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REGISTERED NUMBER: 00596178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S MARKILLIE & SON LIMITED

S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S MARKILLIE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Markillie
Mrs A C Markillie
C E Markillie





SECRETARY: Mrs A C Markillie





REGISTERED OFFICE: Grange Farm
Tydd St Mary
Wisbech
Cambridgeshire
PE13 5QZ





REGISTERED NUMBER: 00596178 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,016,576 2,923,438
3,016,576 2,923,438

CURRENT ASSETS
Stocks 343,429 225,184
Debtors 6 380,787 326,357
Investments 7 70 70
Cash at bank 1,585,984 1,454,185
2,310,270 2,005,796
CREDITORS
Amounts falling due within one year 8 753,010 611,924
NET CURRENT ASSETS 1,557,260 1,393,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,573,836

4,317,310

PROVISIONS FOR LIABILITIES 140,400 116,000
NET ASSETS 4,433,436 4,201,310

CAPITAL AND RESERVES
Called up share capital 8,500 8,500
Retained earnings 4,424,936 4,192,810
4,433,436 4,201,310

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

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

S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

BALANCE SHEET - continued
31 DECEMBER 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 26 September 2024 and were signed on its behalf by:





P Markillie - Director


S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

S Markillie & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Sugar beet quota is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation has been computed to write off the cost of tangible fixed assets on a reducing balance basis over their expected useful economic lives unless otherwise stated using the following rates:

Freehold buildings- no depreciation
Leasehold property- equal instalments over the period of the lease
Plant and machinery- 25% per annum
Fixtures and fittings- 25% per annum
Motor vehicles- 25% per annum
Leased assets- over the period of the lease

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of Section 1A " Small Entities" of Financial Reporting Standard 102, to ensure that the recoverable amount is not lower than the carrying value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Sugar
beet
quota
£   
COST
At 1 January 2023
and 31 December 2023 84,513
AMORTISATION
At 1 January 2023
and 31 December 2023 84,513
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 2,386,956 2,507 1,780,449
Additions - - 270,650
Disposals - - (205,000 )
At 31 December 2023 2,386,956 2,507 1,846,099
DEPRECIATION
At 1 January 2023 - 2,507 1,252,864
Charge for year - - 164,342
Eliminated on disposal - - (162,328 )
At 31 December 2023 - 2,507 1,254,878
NET BOOK VALUE
At 31 December 2023 2,386,956 - 591,221
At 31 December 2022 2,386,956 - 527,585

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 20,761 25,743 4,216,416
Additions - 34,577 305,227
Disposals - - (205,000 )
At 31 December 2023 20,761 60,320 4,316,643
DEPRECIATION
At 1 January 2023 18,312 19,295 1,292,978
Charge for year 581 4,494 169,417
Eliminated on disposal - - (162,328 )
At 31 December 2023 18,893 23,789 1,300,067
NET BOOK VALUE
At 31 December 2023 1,868 36,531 3,016,576
At 31 December 2022 2,449 6,448 2,923,438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 283,371 250,370
Other debtors 97,416 75,987
380,787 326,357

S MARKILLIE & SON LIMITED (REGISTERED NUMBER: 00596178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Unlisted investments 70 70

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 51,784 22,931
Taxation and social security 100,187 146,409
Other creditors 601,039 442,584
753,010 611,924

9. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements 165,000 -