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REGISTERED NUMBER: SC609420 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

H L M CATTLE SERVICES LTD

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H L M CATTLE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D A Murray
A J Murray
J Murray
Mrs F L Murray





SECRETARY: D A Murray





REGISTERED OFFICE: Libella
High Langmuir
Kilmaurs
KILMARNOCK
Ayrshire
KA3 2PG





REGISTERED NUMBER: SC609420 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 388,838 391,770

CURRENT ASSETS
Stocks 5 148,336 128,766
Debtors 6 144,599 93,604
292,935 222,370
CREDITORS
Amounts falling due within one year 7 365,921 325,391
NET CURRENT LIABILITIES (72,986 ) (103,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,852

288,749

CREDITORS
Amounts falling due after more than one
year

8

(34,479

)

(67,138

)

PROVISIONS FOR LIABILITIES 10 (97,210 ) (71,739 )
NET ASSETS 184,163 149,872

CAPITAL AND RESERVES
Called up share capital 11 1,500 1,500
Retained earnings 12 182,663 148,372
SHAREHOLDERS' FUNDS 184,163 149,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





D A Murray - Director


H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

H L M Cattle Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Tractors and farm bikes - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

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

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Tractors
Plant and and farm Motor Computer
machinery bikes vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 439,695 38,767 19,500 324 498,286
Additions 44,800 - - - 44,800
Disposals (1,096 ) - - - (1,096 )
At 30 November 2023 483,399 38,767 19,500 324 541,990
DEPRECIATION
At 1 December 2022 80,739 13,957 11,679 141 106,516
Charge for year 40,272 4,962 1,564 45 46,843
Eliminated on disposal (207 ) - - - (207 )
At 30 November 2023 120,804 18,919 13,243 186 153,152
NET BOOK VALUE
At 30 November 2023 362,595 19,848 6,257 138 388,838
At 30 November 2022 358,956 24,810 7,821 183 391,770

5. STOCKS
2023 2022
£    £   
Stocks 148,336 128,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,269 93,604
Other debtors 53,330 -
144,599 93,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 63,907 58,626
Hire purchase contracts 35,480 41,566
Trade creditors 96,382 98,192
Tax 27,712 28,529
Directors' loan accounts 142,440 98,478
365,921 325,391

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 34,479 41,834
Other creditors - 25,304
34,479 67,138

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 63,907 58,626

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 97,210 71,739

Deferred
tax
£   
Balance at 1 December 2022 71,739
Provided during year 25,471
Balance at 30 November 2023 97,210

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000
500 Ordinary A 1 500 500
1,500 1,500

12. RESERVES
Retained
earnings
£   

At 1 December 2022 148,372
Profit for the year 42,291
Dividends (8,000 )
At 30 November 2023 182,663

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

13. RELATED PARTY DISCLOSURES

J Murray

2023 2022
£    £   
Amount due to related party at the balance sheet date 29,653 19,960

Mrs F L Murray

2023 2022
£    £   
Amount due to related party at the balance sheet date 29,653 19,960

D A Murray

2023 2022
£    £   
Amount due to related party at the balance sheet date 41,567 29,278

A J Murray

2023 2022
£    £   
Amount due to related party at the balance sheet date 41,567 29,278

H L M CATTLE SERVICES LTD (REGISTERED NUMBER: SC609420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

14. STOCK VALUATION

2023 2022
Price Value Price Value
No. £ £ No. £ £
Cattle
Cows 54 472,538 54 47 2,538
do. 1340340 1 340 340
do. 73502,450 7 350 2,450
do. 83602,880 8 360 2,880
do. 203707,400 20 370 7,400
do.143805,320 14 380 5,320
do.214008,400 21 400 8,400
do. 34101,230 3 410 1,230
do.184407,920 18 440 7,920
do.114504,950 11 450 4,950
do.114605,060 11 460 5,060
do.1470470 1 470 470
do. 84703,760 15 470 7,050
Heifers 10341042,230 31 410 12,710
Calves - over 6 months 5522012,100 98 220 21,560
do. - under 6 months 961009,600 98 100 9,800
Bulls 1488488 1 488 488
do.12,0002,000 - - -
do. 1HB1,000 - - -
434412


CropTonsTons
Silage1,2001214,400 1,200 12 14,400
Straw 20901,800 20 90 1,800


Feeding stuffs and supplies 12,000 12,000

-------- ---------
148,336 128,766
===== =====