David Killoh Meat Co. Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC300589 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

DAVID KILLOH MEAT CO. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

D Killoh

Mrs L W Killoh

SECRETARY:

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

REGISTERED NUMBER:

SC300589 (Scotland)

ACCOUNTANTS:

Goldwells

Goldwells House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

FIXED ASSETS

Tangible assets

5

3,788

7,360

CURRENT ASSETS

Stocks

71,000

89,500

Debtors

6

90,472

81,106

Cash at bank

138

161,610

170,744

CREDITORS

Amounts falling due within one year

7

193,456

198,499

NET CURRENT LIABILITIES

(31,846

)

(27,755

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,058

)

(20,395

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(28,060

)

(20,397

)

SHAREHOLDERS' FUNDS

(28,058

)

(20,395

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th May 2025 and were signed on its behalf by:

D Killoh - Director

1.	STATUTORY INFORMATION

David Killoh Meat Co. Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements has been prepared under the historical cost convention.

The presentation currency is sterling.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tenants improvements

-

6 years on cost

Plant and machinery etc

-

5% straight line basis

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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

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.

Foreign currencies

Profit and loss account transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Assets and liabilities, denominated in foreign currencies are translated into sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

Operating leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Tenants

machinery

improvements

etc

Totals

£

COST

At 1st October 2023

16,106

122,331

138,437

Additions

-

1,730

Disposals

-

(29,675

)

(29,675

)

At 30th September 2024

16,106

94,386

110,492

DEPRECIATION

At 1st October 2023

15,759

115,318

131,077

Charge for year

346

1,756

2,102

Eliminated on disposal

-

(26,475

)

(26,475

)

At 30th September 2024

16,105

90,599

106,704

NET BOOK VALUE

At 30th September 2024

1

3,787

3,788

At 30th September 2023

347

7,013

7,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

86,966

75,150

Other debtors

3,506

1,956

Prepayments

-

4,000

90,472

81,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

23,876

42,749

Loan due > 1 year

51,867

33,469

Trade creditors

35,429

34,211

Social security and other taxes

9,021

7,385

Other creditors

4,556

15,158

Directors' current accounts

64,707

61,527

Accrued expenses

4,000

193,456

198,499

The loan from the director is interest free with no fixed terms of repayment.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024

2023

£

D Killoh

Balance outstanding at start of year

(61,527

)

(43,010

)

Amounts advanced

900

-

Amounts repaid

(4,080

)

(18,517

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(64,707

)

(61,527

)

9.	RELATED PARTY DISCLOSURES

David Killoh, has provided a personal guarantee for £20,000 to the Royal Bank of Scotland.

10.	ULTIMATE CONTROLLING PARTY

David Killoh, director, is the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Killoh Meat Co. Ltd for the year ended 30th September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of David Killoh Meat Co. Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Killoh Meat Co. Ltd and state those matters that we have agreed to state to the Board of Directors of David Killoh Meat Co. Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Killoh Meat Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of David Killoh Meat Co. Ltd. You consider that David Killoh Meat Co. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Killoh Meat Co. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwells

Goldwells House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

26th May 2025