Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseNo description of principal activity55truetruefalse SC088908 2023-11-01 2024-10-31 SC088908 2022-11-01 2023-10-31 SC088908 2024-10-31 SC088908 2023-10-31 SC088908 c:Director1 2023-11-01 2024-10-31 SC088908 c:Director2 2023-11-01 2024-10-31 SC088908 c:RegisteredOffice 2023-11-01 2024-10-31 SC088908 d:Buildings 2023-11-01 2024-10-31 SC088908 d:Buildings 2024-10-31 SC088908 d:Buildings 2023-10-31 SC088908 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088908 d:PlantMachinery 2023-11-01 2024-10-31 SC088908 d:PlantMachinery 2024-10-31 SC088908 d:PlantMachinery 2023-10-31 SC088908 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088908 d:MotorVehicles 2023-11-01 2024-10-31 SC088908 d:MotorVehicles 2024-10-31 SC088908 d:MotorVehicles 2023-10-31 SC088908 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088908 d:FurnitureFittings 2023-11-01 2024-10-31 SC088908 d:FurnitureFittings 2024-10-31 SC088908 d:FurnitureFittings 2023-10-31 SC088908 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088908 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088908 d:CurrentFinancialInstruments 2024-10-31 SC088908 d:CurrentFinancialInstruments 2023-10-31 SC088908 d:Non-currentFinancialInstruments 2024-10-31 SC088908 d:Non-currentFinancialInstruments 2023-10-31 SC088908 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC088908 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC088908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC088908 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC088908 d:ShareCapital 2024-10-31 SC088908 d:ShareCapital 2023-10-31 SC088908 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC088908 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC088908 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC088908 c:OrdinaryShareClass1 2024-10-31 SC088908 c:OrdinaryShareClass1 2023-10-31 SC088908 c:FRS102 2023-11-01 2024-10-31 SC088908 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC088908 c:FullAccounts 2023-11-01 2024-10-31 SC088908 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC088908 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC088908










IAN CRUICKSHANK (POTATOES) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
IAN CRUICKSHANK (POTATOES) LIMITED
 

COMPANY INFORMATION


DIRECTORS
Ian Cruickshank 
Mrs Fiona Cruickshank 




REGISTERED NUMBER
SC088908



REGISTERED OFFICE
Sauchenloan
Fisherford

Inverurie

Aberdeenshire

AB51 8YP




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
IAN CRUICKSHANK (POTATOES) LIMITED
REGISTERED NUMBER: SC088908

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
1,660,888
1,650,588

Investments
 5 
27,008
27,008

  
1,687,896
1,677,596

Current assets
  

Stocks
  
501,840
523,293

Debtors: amounts falling due within one year
 6 
65,802
37,126

  
567,642
560,419

Creditors: amounts falling due within one year
 7 
(698,834)
(910,596)

Net current liabilities
  
 
 
(131,192)
 
 
(350,177)

Total assets less current liabilities
  
1,556,704
1,327,419

Creditors: amounts falling due after more than one year
 8 
(485,836)
(529,037)

Provisions for liabilities
  

Deferred tax
  
(264,449)
(260,795)

  
 
 
(264,449)
 
 
(260,795)

Net assets
  
806,419
537,587


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
805,419
536,587

  
806,419
537,587


Page 1

 
IAN CRUICKSHANK (POTATOES) LIMITED
REGISTERED NUMBER: SC088908

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 21 April 2025.




Ian Cruickshank
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IAN CRUICKSHANK (POTATOES) LIMITED
 

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

1.


GENERAL INFORMATION

Ian Cruickshank (Potatoes) Limited is a private limited company, limited by shares, incorporated in Scotland with registration number SC088908. The registered office is situated at Sauchenloan, Fisherford, Inverurie, Aberdeenshire, AB51 8YP.
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.

 
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.


 
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.

Page 3

 
IAN CRUICKSHANK (POTATOES) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

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:

Plant and machinery
-
12.5%
Reducing balance
Motor vehicles
-
25.0%
Reducing balance
Property improvements
-
2.0%
Straight line

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

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 5 (2023 - 5).

Page 4

 
IAN CRUICKSHANK (POTATOES) LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Heritable property
Property improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£
£



COST OR VALUATION


At 1 November 2023
620,407
400,791
1,186,144
-
2,207,342


Additions
-
19,440
110,676
12,500
142,616


Disposals
-
-
(1,215)
-
(1,215)



At 31 October 2024

620,407
420,231
1,295,605
12,500
2,348,743



DEPRECIATION


At 1 November 2023
143,760
41,353
371,641
-
556,754


Charge for the year on owned assets
-
13,121
115,593
3,125
131,839


Disposals
-
-
(738)
-
(738)



At 31 October 2024

143,760
54,474
486,496
3,125
687,855



NET BOOK VALUE



At 31 October 2024
476,647
365,757
809,109
9,375
1,660,888



At 31 October 2023
476,647
359,438
814,503
-
1,650,588


5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 November 2023
27,008



At 31 October 2024
27,008




Page 5

 
IAN CRUICKSHANK (POTATOES) LIMITED
 

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

6.


DEBTORS

2024
2023
£
£


Other debtors
49,184
23,243

Prepayments and accrued income
16,618
13,883

65,802
37,126



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
255,359
530,261

Bank loans
10,000
9,210

Trade creditors
136,814
124,283

Obligations under finance lease and hire purchase contracts
77,469
87,830

Other creditors
55,504
1,301

Accruals and deferred income
163,688
157,711

698,834
910,596



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
5,833
16,623

Other loans
208,000
175,000

Net obligations under finance leases and hire purchase contracts
272,003
337,414

485,836
529,037



9.


SHARE CAPITAL

2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000



Page 6