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REGISTERED NUMBER: SC368645 (Scotland)















Unaudited Financial Statements for the Year Ended 31st January 2025

for

Kilnford Farm Retail Limited

Kilnford Farm Retail Limited (Registered number: SC368645)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Kilnford Farm Retail Limited

Company Information
for the Year Ended 31st January 2025







DIRECTOR: J Rome





REGISTERED OFFICE: c/o Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ





REGISTERED NUMBER: SC368645 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Kilnford Farm Retail Limited (Registered number: SC368645)

Balance Sheet
31st January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 265,540 286,865

CURRENT ASSETS
Stocks 88,478 86,578
Debtors 5 866 5,386
Cash in hand 16,010 24,314
105,354 116,278
CREDITORS
Amounts falling due within one year 6 (156,604 ) (221,089 )
NET CURRENT LIABILITIES (51,250 ) (104,811 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,290

182,054

CREDITORS
Amounts falling due after more than one year 7 - (213 )

PROVISIONS FOR LIABILITIES (65,306 ) (70,350 )
NET ASSETS 148,984 111,491

CAPITAL AND RESERVES
Called up share capital 1,700 1,700
Retained earnings 147,284 109,791
SHAREHOLDERS' FUNDS 148,984 111,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1st July 2025 and were signed by:





J Rome - Director


Kilnford Farm Retail Limited (Registered number: SC368645)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. STATUTORY INFORMATION

Kilnford Farm Retail Limited 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.

The trading address is Kilnford Barns, The Glen, Dumfries DG2 8PT.

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 represents all sales, excluding VAT, in the period under review including products for resale, butchered meat products and the on site restaurant.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Kilnford Farm Retail Limited (Registered number: SC368645)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and Contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2024 565,608
Additions 29,043
Disposals (13,175 )
At 31st January 2025 581,476
DEPRECIATION
At 1st February 2024 278,743
Charge for year 49,628
Eliminated on disposal (12,435 )
At 31st January 2025 315,936
NET BOOK VALUE
At 31st January 2025 265,540
At 31st January 2024 286,865

Kilnford Farm Retail Limited (Registered number: SC368645)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2024 34,479
Transfer to ownership (34,479 )
At 31st January 2025 -
DEPRECIATION
At 1st February 2024 8,834
Transfer to ownership (8,834 )
At 31st January 2025 -
NET BOOK VALUE
At 31st January 2025 -
At 31st January 2024 25,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 216 4,786
Other debtors 650 600
866 5,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 45,092 116,107
Hire purchase contracts - 24,960
Taxation and social security 92,934 60,481
Other creditors 18,578 19,541
156,604 221,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 213

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts - 25,173

The hire purchase creditors are secured against the assets which have been financed.

Kilnford Farm Retail Limited (Registered number: SC368645)

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

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £58,500 (2024 - £40,000) were paid to the director .

The company operates a director's current account. As at 31st January 2025 the company owed the sum of £2,097 (2024 - £2,097). This sum is interest free and repayable on demand.

During the year under review the company paid rent to the director of £50,000 (2024 - £50,000).