Company registration number SC042733 (Scotland)
CATTLE SERVICES (AYR) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CATTLE SERVICES (AYR) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CATTLE SERVICES (AYR) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
131,090
93,417
Debtors
4
93,625
91,406
Cash at bank and in hand
9,199
16,109
233,914
200,932
Creditors: amounts falling due within one year
5
(119,070)
(87,208)
Net current assets
114,844
113,724
Capital and reserves
Called up share capital
6
85,000
85,000
Profit and loss reserves
29,844
28,724
Total equity
114,844
113,724
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Section 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 of the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the board of directors and authorised for issue on 8 April 2025 and are signed on its behalf by:
Mr A Lawrie
Director
CATTLE SERVICES (AYR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Cattle Services (Ayr) Limited is a private company limited by shares incorporated in Scotland. The company's registered number and registered office address can be found on the Company Information page.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents the amounts (excluding value added tax) derived from the sale of goods and services to customers. The turnover and profit or loss is wholly attributable to the principle activity of the company.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
Straight Line over 3 years
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
CATTLE SERVICES (AYR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 January 2024 and 31 December 2024
4,437
Depreciation and impairment
At 1 January 2024 and 31 December 2024
4,437
Carrying amount
At 31 December 2024
At 31 December 2023
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
87,392
91,406
Other debtors
6,233
93,625
91,406
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
105,198
41,899
Taxation and social security
13,346
Other creditors
3,323
15,618
Accruals and deferred income
10,549
16,345
119,070
87,208
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
85,000
85,000
85,000
85,000
CATTLE SERVICES (AYR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
7
Related Party Disclosures
Throughout the year the company was fully owned by The Ayrshire Cattle Society of Great Britain and Ireland, a charity registered in Scotland, which held the entire issued share capital.
During the year the company was charged an administration fee by the Ayrshire Cattle Society of £8,600 (2023 - £21,250). The company was also charged an advertising fee of £420 (2023- nil).
At 31 December 2024 £3,323 (2023: £15,618) was due to Ayrshire Cattle Society. Included in the amount due to Ayrshire Cattle Society is a loan balance of £nil (2023: £1,015) which was given to them in a prior year, interest was being charged at 2.5% on this loan.