Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truefalse2023-08-01falseNo description of principal activity1115falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC300541 2023-08-01 2024-07-31 SC300541 2022-08-01 2023-07-31 SC300541 2024-07-31 SC300541 2023-07-31 SC300541 c:CompanySecretary1 2023-08-01 2024-07-31 SC300541 c:Director1 2023-08-01 2024-07-31 SC300541 c:Director2 2023-08-01 2024-07-31 SC300541 c:Director2 2024-07-31 SC300541 c:Director3 2023-08-01 2024-07-31 SC300541 c:RegisteredOffice 2023-08-01 2024-07-31 SC300541 d:Buildings 2023-08-01 2024-07-31 SC300541 d:Buildings 2024-07-31 SC300541 d:Buildings 2023-07-31 SC300541 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC300541 d:PlantMachinery 2023-08-01 2024-07-31 SC300541 d:PlantMachinery 2024-07-31 SC300541 d:PlantMachinery 2023-07-31 SC300541 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC300541 d:MotorVehicles 2023-08-01 2024-07-31 SC300541 d:MotorVehicles 2024-07-31 SC300541 d:MotorVehicles 2023-07-31 SC300541 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC300541 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC300541 d:CurrentFinancialInstruments 2024-07-31 SC300541 d:CurrentFinancialInstruments 2023-07-31 SC300541 d:Non-currentFinancialInstruments 2024-07-31 SC300541 d:Non-currentFinancialInstruments 2023-07-31 SC300541 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC300541 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC300541 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC300541 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC300541 d:ShareCapital 2024-07-31 SC300541 d:ShareCapital 2023-07-31 SC300541 d:CapitalRedemptionReserve 2024-07-31 SC300541 d:CapitalRedemptionReserve 2023-07-31 SC300541 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC300541 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC300541 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC300541 c:OrdinaryShareClass1 2024-07-31 SC300541 c:OrdinaryShareClass1 2023-07-31 SC300541 c:FRS102 2023-08-01 2024-07-31 SC300541 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC300541 c:FullAccounts 2023-08-01 2024-07-31 SC300541 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC300541 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC300541










A A CARROTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
A A CARROTS LIMITED
 

COMPANY INFORMATION


Directors
Alan G Mitchell 
John D Mitchell (resigned 28 October 2024)
William S Mitchell 




Company secretary
William S Mitchell



Registered number
SC300541



Registered office
Mill of Laithers

Turriff

Aberdeenshire

AB53 4HE




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
A A CARROTS LIMITED
REGISTERED NUMBER: SC300541

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
3,593,951
2,300,717

Investments
 5 
50
50

  
3,594,001
2,300,767

CURRENT ASSETS
  

Stocks
  
964,598
649,020

Debtors Within One Year
 6 
535,574
386,429

Cash at bank and in hand
  
1,935,886
1,950,454

  
3,436,058
2,985,903

Creditors: amounts falling due within one year
 7 
(1,046,376)
(820,413)

NET CURRENT ASSETS
  
 
 
2,389,682
 
 
2,165,490

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,983,683
4,466,257

Creditors: amounts falling due after more than one year
 8 
(256,657)
(204,014)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(890,580)
(565,722)

  
 
 
(890,580)
 
 
(565,722)

NET ASSETS
  
4,836,446
3,696,521


CAPITAL AND RESERVES
  

Called up share capital 
  
1,500
1,500

Capital redemption reserve
  
500
500

Profit and loss account
  
4,834,446
3,694,521

  
4,836,446
3,696,521


Page 1

 
A A CARROTS LIMITED
REGISTERED NUMBER: SC300541

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 20 February 2025.




William S Mitchell
Alan G Mitchell
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A A CARROTS LIMITED
 

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

1.


GENERAL INFORMATION

A A Carrots Limited is a private company, limited by shares, incorporated in Scotland with registration number SC300541. The registered office is Mill of Laithers, Turriff, Aberdeenshire, AB53 4HE.
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.

Page 3

 
A A CARROTS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.


Page 4

 
A A CARROTS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

Depreciation 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:

Property improvements
-
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.

 
2.5

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 first in, first out 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.

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

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 11 (2023 - 15).

Page 5

 
A A CARROTS LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Property improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 August 2023
289,735
5,004,519
-
5,294,254


Additions
-
1,859,554
38,288
1,897,842


Disposals
-
(143,250)
-
(143,250)



At 31 July 2024

289,735
6,720,823
38,288
7,048,846



DEPRECIATION


At 1 August 2023
252,216
2,741,321
-
2,993,537


Charge for the year on owned assets
5,887
504,757
9,572
520,216


Disposals
-
(58,858)
-
(58,858)



At 31 July 2024

258,103
3,187,220
9,572
3,454,895



NET BOOK VALUE



At 31 July 2024
31,632
3,533,603
28,716
3,593,951



At 31 July 2023
37,519
2,263,198
-
2,300,717


5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 August 2023
50



At 31 July 2024
50




Page 6

 
A A CARROTS LIMITED
 

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

6.


DEBTORS

2024
2023
£
£


Trade debtors
175,222
158,917

Other debtors
360,352
227,512

535,574
386,429


Included within other debtors due within one year is a loan to Mr A Mitchell, a director, amounting to £106,465 (2023 - £132,639). Amounts repaid during the year totalled £123,764 and amounts advanced totalled £97,590.
Interest is charged at a rate of 2.25%. 


7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
389,900
158,717

Obligations under finance lease and hire purchase contracts
171,219
198,838

Other creditors
485,257
462,858

1,046,376
820,413


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
171,219
198,838

171,219
198,838

Details of security provided:

Hire purchase obligations are secured by fixed charges over the assets to which they relate.

Page 7

 
A A CARROTS LIMITED
 

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
256,657
204,014

256,657
204,014


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
256,657
204,014

256,657
204,014

Details of security provided:

Hire purchase obligations are secured by fixed charges over the assets to which they relate.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,500 (2023 - 1,500) Ordinary shares of £1.00 each
1,500
1,500



Page 8