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REGISTERED NUMBER: SC200159 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

REIVER COUNTRY FARM FOODS LTD.

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


REIVER COUNTRY FARM FOODS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A G Marshall
A A W Pate





SECRETARY: Mr. A A W Pate





REGISTERED OFFICE: Slighhouses
Duns
Berwickshire
TD11 3QA





BUSINESS ADDRESS: Fairlaw
Reston
Eyemouth
Berwickshire
TD14 5LN





REGISTERED NUMBER: SC200159 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REIVER COUNTRY FARM FOODS LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reiver Country Farm Foods Ltd. for the year ended 29 February 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reiver Country Farm Foods Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reiver Country Farm Foods Ltd. and state those matters that we have agreed to state to the Board of Directors of Reiver Country Farm Foods Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reiver Country Farm Foods Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reiver Country Farm Foods Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reiver Country Farm Foods Ltd.. You consider that Reiver Country Farm Foods Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reiver Country Farm Foods Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


3 June 2024

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 301,984 340,233
301,984 340,233

CURRENT ASSETS
Stocks 29,867 33,912
Debtors 6 43,197 64,164
Cash at bank and in hand 115,969 39,734
189,033 137,810
CREDITORS
Amounts falling due within one year 7 262,733 212,925
NET CURRENT LIABILITIES (73,700 ) (75,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,284

265,118

CREDITORS
Amounts falling due after more than one
year

8

(31,505

)

(55,377

)

PROVISIONS FOR LIABILITIES (23,743 ) (31,175 )
NET ASSETS 173,036 178,566

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 171,036 176,566
SHAREHOLDERS' FUNDS 173,036 178,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:





A G Marshall - Director


REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Reiver Country Farm Foods 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.

Intangible assets
Trademarks acquired are initially recognised at cost and are subsequently carried at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on cost, 5% on cost, Straight line over 25 years and Straight line over 6 years
Office Equipment - 25% on cost
Motor vehicles - 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 Profit and loss account, 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.

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 1
AMORTISATION
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 75,377 704,669 7,359 78,250 865,655
Additions - 4,600 - - 4,600
At 29 February 2024 75,377 709,269 7,359 78,250 870,255
DEPRECIATION
At 1 March 2023 40,121 443,149 5,692 36,460 525,422
Charge for year 1,819 29,908 674 10,448 42,849
At 29 February 2024 41,940 473,057 6,366 46,908 568,271
NET BOOK VALUE
At 29 February 2024 33,437 236,212 993 31,342 301,984
At 28 February 2023 35,256 261,520 1,667 41,790 340,233

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 42,209 29,000 71,209
Transfer to ownership (42,209 ) - (42,209 )
At 29 February 2024 - 29,000 29,000
DEPRECIATION
At 1 March 2023 14,364 - 14,364
Charge for year - 7,250 7,250
Transfer to ownership (14,364 ) - (14,364 )
At 29 February 2024 - 7,250 7,250
NET BOOK VALUE
At 29 February 2024 - 21,750 21,750
At 28 February 2023 27,845 29,000 56,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 35,440 58,456
Other debtors 7,757 5,708
43,197 64,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 14,828 14,588
Hire purchase contracts 6,330 16,629
Trade creditors 50,951 45,050
Taxation and social security 54,604 25,732
Other creditors 136,020 110,926
262,733 212,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 25,166 42,710
Hire purchase contracts 6,339 12,667
31,505 55,377

REIVER COUNTRY FARM FOODS LTD. (REGISTERED NUMBER: SC200159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29/2/24 28/2/23
£    £   
A G Marshall
Balance outstanding at start of year (14,113 ) (53,113 )
Amounts advanced 28,975 59,000
Amounts repaid (40,000 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,138 ) (14,113 )