REGISTERED NUMBER: 05943178 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SCOTT FARMS (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Smith

D J Smith

G A Smith

D R Scott

SECRETARY:

S J Smith

REGISTERED OFFICE:

Charter House

161 Newhall Street

Birmingham

West Midlands

B3 1SW

REGISTERED NUMBER:

05943178 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

137,091

168,255

Investments

5

188

188

Investment property

6

502,500

502,500

639,779

670,943

CURRENT ASSETS

Stocks

14,264

21,640

Debtors

7

1,988,723

2,587,275

Cash at bank

1,616,335

1,887,943

3,619,322

4,496,858

CREDITORS

Amounts falling due within one year

8

285,107

772,672

NET CURRENT ASSETS

3,334,215

3,724,186

TOTAL ASSETS LESS CURRENT LIABILITIES

3,973,994

4,395,129

CREDITORS

Amounts falling due after more than one year

9

(51,180

)

(81,041

)

PROVISIONS FOR LIABILITIES

(18,819

)

(24,030

)

NET ASSETS

3,903,995

4,290,058

CAPITAL AND RESERVES

Called up share capital

67

67

Share premium

224,983

224,983

Capital redemption reserve

6

6

Retained earnings

3,678,939

4,065,002

3,903,995

4,290,058

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 Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

S J Smith - Director

1.	STATUTORY INFORMATION

Scott Farms (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 each asset over its estimated useful life.

Fixtures and fittings

-

33.33% on cost and over remaining life of lease

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 9 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

321,095

75,633

61,608

458,336

Additions

-

4,800

2,814

7,614

At 31 December 2024

321,095

80,433

64,422

465,950

DEPRECIATION

At 1 January 2024

185,379

47,119

57,583

290,081

Charge for year

25,957

9,579

3,242

38,778

At 31 December 2024

211,336

56,698

60,825

328,859

NET BOOK VALUE

At 31 December 2024

109,759

23,735

3,597

137,091

At 31 December 2023

135,716

28,514

4,025

168,255

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

188

NET BOOK VALUE

At 31 December 2024

188

At 31 December 2023

188

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

502,500

NET BOOK VALUE

At 31 December 2024

502,500

At 31 December 2023

502,500

The investment property was last revalued by Sheldon Bosley Knight Ltd on 2 May 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

181,201

549,620

Amounts owed by group undertakings

698,559

957,169

Amounts owed by participating interests

364,726

295,754

Other debtors

744,237

784,732

1,988,723

2,587,275

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,573

21,915

Trade creditors

41,446

108,573

Amounts owed to participating interests

96,441

352,653

Taxation and social security

56,332

20,233

Other creditors

64,315

269,298

285,107

772,672

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

51,180

81,041

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Morgan Davies FCA (Senior Statutory Auditor)

for and on behalf of Prime

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024

2023

£

£

S J Smith

Balance outstanding at start of year

414,256

414,256

Amounts advanced

2,265

-

Amounts repaid

(975

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

415,546

414,256

G A Smith

Balance outstanding at start of year

-

-

Amounts advanced

55,087

-

Amounts repaid

(20,975

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,112

-