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REGISTERED NUMBER: SC428131 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PICKLES AGRICULTURE LIMITED

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PICKLES AGRICULTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: A McFadzean





SECRETARY: A McFadzean





REGISTERED OFFICE: Monksmill House
South Mains Farm
MAYBOLE
Ayrshire
KA19 8HQ





REGISTERED NUMBER: SC428131 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,734 12,305
5,734 12,305

CURRENT ASSETS
Stocks 22,445 74,807
Debtors 6 59,652 358,770
Cash at bank and in hand 8,829 5,314
90,926 438,891
CREDITORS
Amounts falling due within one year 7 173,780 482,296
NET CURRENT LIABILITIES (82,854 ) (43,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,120

)

(31,100

)

CREDITORS
Amounts falling due after more than one
year

8

(19,333

)

(28,333

)

PROVISIONS FOR LIABILITIES 9 (740 ) (2,643 )
NET LIABILITIES (97,193 ) (62,076 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (97,293 ) (62,176 )
SHAREHOLDERS' FUNDS (97,193 ) (62,076 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 2 January 2025 and were signed by:





A McFadzean - Director


PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Pickles Agriculture 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any 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.
Improvements to property - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% 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 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 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.

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 65,000
AMORTISATION
At 1 August 2023
and 31 July 2024 65,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 856 224,688 13,800 18,924 258,268
Disposals - (2,304 ) - - (2,304 )
At 31 July 2024 856 222,384 13,800 18,924 255,964
DEPRECIATION
At 1 August 2023 387 219,645 7,856 18,075 245,963
Charge for year 43 5,043 1,273 212 6,571
Eliminated on disposal - (2,304 ) - - (2,304 )
At 31 July 2024 430 222,384 9,129 18,287 250,230
NET BOOK VALUE
At 31 July 2024 426 - 4,671 637 5,734
At 31 July 2023 469 5,043 5,944 849 12,305

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,652 359,437
Other debtors - (667 )
59,652 358,770

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 72,749
Trade creditors 143,484 336,988
Taxation and social security 5,456 913
Other creditors 24,840 71,646
173,780 482,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,333 28,333

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 2,075
Other provisions 740 568
740 2,643

Holiday
Deferred Pay
tax Provision
£    £   
Balance at 1 August 2023 2,075 568
Provided during year (2,075 ) 172
Balance at 31 July 2024 - 740

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 August 2023 (62,176 )
Deficit for the year (35,117 )
At 31 July 2024 (97,293 )

PICKLES AGRICULTURE LIMITED (REGISTERED NUMBER: SC428131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

12. RELATED PARTY DISCLOSURES

.

A McFadzean

2024 2023
£    £   
Amount due to related party at the balance sheet date 42,440 71,647