REGISTERED NUMBER: SC545239 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

Just Natural Feeds Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J Barrie

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC545239 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

243,246

246,198

CURRENT ASSETS

Stocks

305,000

205,000

Debtors

5

111,834

169,117

Cash at bank

492,570

614,096

909,404

988,213

CREDITORS

Amounts falling due within one year

6

363,307

436,221

NET CURRENT ASSETS

546,097

551,992

TOTAL ASSETS LESS CURRENT LIABILITIES

789,343

798,190

CREDITORS

Amounts falling due after more than one year

7

(74,947

)

(125,758

)

PROVISIONS FOR LIABILITIES

8

(14,641

)

(28,443

)

NET ASSETS

699,755

643,989

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

699,655

643,889

699,755

643,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

J Barrie - Director

1.	STATUTORY INFORMATION

Just Natural Feeds 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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% 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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 20 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

84,549

585,852

11,472

Additions

110,799

2,942

-

Disposals

-

-

-

At 31 December 2024

195,348

588,794

11,472

DEPRECIATION

At 1 January 2024

33,920

452,263

4,406

Charge for year

19,535

79,473

1,413

Eliminated on disposal

-

-

-

At 31 December 2024

53,455

531,736

5,819

NET BOOK VALUE

At 31 December 2024

141,893

57,058

5,653

At 31 December 2023

50,629

133,589

7,066

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

120,925

13,750

816,548

Additions

-

-

113,741

Disposals

(19,995

)

-

(19,995

)

At 31 December 2024

100,930

13,750

910,294

DEPRECIATION

At 1 January 2024

66,912

12,849

570,350

Charge for year

12,836

767

114,024

Eliminated on disposal

(17,326

)

-

(17,326

)

At 31 December 2024

62,422

13,616

667,048

NET BOOK VALUE

At 31 December 2024

38,508

134

243,246

At 31 December 2023

54,013

901

246,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

51,929

57,601

Other debtors

59,905

111,516

111,834

169,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

27,315

9,116

Hire purchase contracts

30,890

60,599

Trade creditors

171,820

229,244

Taxation and social security

85,031

96,238

Other creditors

48,251

41,024

363,307

436,221

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

27,412

13,334

Hire purchase contracts

19,535

50,424

Other creditors

28,000

62,000

74,947

125,758

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

14,641

28,443

Deferred

tax

£

Balance at 1 January 2024

28,443

Utilised during year

(13,802

)

Balance at 31 December 2024

14,641

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed £6,885 (2024 - £47,113) to the company.

The following reproduces the text of the report prepared for the director 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 Director 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 Just Natural Feeds Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Just Natural Feeds Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Just Natural Feeds Ltd and state those matters that we have agreed to state to the director of Just Natural Feeds Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Just Natural Feeds 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 profit of Just Natural Feeds Ltd. You consider that Just Natural Feeds 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 Just Natural Feeds 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

19 September 2025