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REGISTERED NUMBER: SC641574 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LOCHABER LARDER (FORT WILLIAM) LIMITED

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCHABER LARDER (FORT WILLIAM) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: S MacLachlan
A R Carr





REGISTERED OFFICE: 1 Rhubana View
Morar
MALLAIG
PH40 4PF





REGISTERED NUMBER: SC641574 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,771 34,779
Tangible assets 5 297,257 94,970
376,028 129,749

CURRENT ASSETS
Stocks 10,450 5,450
Debtors 6 101,060 92,416
Prepayments and accrued income 3,439 2,254
Cash at bank and in hand 467,424 368,193
582,373 468,313
CREDITORS
Amounts falling due within one year 7 224,879 198,878
NET CURRENT ASSETS 357,494 269,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,522

399,184

CREDITORS
Amounts falling due after more than one year 8 (103,055 ) (15,417 )

PROVISIONS FOR LIABILITIES (27,948 ) (22,412 )
NET ASSETS 602,519 361,355

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 602,419 361,255
SHAREHOLDERS' FUNDS 602,519 361,355

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

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

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

BALANCE SHEET - continued
31 December 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 27 February 2025 and were signed on its behalf by:





A R Carr - Director


LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lochaber Larder (Fort William) 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
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 2019, 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.
Freehold property - 2% on cost
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% 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.

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.

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 55,000
Additions 55,000
At 31 December 2024 110,000
AMORTISATION
At 1 January 2024 20,221
Amortisation for year 11,008
At 31 December 2024 31,229
NET BOOK VALUE
At 31 December 2024 78,771
At 31 December 2023 34,779

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2024 - 10,000 87,082
Additions 185,094 - 11,407
Disposals - - -
At 31 December 2024 185,094 10,000 98,489
DEPRECIATION
At 1 January 2024 - 4,814 42,889
Charge for year 3,702 1,111 10,836
Eliminated on disposal - - -
At 31 December 2024 3,702 5,925 53,725
NET BOOK VALUE
At 31 December 2024 181,392 4,075 44,764
At 31 December 2023 - 5,186 44,193

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 105,895 461 203,438
Additions 5,936 51,590 - 254,027
Disposals - (27,000 ) - (27,000 )
At 31 December 2024 5,936 130,485 461 430,465
DEPRECIATION
At 1 January 2024 - 60,441 324 108,468
Charge for year 890 25,814 46 42,399
Eliminated on disposal - (17,659 ) - (17,659 )
At 31 December 2024 890 68,596 370 133,208
NET BOOK VALUE
At 31 December 2024 5,046 61,889 91 297,257
At 31 December 2023 - 45,454 137 94,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,884 85,640
Other debtors 5,176 6,776
101,060 92,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,750 8,750
Trade creditors 90,703 40,114
Taxation and social security 86,503 68,845
Other creditors 30,923 81,169
224,879 198,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 103,055 15,417

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 119,805 24,167

There is a floating charge in favour of Bank of Scotland PLC