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Registered number: SC060731
Anniston Farms (Arbroath) Limited
Financial Statements
For The Year Ended 31 August 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC060731
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,456,820 3,557,321
3,456,820 3,557,321
CURRENT ASSETS
Stocks 5 889,703 772,789
Debtors 6 145,351 418,779
Cash at bank and in hand 219 1,587
1,035,273 1,193,155
Creditors: Amounts Falling Due Within One Year 7 (987,754 ) (903,622 )
NET CURRENT ASSETS (LIABILITIES) 47,519 289,533
TOTAL ASSETS LESS CURRENT LIABILITIES 3,504,339 3,846,854
Creditors: Amounts Falling Due After More Than One Year 8 (3,118,519 ) (3,160,785 )
NET ASSETS 385,820 686,069
CAPITAL AND RESERVES
Called up share capital 11 9,000 9,000
Profit and Loss Account 376,820 677,069
SHAREHOLDERS' FUNDS 385,820 686,069
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jessy Stirling
Director
20th May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Anniston Farms (Arbroath) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC060731 . The registered office is Arbikie, Arbroath, Angus, DD11 4UZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Plant & Machinery at varying rates on cost
Motor Vehicles at varying rates on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 September 2023 2,233,334 2,622,435 722,090 5,577,859
Additions 142,132 56,013 - 198,145
As at 31 August 2024 2,375,466 2,678,448 722,090 5,776,004
Depreciation
As at 1 September 2023 - 1,648,937 371,601 2,020,538
Provided during the period - 245,599 53,047 298,646
As at 31 August 2024 - 1,894,536 424,648 2,319,184
Net Book Value
As at 31 August 2024 2,375,466 783,912 297,442 3,456,820
As at 1 September 2023 2,233,334 973,498 350,489 3,557,321
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 112,948 158,098
Motor Vehicles 360,141 350,633
473,089 508,731
5. Stocks
2024 2023
£ £
Stock 889,703 772,789
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 167,052
Other debtors 145,351 251,727
145,351 418,779
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 74,369 86,917
Trade creditors 46,483 58,286
Bank loans and overdrafts 831,725 672,759
Other creditors 22,910 85,193
Taxation and social security 12,267 467
987,754 903,622
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 104,924 158,992
Bank loans 3,013,595 3,001,793
3,118,519 3,160,785
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 2,323,819 2,313,459
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 179,293 245,909
Bank loans and overdrafts 3,827,100 3,674,552
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 74,369 86,917
Later than one year and not later than five years 104,924 158,992
179,293 245,909
179,293 245,909
Page 5
Page 6
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9,000 9,000
Page 6