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Registered number: SC437816
Falkirk Highland Cattle Company Ltd
Financial Statements
For The Year Ended 30 November 2023
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC437816
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,886 23,349
17,886 23,349
CURRENT ASSETS
Stocks 5 12,200 15,500
Debtors 6 2,007 398
Cash at bank and in hand 202 92
14,409 15,990
Creditors: Amounts Falling Due Within One Year 7 (112,970 ) (106,265 )
NET CURRENT ASSETS (LIABILITIES) (98,561 ) (90,275 )
TOTAL ASSETS LESS CURRENT LIABILITIES (80,675 ) (66,926 )
NET LIABILITIES (80,675 ) (66,926 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (80,775 ) (67,026 )
SHAREHOLDERS' FUNDS (80,675) (66,926)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Lindsay
Director
19th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Falkirk Highland Cattle Company Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC437816 . The registered office is Mill House, Bidgend Road, Avonbridge, FK1 2NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 10,821 42,640 582 54,043
Additions - - 333 333
As at 30 November 2023 10,821 42,640 915 54,376
Depreciation
As at 1 December 2022 9,432 20,901 361 30,694
Provided during the period 222 5,435 139 5,796
As at 30 November 2023 9,654 26,336 500 36,490
Net Book Value
As at 30 November 2023 1,167 16,304 415 17,886
As at 1 December 2022 1,389 21,739 221 23,349
5. Stocks
2023 2022
£ £
Stock 12,200 15,500
Page 3
Page 4
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,650 -
VAT 357 398
2,007 398
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 799 800
Director's loan account 112,171 105,465
112,970 106,265
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4