Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity1617truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC062482 2023-08-01 2024-07-31 SC062482 2022-08-01 2023-07-31 SC062482 2024-07-31 SC062482 2023-07-31 SC062482 c:Director1 2023-08-01 2024-07-31 SC062482 c:Director2 2023-08-01 2024-07-31 SC062482 c:Director3 2023-08-01 2024-07-31 SC062482 c:Director4 2023-08-01 2024-07-31 SC062482 c:RegisteredOffice 2023-08-01 2024-07-31 SC062482 d:Buildings 2023-08-01 2024-07-31 SC062482 d:Buildings 2024-07-31 SC062482 d:Buildings 2023-07-31 SC062482 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC062482 d:PlantMachinery 2023-08-01 2024-07-31 SC062482 d:PlantMachinery 2024-07-31 SC062482 d:PlantMachinery 2023-07-31 SC062482 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC062482 d:MotorVehicles 2023-08-01 2024-07-31 SC062482 d:MotorVehicles 2024-07-31 SC062482 d:MotorVehicles 2023-07-31 SC062482 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC062482 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC062482 d:CurrentFinancialInstruments 2024-07-31 SC062482 d:CurrentFinancialInstruments 2023-07-31 SC062482 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC062482 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC062482 d:ShareCapital 2024-07-31 SC062482 d:ShareCapital 2023-07-31 SC062482 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC062482 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC062482 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC062482 c:OrdinaryShareClass1 2024-07-31 SC062482 c:OrdinaryShareClass1 2023-07-31 SC062482 c:FRS102 2023-08-01 2024-07-31 SC062482 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC062482 c:FullAccounts 2023-08-01 2024-07-31 SC062482 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC062482 6 2023-08-01 2024-07-31 SC062482 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC062482










J S CRUICKSHANK (FARMERS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
J S CRUICKSHANK (FARMERS) LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr J S Cruickshank 
Mrs M H Cruickshank 
Miss S E Cruickshank 
Mrs L A Gordon 




REGISTERED NUMBER
SC062482



REGISTERED OFFICE
Westerton of Folla
Meikle Wartle

Inverurie

AB51 5BQ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J S CRUICKSHANK (FARMERS) LIMITED
REGISTERED NUMBER: SC062482

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
4,274,543
4,331,285

Investments
 5 
19,347
19,347

  
4,293,890
4,350,632

CURRENT ASSETS
  

Stocks
  
381,623
487,802

Debtors: amounts falling due within one year
 6 
495,710
225,408

Bank and cash balances
  
1,147,395
599,148

  
2,024,728
1,312,358

Creditors: amounts falling due within one year
 7 
(648,992)
(473,314)

NET CURRENT ASSETS
  
 
 
1,375,736
 
 
839,044

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,669,626
5,189,676

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(265,887)
(223,280)

  
 
 
(265,887)
 
 
(223,280)

NET ASSETS
  
5,403,739
4,966,396


CAPITAL AND RESERVES
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
5,393,739
4,956,396

  
5,403,739
4,966,396


Page 1

 
J S CRUICKSHANK (FARMERS) LIMITED
REGISTERED NUMBER: SC062482

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 7 February 2025.




Mr J S Cruickshank
Director

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

Page 2

 
J S CRUICKSHANK (FARMERS) LIMITED
 

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

1.


GENERAL INFORMATION

J S Cruickshank (Farmers) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC062482. The registered office is Westerton of Folla, Meikle Wartle, Inverurie, AB51 5BQ.
The Company's functional and presentational 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

TURNOVER

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.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
J S CRUICKSHANK (FARMERS) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


  
2.5

AGRICULTURAL SUPPORT SCHEMES

Income from the Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the scheme have been complied with.

 
2.6

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.

Land is not depreciated. Depreciation on other assets 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:

Heritable property
-
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.

Page 4

 
J S CRUICKSHANK (FARMERS) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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 weighted average 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.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 16 (2023 - 17).

Page 5

 
J S CRUICKSHANK (FARMERS) LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Heritable property
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 August 2023
4,598,383
2,961,473
63,554
7,623,410


Additions
-
162,000
26,815
188,815


Disposals
-
(155,110)
-
(155,110)



At 31 July 2024

4,598,383
2,968,363
90,369
7,657,115



DEPRECIATION


At 1 August 2023
1,388,604
1,878,282
25,239
3,292,125


Charge for the year on owned assets
24,545
148,635
16,283
189,463


Disposals
-
(99,016)
-
(99,016)



At 31 July 2024

1,413,149
1,927,901
41,522
3,382,572



NET BOOK VALUE



At 31 July 2024
3,185,234
1,040,462
48,847
4,274,543



At 31 July 2023
3,209,779
1,083,191
38,315
4,331,285

Page 6

 
J S CRUICKSHANK (FARMERS) LIMITED
 

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

5.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



COST OR VALUATION


At 1 August 2023
19,347



At 31 July 2024
19,347





6.


DEBTORS

2024
2023
£
£


Trade debtors
461,672
196,604

Prepayments and accrued income
34,038
28,804

495,710
225,408



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
227,687
116,129

Other taxation and social security
144,441
64,280

Accruals and deferred income
276,864
292,905

648,992
473,314



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



Page 7