Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01falseNo description of principal activitytruetrue SC058927 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC058927 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC058927 d:Buildings 2022-12-01 2023-11-30 SC058927 d:Buildings 2023-11-30 SC058927 d:Buildings 2022-11-30 SC058927 d:CurrentFinancialInstruments 2023-11-30 SC058927 d:CurrentFinancialInstruments 2022-11-30 SC058927 c:Director2 2022-12-01 2023-11-30 SC058927 c:Director3 2022-12-01 2023-11-30 SC058927 c:FRS102 2022-12-01 2023-11-30 SC058927 c:FullAccounts 2022-12-01 2023-11-30 SC058927 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC058927 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC058927 d:PlantMachinery 2022-12-01 2023-11-30 SC058927 d:PlantMachinery 2023-11-30 SC058927 d:PlantMachinery 2022-11-30 SC058927 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC058927 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2022-12-01 2023-11-30 SC058927 c:RegisteredOffice 2022-12-01 2023-11-30 SC058927 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC058927 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC058927 d:ShareCapital 2023-11-30 SC058927 d:ShareCapital 2022-11-30 SC058927 2022-12-01 2023-11-30 SC058927 2023-11-30 SC058927 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC058927 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC058927 2021-12-01 2022-11-30 SC058927 2022-11-30 iso4217:GBP xbrli:pure
Registered number: SC058927










JACK NICOLL FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
JACK NICOLL FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs E Nicoll 
R Young 




REGISTERED NUMBER
SC058927



REGISTERED OFFICE
Todpark Farm

Alyth

Perthshire

PH11 8LX





 
JACK NICOLL FARMS LIMITED
REGISTERED NUMBER: SC058927

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
97,135
108,628

Investments
 5 
86
86

  
97,221
108,714

CURRENT ASSETS
  

Stocks
  
40,446
46,585

Debtors: amounts falling due within one year
 6 
10,812
3,633

Cash at bank and in hand
  
19,468
9,290

  
70,726
59,508

Creditors: amounts falling due within one year
 7 
(104,608)
(111,999)

NET CURRENT LIABILITIES
  
 
 
(33,882)
 
 
(52,491)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
63,339
56,223

  

NET ASSETS
  
63,339
56,223


CAPITAL AND RESERVES
  

Called up share capital 
  
35,000
35,000

Profit and loss account
  
28,339
21,223

  
63,339
56,223


Page 1

 
JACK NICOLL FARMS LIMITED
REGISTERED NUMBER: SC058927

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 November 2024.




R Young
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JACK NICOLL FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Jack Nicoll Farms Limited is a limited company incorporated in Scotland.  The registered office is Todpark Farm, Alyth, Perthshire, PH11 8LX.  This is also the principal place of business.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JACK NICOLL FARMS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
4% straight line
Plant and machinery
-
12.5% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
JACK NICOLL FARMS LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Tenants improvements
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 December 2022
55,254
235,540
290,794


Additions
-
1,508
1,508



At 30 November 2023

55,254
237,048
292,302



DEPRECIATION


At 1 December 2022
42,197
139,969
182,166


Charge for the year on owned assets
863
12,138
13,001



At 30 November 2023

43,060
152,107
195,167



NET BOOK VALUE



At 30 November 2023
12,194
84,941
97,135



At 30 November 2022
13,057
95,571
108,628

Page 5

 
JACK NICOLL FARMS LIMITED
 

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

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 December 2022
86



At 30 November 2023
86





6.


DEBTORS

2023
2022
£
£


Other debtors
10,812
3,633

10,812
3,633



7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank loans
12,315
16,593

Obligations under finance lease and hire purchase contracts
23,852
29,498

Other creditors
54,813
52,280

Accruals and deferred income
13,628
13,628

104,608
111,999



Page 6