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REGISTERED NUMBER: SC733041 (Scotland)






































FBR Seed (Haddington) Limited

Unaudited Financial Statements

for the period

20th May 2022 to 30th June 2023






FBR Seed (Haddington) Limited (Registered number: SC733041)






Contents of the Financial Statements
for the period 20th May 2022 to 30th June 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


FBR Seed (Haddington) Limited

Company Information
for the period 20th May 2022 to 30th June 2023







Directors: R A Armitage
D J Nairn
D A Seed
S Seed





Registered office: 48 High Street
Haddington
EH41 3EF





Registered number: SC733041 (Scotland)





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

FBR Seed (Haddington) Limited (Registered number: SC733041)

Balance Sheet
30th June 2023

Notes £    £   
Fixed assets
Intangible assets 4 201,616
Tangible assets 5 22,507
224,123

Current assets
Debtors 6 98,638
Cash at bank 9,158
107,796
Creditors
Amounts falling due within one year 7 297,761
Net current liabilities (189,965 )
Total assets less current liabilities 34,158

Provisions for liabilities 5,627
Net assets 28,531

Capital and reserves
Called up share capital 1
Retained earnings 28,530
28,531

FBR Seed (Haddington) Limited (Registered number: SC733041)

Balance Sheet - continued
30th June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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.

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 19th February 2024 and were signed on its behalf by:




D A Seed - Director



R A Armitage - Director


FBR Seed (Haddington) Limited (Registered number: SC733041)

Notes to the Financial Statements
for the period 20th May 2022 to 30th June 2023

1. Statutory information

FBR Seed (Haddington) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 10% on cost
Office equipment - 33% on cost

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 debtors, trade creditors and accruals.

Trade debtors, 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 period 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.


FBR Seed (Haddington) Limited (Registered number: SC733041)

Notes to the Financial Statements - continued
for the period 20th May 2022 to 30th June 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 period 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.

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.

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. Where material, provisions are calculated on a discounted basis.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

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.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the period was 5 .

4. Intangible fixed assets
Goodwill
£   
Cost
At 20th May 2022
and 30th June 2023 224,018
Amortisation
Amortisation for period 22,402
At 30th June 2023 22,402
Net book value
At 30th June 2023 201,616
At 19th May 2022 224,018

FBR Seed (Haddington) Limited (Registered number: SC733041)

Notes to the Financial Statements - continued
for the period 20th May 2022 to 30th June 2023

5. Tangible fixed assets
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
Additions 14,225 11,302 25,527
At 30th June 2023 14,225 11,302 25,527
Depreciation
Charge for period 598 2,422 3,020
At 30th June 2023 598 2,422 3,020
Net book value
At 30th June 2023 13,627 8,880 22,507

6. Debtors: amounts falling due within one year
£   
Trade debtors 25,384
Amounts recoverable on contract 26,638
Other debtors 46,616
98,638

7. Creditors: amounts falling due within one year
£   
Trade creditors 90,226
Amounts owed to group undertakings 189,687
Taxation and social security 12,425
Other creditors 5,423
297,761

8. Related party disclosures

FBR Seed (Haddington) Limited is a fully owned subsidiary of FBR Seed Limited. FBR Seed Limited is a private company, limited by shares, registered in Scotland.