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REGISTERED NUMBER: SC032334 (Scotland)















Unaudited Financial Statements for the Year Ended 28 May 2024

for

A.M. & A. Calder Farms Limited

A.M. & A. Calder Farms Limited (Registered number: SC032334)






Contents of the Financial Statements
for the Year Ended 28 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A.M. & A. Calder Farms Limited

Company Information
for the Year Ended 28 May 2024







DIRECTORS: Mrs C J Scott
Mrs L Cowan





REGISTERED OFFICE: Lintlaw
Duns
Berwickshire
TD11 3QA





REGISTERED NUMBER: SC032334 (Scotland)





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

A.M. & A. Calder Farms Limited (Registered number: SC032334)

Statement of Financial Position
28 May 2024

28/5/24 28/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,167,225 2,104,468
Investments 6 15,253 15,253
2,182,478 2,119,721

CURRENT ASSETS
Inventories 228,848 241,310
Debtors 7 164,564 359,085
Cash at bank 1,132,862 1,400,627
1,526,274 2,001,022
CREDITORS
Amounts falling due within one year 8 478,834 1,129,256
NET CURRENT ASSETS 1,047,440 871,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,229,918

2,991,487

PROVISIONS FOR LIABILITIES 368,500 347,000
NET ASSETS 2,861,418 2,644,487

CAPITAL AND RESERVES
Called up share capital 1,123 1,123
Capital redemption reserve 19,627 19,627
Retained earnings 2,840,668 2,623,737
SHAREHOLDERS' FUNDS 2,861,418 2,644,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 May 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.

A.M. & A. Calder Farms Limited (Registered number: SC032334)

Statement of Financial Position - continued
28 May 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 13 February 2025 and were signed on its behalf by:





Mrs C J Scott - Director


A.M. & A. Calder Farms Limited (Registered number: SC032334)

Notes to the Financial Statements
for the Year Ended 28 May 2024

1. STATUTORY INFORMATION

A.M. & A. Calder Farms 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Honeyberry equipment - 33% on cost

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.

A.M. & A. Calder Farms Limited (Registered number: SC032334)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 May 2023
and 28 May 2024 50,000
AMORTISATION
At 29 May 2023
and 28 May 2024 50,000
NET BOOK VALUE
At 28 May 2024 -
At 28 May 2023 -

A.M. & A. Calder Farms Limited (Registered number: SC032334)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 29 May 2023 3,886,135
Additions 373,859
Disposals (85,922 )
At 28 May 2024 4,174,072
DEPRECIATION
At 29 May 2023 1,781,667
Charge for year 275,967
Eliminated on disposal (50,787 )
At 28 May 2024 2,006,847
NET BOOK VALUE
At 28 May 2024 2,167,225
At 28 May 2023 2,104,468

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 29 May 2023 1,119,556
Additions 104,500
At 28 May 2024 1,224,056
DEPRECIATION
At 29 May 2023 312,034
Charge for year 136,804
At 28 May 2024 448,838
NET BOOK VALUE
At 28 May 2024 775,218
At 28 May 2023 807,522

A.M. & A. Calder Farms Limited (Registered number: SC032334)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 29 May 2023
and 28 May 2024 15,253
NET BOOK VALUE
At 28 May 2024 15,253
At 28 May 2023 15,253

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/5/24 28/5/23
£    £   
Trade debtors 98,087 333,860
Other debtors 66,477 25,225
164,564 359,085

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/5/24 28/5/23
£    £   
Hire purchase contracts 134,724 270,110
Trade creditors 125,328 166,909
Taxation and social security 60,126 19,819
Other creditors 158,656 672,418
478,834 1,129,256

9. SECURED DEBTS

The following secured debts are included within creditors:

28/5/24 28/5/23
£    £   
Hire purchase contracts 134,724 270,110