
13,057
95,571
108,628



At 30 November 2021
13,920
78,321
92,241

Page 5

 
JACK NICOLL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 December 2021
86



At 30 November 2022
86





6.


DEBTORS

2022
2021
£
£


Other debtors
3,633
11,757

3,633
11,757



7.


CREDITORS: Amounts falling due within one year

2022
2021
£
£

Bank loans
16,593
19,500

Obligations under finance lease and hire purchase contracts
29,498
5,792

Other creditors
52,280
41,802

Accruals and deferred income
13,628
12,425

111,999
79,519



Page 6