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REGISTERED NUMBER: SC290707 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ROBERTSONS POTATOES LTD

ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Tangible assets 5 123,327 75,095
153,327 105,095

CURRENT ASSETS
Stocks 18,564 12,232
Debtors 142,139 86,074
Cash at bank 255,793 198,543
416,496 296,849
CREDITORS
Amounts falling due within one year 138,661 108,343
NET CURRENT ASSETS 277,835 188,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,162

293,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 431,062 293,501
SHAREHOLDERS' FUNDS 431,162 293,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by George Brian Robertson, Director the Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





GB Robertson - Director


ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Robertsons Potatoes Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC290707

Registered office: 5 Sandyknowe
Tillicoultry
Central
FK13 6RG

The presentation currency of the financial statements is the Pound Sterling (£).


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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 15% on reducing balance
Office Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures & Fittings - 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.


ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)

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

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023
and 31st October 2024 30,000
NET BOOK VALUE

At 31st October 2024 30,000
At 31st October 2023 30,000

ROBERTSONS POTATOES LTD (REGISTERED NUMBER: SC290707)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023 169,245
Additions 89,255
Disposals (4,800 )
At 31st October 2024 253,700
DEPRECIATION
At 1st November 2023 94,150
Charge for year 36,223
At 31st October 2024 130,373
NET BOOK VALUE
At 31st October 2024 123,327
At 31st October 2023 75,095