Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-314The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity4truetruefalse SC500932 2024-04-01 2025-03-31 SC500932 2023-04-01 2024-03-31 SC500932 2025-03-31 SC500932 2024-03-31 SC500932 c:Director1 2024-04-01 2025-03-31 SC500932 c:Director2 2024-04-01 2025-03-31 SC500932 c:Director3 2024-04-01 2025-03-31 SC500932 c:RegisteredOffice 2024-04-01 2025-03-31 SC500932 d:Buildings 2024-04-01 2025-03-31 SC500932 d:Buildings 2025-03-31 SC500932 d:Buildings 2024-03-31 SC500932 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC500932 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 SC500932 d:Buildings d:LongLeaseholdAssets 2025-03-31 SC500932 d:Buildings d:LongLeaseholdAssets 2024-03-31 SC500932 d:PlantMachinery 2024-04-01 2025-03-31 SC500932 d:PlantMachinery 2025-03-31 SC500932 d:PlantMachinery 2024-03-31 SC500932 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC500932 d:MotorVehicles 2024-04-01 2025-03-31 SC500932 d:MotorVehicles 2025-03-31 SC500932 d:MotorVehicles 2024-03-31 SC500932 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC500932 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC500932 d:CurrentFinancialInstruments 2025-03-31 SC500932 d:CurrentFinancialInstruments 2024-03-31 SC500932 d:Non-currentFinancialInstruments 2025-03-31 SC500932 d:Non-currentFinancialInstruments 2024-03-31 SC500932 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC500932 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC500932 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC500932 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC500932 d:ShareCapital 2025-03-31 SC500932 d:ShareCapital 2024-03-31 SC500932 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC500932 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC500932 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC500932 c:OrdinaryShareClass1 2025-03-31 SC500932 c:OrdinaryShareClass1 2024-03-31 SC500932 c:FRS102 2024-04-01 2025-03-31 SC500932 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC500932 c:FullAccounts 2024-04-01 2025-03-31 SC500932 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC500932 6 2024-04-01 2025-03-31 SC500932 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC500932










DAVIDSON FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
DAVIDSON FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
George Davidson 
Mrs Eileen Davidson 
Craig Davidson 




REGISTERED NUMBER
SC500932



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
DAVIDSON FARMS LIMITED
REGISTERED NUMBER: SC500932

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

FIXED ASSETS
  

Tangible Fixed Assets
 4 
2,418,264
2,440,029

Investments
 5 
43,964
43,964

  
2,462,228
2,483,993

CURRENT ASSETS
  

Stocks
  
190,563
221,472

Debtors Within One Year
 6 
92,261
55,652

  
282,824
277,124

Creditors: Amounts Falling Due Within One Year
 7 
(1,179,516)
(1,138,141)

NET CURRENT LIABILITIES
  
 
 
(896,692)
 
 
(861,017)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,565,536
1,622,976

Creditors: Amounts Falling Due After More Than One Year
 8 
(37,134)
(55,250)

PROVISIONS FOR LIABILITIES
  

Deferred Taxation
  
(62,119)
(28,806)

  
 
 
(62,119)
 
 
(28,806)

NET ASSETS
  
1,466,283
1,538,920


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1,400,000
1,400,000

Profit and loss account
  
66,283
138,920

  
1,466,283
1,538,920


Page 1

 
DAVIDSON FARMS LIMITED
REGISTERED NUMBER: SC500932

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 16 July 2025.




George Davidson
Mrs Eileen Davidson
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Davidson Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC500932. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The principal place of business is Crichie Farm, Inverurie, Aberdeenshire, AB51 5NP.  

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
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.

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, using the following bases:.

Depreciation is provided on the following basis:

Property Improvements
-
4.0%
straight-line
Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
reducing balance

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.

Page 4

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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 4 (2024 - 4).

Page 5

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


TANGIBLE FIXED ASSETS





Heritable property
Property improvements
Plant and machinery
Motor vehicles

£
£
£
£



COST OR VALUATION


At 1 April 2024
2,032,552
121,808
379,346
39,812


Additions
-
-
38,150
-


Disposals
-
-
(21,851)
-



At 31 March 2025

2,032,552
121,808
395,645
39,812



DEPRECIATION


At 1 April 2024
-
4,872
103,500
25,117


Charge for the year on owned assets
-
4,872
37,523
3,674


Disposals
-
-
(8,005)
-



At 31 March 2025

-
9,744
133,018
28,791



NET BOOK VALUE



At 31 March 2025
2,032,552
112,064
262,627
11,021

Total

£



COST OR VALUATION


At 1 April 2024
2,573,518


Additions
38,150


Disposals
(21,851)



At 31 March 2025

2,589,817



DEPRECIATION


At 1 April 2024
133,489


Charge for the year on owned assets
46,069


Disposals
(8,005)



At 31 March 2025

171,553



NET BOOK VALUE



At 31 March 2025
2,418,264

Page 6

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 April 2024
43,964



At 31 March 2025
43,964





6.


DEBTORS

2025
2024
£
£


Trade debtors
81,175
44,046

Other debtors
11,086
11,606

92,261
55,652



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Bank overdrafts
176,150
263,839

Bank loans
200,000
100,000

Trade creditors and accruals
24,145
52

Other taxation and social security
1,544
284

Obligations under finance lease and hire purchase contracts
33,631
27,625

Other creditors
744,046
746,341

1,179,516
1,138,141


The following liabilities were secured:

2025
2024
£
£



Hire purchase obligations
33,631
27,625

33,631
27,625

Details of security provided:

The hire purchase creditors are secured against the underlying asset purchased.

Page 7

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
37,134
55,250

37,134
55,250


The following liabilities were secured:

2025
2024
£
£



Hire purchase obligations
37,134
55,250

37,134
55,250

Details of security provided:

The hire purchase creditors are secured against the underlying asset purchased.

Page 8

 
DAVIDSON FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,400,000 (2024 - 1,400,000) Ordinary Shares shares of £1.00 each
1,400,000
1,400,000



Page 9