IRIS Accounts Production v24.2.0.383 SC624332 Board of Directors Board of Directors 1.6.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6243322023-05-31SC6243322024-03-31SC6243322023-06-012024-03-31SC6243322022-05-31SC6243322022-06-012023-05-31SC6243322023-05-31SC624332ns15:Scotland2023-06-012024-03-31SC624332ns14:PoundSterling2023-06-012024-03-31SC624332ns10:Director12023-06-012024-03-31SC624332ns10:Director22023-06-012024-03-31SC624332ns10:PrivateLimitedCompanyLtd2023-06-012024-03-31SC624332ns10:SmallEntities2023-06-012024-03-31SC624332ns10:AuditExempt-NoAccountantsReport2023-06-012024-03-31SC624332ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-03-31SC624332ns10:SmallCompaniesRegimeForAccounts2023-06-012024-03-31SC624332ns10:FullAccounts2023-06-012024-03-31SC624332ns10:RegisteredOffice2023-06-012024-03-31SC624332ns5:CurrentFinancialInstruments2024-03-31SC624332ns5:CurrentFinancialInstruments2023-05-31SC624332ns5:ShareCapital2024-03-31SC624332ns5:ShareCapital2023-05-31SC624332ns5:RetainedEarningsAccumulatedLosses2024-03-31SC624332ns5:RetainedEarningsAccumulatedLosses2023-05-31SC624332ns5:PlantMachinery2023-06-012024-03-31SC624332ns5:PlantMachinery2023-05-31SC624332ns5:PlantMachinery2024-03-31SC624332ns5:PlantMachinery2023-05-31SC624332ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC624332ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31SC624332ns5:Secured2024-03-31SC624332ns5:Secured2023-05-31
REGISTERED NUMBER: SC624332 (Scotland)















Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for

Bishopton Company Limited

Bishopton Company Limited (Registered number: SC624332)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bishopton Company Limited

Company Information
for the Period 1 June 2023 to 31 March 2024







DIRECTORS: Mr J J B Dunlop
Mr J G Dunlop





REGISTERED OFFICE: Bishopton Farm
.
Kirkcudbright
Kirkcudbrightshire
DG6 4TJ





REGISTERED NUMBER: SC624332 (Scotland)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Bishopton Company Limited (Registered number: SC624332)

Balance Sheet
31 March 2024

31/3/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,174 43,913

CURRENT ASSETS
Stocks 5 821,184 779,534
Debtors 6 182,619 263,306
1,003,803 1,042,840
CREDITORS
Amounts falling due within one year 7 935,335 1,028,902
NET CURRENT ASSETS 68,468 13,938
TOTAL ASSETS LESS CURRENT LIABILITIES 108,642 57,851

PROVISIONS FOR LIABILITIES 10,646 -
NET ASSETS 97,996 57,851

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 96,996 56,851
97,996 57,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

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

Bishopton Company Limited (Registered number: SC624332)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr J G Dunlop - Director



Mr J J B Dunlop - Director


Bishopton Company Limited (Registered number: SC624332)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

Bishopton Company 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.

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 - 15% 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 period 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 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.

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

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.

Bishopton Company Limited (Registered number: SC624332)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The accounts are prepared on a going concern basis following consideration of the expectations and intentions for business for the next twelve months and the availability of working capital.
The directors have confirmed that the loan between the company and M & J G Dunlop, a separate business in which the directors are partners, will not be redeemed should it compromise the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023 52,190
Additions 2,000
At 31 March 2024 54,190
DEPRECIATION
At 1 June 2023 8,277
Charge for period 5,739
At 31 March 2024 14,016
NET BOOK VALUE
At 31 March 2024 40,174
At 31 May 2023 43,913

5. STOCKS
31/3/24 31/5/23
£    £   
Stocks 821,184 779,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/5/23
£    £   
Trade debtors 151,645 239,464
Tarff Valley Limited 17,073 11,241
Other debtors 4,500 4,500
VAT 9,401 8,101
182,619 263,306

Bishopton Company Limited (Registered number: SC624332)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/5/23
£    £   
Bank loans and overdrafts 422,089 368,236
Trade creditors 90,255 158,633
Tax 14,281 -
Social security and other taxes 4,732 4,267
Other creditors 401,923 495,896
Accrued expenses 2,055 1,870
935,335 1,028,902

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/5/23
£    £   
Bank overdraft 422,089 -

9. RELATED PARTY DISCLOSURES

The directors are also partners in M & J G Dunlop. At the balance sheet date, the company owed the partnership £401,923 (2023 - £495,896) which is reflected in other creditors. The loan is unsecured, interest free and repayable on demand.