REGISTERED NUMBER: 00596178 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

S MARKILLIE & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Markillie

Mrs A C Markillie

C E Markillie

SECRETARY:

Mrs A C Markillie

REGISTERED OFFICE:

Grange Farm

Tydd St Mary

Wisbech

Cambridgeshire

PE13 5QZ

REGISTERED NUMBER:

00596178 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,196,436

3,016,576

3,196,436

3,016,576

CURRENT ASSETS

Stocks

394,380

343,429

Debtors

6

92,592

380,787

Investments

7

70

70

Cash at bank

2,104,345

1,585,984

2,591,387

2,310,270

CREDITORS

Amounts falling due within one year

8

735,386

753,010

NET CURRENT ASSETS

1,856,001

1,557,260

TOTAL ASSETS LESS CURRENT LIABILITIES

5,052,437

4,573,836

PROVISIONS FOR LIABILITIES

186,500

140,400

NET ASSETS

4,865,937

4,433,436

CAPITAL AND RESERVES

Called up share capital

8,500

8,500

Retained earnings

4,857,437

4,424,936

4,865,937

4,433,436

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 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.

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 24 September 2025 and were signed on its behalf by:

P Markillie - Director

1.	STATUTORY INFORMATION

S Markillie & Son Limited 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Sugar beet quota is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation has been computed to write off the cost of tangible fixed assets on a reducing balance basis over their expected useful economic lives unless otherwise stated using the following rates:

Freehold buildings

- no depreciation

Leasehold property

- equal instalments over the period of the lease

Plant and machinery

- 25% per annum

Fixtures and fittings

- 25% per annum

Motor vehicles

- 25% per annum

Leased assets

- over the period of the lease

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of Section 1A " Small Entities" of Financial Reporting Standard 102, to ensure that the recoverable amount is not lower than the carrying value.

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.

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 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Sugar

beet

quota

£

COST

At 1 January 2024

and 31 December 2024

84,513

AMORTISATION

At 1 January 2024

and 31 December 2024

84,513

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

2,386,956

2,507

1,846,099

Additions

790

-

448,355

Disposals

-

-

(257,010

)

At 31 December 2024

2,387,746

2,507

2,037,444

DEPRECIATION

At 1 January 2024

-

2,507

1,254,878

Charge for year

-

-

246,524

Eliminated on disposal

-

-

(243,817

)

At 31 December 2024

-

2,507

1,257,585

NET BOOK VALUE

At 31 December 2024

2,387,746

-

779,859

At 31 December 2023

2,386,956

-

591,221

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

20,761

60,320

4,316,643

Additions

-

-

449,145

Disposals

-

-

(257,010

)

At 31 December 2024

20,761

60,320

4,508,778

DEPRECIATION

At 1 January 2024

18,893

23,789

1,300,067

Charge for year

436

9,132

256,092

Eliminated on disposal

-

-

(243,817

)

At 31 December 2024

19,329

32,921

1,312,342

NET BOOK VALUE

At 31 December 2024

1,432

27,399

3,196,436

At 31 December 2023

1,868

36,531

3,016,576

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

15,713

283,371

Other debtors

76,879

97,416

92,592

380,787

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Unlisted investments

70

70

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

51,292

51,784

Taxation and social security

143,886

100,187

Other creditors

540,208

601,039

735,386

753,010

9.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

£

Contracted but not provided for in the

financial statements

-

165,000