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REGISTERED NUMBER: SC248168 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Jc & Kc Constable Ltd

Jc & Kc Constable Ltd (Registered number: SC248168)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jc & Kc Constable Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J C Constable
Mrs K C Constable





SECRETARY: Mrs K C Constable





REGISTERED OFFICE: Meikle Harelaw Farm
Near Greenlaw
Duns
Berwickshire
TD10 6XT





REGISTERED NUMBER: SC248168 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Jc & Kc Constable Ltd (Registered number: SC248168)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,139,883 1,133,259
Investments 6 464,214 64,214
1,604,097 1,197,473

CURRENT ASSETS
Inventories 627,400 627,400
Debtors 7 107,626 35,184
Cash at bank 493,095 903,945
1,228,121 1,566,529
CREDITORS
Amounts falling due within one year 8 151,120 113,380
NET CURRENT ASSETS 1,077,001 1,453,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,681,098

2,650,622

CREDITORS
Amounts falling due after more than one
year

9

(60,609

)

(80,517

)

PROVISIONS FOR LIABILITIES (49,000 ) (46,500 )
NET ASSETS 2,571,489 2,523,605

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,571,289 2,523,405
SHAREHOLDERS' FUNDS 2,571,489 2,523,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Jc & Kc Constable Ltd (Registered number: SC248168)

Statement of Financial Position - continued
30 April 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 30 January 2025 and were signed on its behalf by:





J C Constable - Director


Jc & Kc Constable Ltd (Registered number: SC248168)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Jc & Kc Constable 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
Revenue 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 2003, 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.
Farmhouse and buildings - Straight line over 20 years
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Tractors and motor vehicles - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Jc & Kc Constable Ltd (Registered number: SC248168)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Jc & Kc Constable Ltd (Registered number: SC248168)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Farmhouse Improvements
and to Plant and
buildings property machinery
£    £    £   
COST
At 1 May 2023 937,705 104,820 273,105
Additions - - -
Disposals - - -
At 30 April 2024 937,705 104,820 273,105
DEPRECIATION
At 1 May 2023 114,715 35,087 199,416
Charge for year 11,652 - 10,377
Eliminated on disposal - - -
At 30 April 2024 126,367 35,087 209,793
NET BOOK VALUE
At 30 April 2024 811,338 69,733 63,312
At 30 April 2023 822,990 69,733 73,689

Tractors
and motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 402,276 410 1,718,316
Additions 99,800 - 99,800
Disposals (72,248 ) - (72,248 )
At 30 April 2024 429,828 410 1,745,868
DEPRECIATION
At 1 May 2023 235,806 33 585,057
Charge for year 49,658 137 71,824
Eliminated on disposal (50,896 ) - (50,896 )
At 30 April 2024 234,568 170 605,985
NET BOOK VALUE
At 30 April 2024 195,260 240 1,139,883
At 30 April 2023 166,470 377 1,133,259

6. FIXED ASSET INVESTMENTS

Fixed asset investments are valued at cost. The Fixed Asset Investments for the year include 60,000 RBS Shares (Ord. 25p Shares).

Jc & Kc Constable Ltd (Registered number: SC248168)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 22,255 2,221
Directors' loan accounts 52,252 -
VAT 5,251 6,694
Prepayments 27,868 26,269
107,626 35,184

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 34,833 18,333
Trade creditors 1 27,421
Corporation tax 28,916 59,792
Other creditors 80,714 -
Directors' loan accounts - 371
Accrued expenses 4,334 4,190
Deferred government grants 2,322 3,273
151,120 113,380

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 16,500 18,333
Accruals and deferred income 44,109 62,184
60,609 80,517

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 51,333 36,666

Hire purchase agreements are secured on the assets to which they relate.
The Royal Bank of Scotland PLC holds a bond and floating charge over the property and assets of the Company, both present and future, with a restriction preventing subsequent fixed securities having priority over, or ranking equally with the floating charge.
The directors have given personal security in respect of the loan due to Royal Bank of Scotland PLC.

11. ULTIMATE CONTROLLING PARTY

Mr & Mrs Constable are the ultimate controlling party, by nature of their 75% shareholding.