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REGISTERED NUMBER: SC650877 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Collie Butchers Ltd

Collie Butchers Ltd (Registered number: SC650877)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collie Butchers Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs S S Robertson
Mr S J Robertson





REGISTERED OFFICE: Collie Butchers
St Bryde's Road
Kemnay
Inverurie
AB51 5RD





REGISTERED NUMBER: SC650877 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Collie Butchers Ltd (Registered number: SC650877)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,611
Tangible assets 5 38,407 47,059
38,407 53,670

CURRENT ASSETS
Stocks 28,658 27,696
Debtors 6 14,765 20,044
Cash at bank and in hand 72,498 90,912
115,921 138,652
CREDITORS
Amounts falling due within one year 7 27,606 30,571
NET CURRENT ASSETS 88,315 108,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,722

161,751

PROVISIONS FOR LIABILITIES 8,226 14,354
NET ASSETS 118,496 147,397

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,396 147,297
118,496 147,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Collie Butchers Ltd (Registered number: SC650877)

Balance Sheet - continued
31 March 2025


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 25 June 2025 and were signed on its behalf by:





Mrs S S Robertson - Director


Collie Butchers Ltd (Registered number: SC650877)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Collie Butchers 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. 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 2020, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Collie Butchers Ltd (Registered number: SC650877)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 9 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 33,424
AMORTISATION
At 1 April 2024 26,813
Charge for year 6,611
At 31 March 2025 33,424
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 6,611

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 62,804 29,360 3,620 95,784
Additions 4,407 - 2,331 6,738
Disposals (5,129 ) - - (5,129 )
At 31 March 2025 62,082 29,360 5,951 97,393
DEPRECIATION
At 1 April 2024 37,771 7,521 3,433 48,725
Charge for year 6,819 5,460 947 13,226
Eliminated on disposal (2,965 ) - - (2,965 )
At 31 March 2025 41,625 12,981 4,380 58,986
NET BOOK VALUE
At 31 March 2025 20,457 16,379 1,571 38,407
At 31 March 2024 25,033 21,839 187 47,059

Collie Butchers Ltd (Registered number: SC650877)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 4,554 9,268
Other debtors 10,211 10,776
14,765 20,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 6,996 7,882
Taxation and social security 15,803 6,815
Other creditors 4,807 15,874
27,606 30,571

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mrs S S Robertson
Balance outstanding at start of year (184 ) (143 )
Amounts advanced 137 139
Amounts repaid (180 ) (180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (227 ) (184 )

Mr S J Robertson
Balance outstanding at start of year (184 ) (143 )
Amounts advanced 137 139
Amounts repaid (180 ) (180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (227 ) (184 )

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.