Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01trueNo description of principal activity9The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false8truefalse SC532571 2023-05-01 2024-04-30 SC532571 2022-05-01 2023-04-30 SC532571 2024-04-30 SC532571 2023-04-30 SC532571 c:Director1 2023-05-01 2024-04-30 SC532571 c:Director2 2023-05-01 2024-04-30 SC532571 c:RegisteredOffice 2023-05-01 2024-04-30 SC532571 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 SC532571 d:Buildings d:LongLeaseholdAssets 2024-04-30 SC532571 d:Buildings d:LongLeaseholdAssets 2023-04-30 SC532571 d:PlantMachinery 2023-05-01 2024-04-30 SC532571 d:PlantMachinery 2024-04-30 SC532571 d:PlantMachinery 2023-04-30 SC532571 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC532571 d:MotorVehicles 2023-05-01 2024-04-30 SC532571 d:MotorVehicles 2024-04-30 SC532571 d:MotorVehicles 2023-04-30 SC532571 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC532571 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC532571 d:CurrentFinancialInstruments 2024-04-30 SC532571 d:CurrentFinancialInstruments 2023-04-30 SC532571 d:Non-currentFinancialInstruments 2024-04-30 SC532571 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC532571 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC532571 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC532571 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC532571 d:ShareCapital 2024-04-30 SC532571 d:ShareCapital 2023-04-30 SC532571 d:SharePremium 2024-04-30 SC532571 d:SharePremium 2023-04-30 SC532571 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC532571 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC532571 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC532571 c:OrdinaryShareClass2 2023-05-01 2024-04-30 SC532571 c:OrdinaryShareClass2 2024-04-30 SC532571 c:FRS102 2023-05-01 2024-04-30 SC532571 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC532571 c:FullAccounts 2023-05-01 2024-04-30 SC532571 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC532571 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC532571










MIDDLETON OF RORA DAIRY PRODUCE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr B C Mackie 
Mrs J E Mackie 




REGISTERED NUMBER
SC532571



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
REGISTERED NUMBER: SC532571

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
156,238
161,507

  
156,238
161,507

CURRENT ASSETS
  

Stocks
  
30,044
30,854

Debtors: amounts falling due within one year
 5 
161,079
157,493

Cash at bank and in hand
  
80,153
-

  
271,276
188,347

Creditors: amounts falling due within one year
 6 
(552,746)
(550,306)

NET CURRENT LIABILITIES
  
 
 
(281,470)
 
 
(361,959)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(125,232)
(200,452)

Creditors: amounts falling due after more than one year
 7 
(43,059)
(48,250)

  

NET LIABILITIES
  
(168,291)
(248,702)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
116
100

Share premium account
  
110,003
-

Profit and loss account
  
(278,410)
(248,802)

  
(168,291)
(248,702)


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 the 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 income and retained earnings 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 5 December 2024.

Mrs J E Mackie
Director

Page 1

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
REGISTERED NUMBER: SC532571

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Middleton of Rora Dairy Produce Limited is a private company, limited by shares, incorporated in Scotland with registration number SC532571. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. 
The Company's functinoal and presenttaional currency is GBP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significent doubt about the ability of the company to continue as a going concern.  The losses generated to date are a result of the initial set up of the business and future profits are anticipated.

 
2.3

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

 
2.4

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.

Page 3

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Property improvements
-
4.0%
straight line
Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
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 profit or loss.

 
2.5

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 out basis. 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.

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2023 - 9)

Page 4

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Property improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2023
82,324
173,150
9,545
265,019


Additions
-
12,253
-
12,253



At 30 April 2024

82,324
185,403
9,545
277,272



Depreciation


At 1 May 2023
20,671
74,995
7,846
103,512


Charge for the year on owned assets
3,293
13,804
425
17,522



At 30 April 2024

23,964
88,799
8,271
121,034



Net book value



At 30 April 2024
58,360
96,604
1,274
156,238



At 30 April 2023
61,653
98,155
1,699
161,507


5.


DEBTORS

2024
2023
£
£


Trade debtors
70,064
68,935

Other debtors
91,015
88,558

161,079
157,493



6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,708
10,800

Bank loans
5,191
5,000

Other loans
60,000
60,000

Trade creditors
45,927
55,949

Other creditors
435,220
416,057

Accruals and deferred income
2,700
2,500

552,746
550,306


Page 5

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


CREDITORS: Amounts falling due after more than one year

2024
£

Bank loans
43,059

43,059


Page 6

 
MIDDLETON OF RORA DAIRY PRODUCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.000 each
-
100
115,717 Ordinary shares of £0.001 each
116
-

116

100


On 25 March 2024 the company undertook a sub-division of its share capital resulting in 100,000 Ordinary £0.001 shares being in issue. 
During the course of the year the company issued 15,717 Ordinary £0.001 shares for total consideration of £110,019.


Page 7