REGISTERED NUMBER: SC057321 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Rathburn Chemicals (Manufacturing) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Rev M H Mackay

Dr A J Mackenzie

Dr E M McMurray

Mrs B A Livingstone

SECRETARY:

Rev M H Mackay

REGISTERED OFFICE:

7 Caberston Road

Walkerburn

Peeblesshire

EH43 6AU

REGISTERED NUMBER:

SC057321 (Scotland)

ACCOUNTANT:

Susan Cove Accountancy Limited

Chartered Accountant

Ty Hapus

Clerklands

Melrose

Roxburghshire

TD6 9JR

FIXED ASSETS

Tangible assets

4

2,251,505

2,937,637

Investments

5

1,727,176

1,777,103

3,978,681

4,714,740

CURRENT ASSETS

Stocks

360,437

365,223

Debtors

6

606,173

1,319,642

Cash at bank

820,674

641,194

1,787,284

2,326,059

CREDITORS

Amounts falling due within one year

7

5,213,716

4,768,499

NET CURRENT LIABILITIES

(3,426,432

)

(2,442,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

552,249

2,272,300

CREDITORS

Amounts falling due after more than one year

8

405,266

597,639

NET ASSETS

146,983

1,674,661

CAPITAL AND RESERVES

Called up share capital

101

101

Revaluation reserve

9

30,000

30,000

Capital redemption reserve

2

2

Retained earnings

116,880

1,644,558

SHAREHOLDERS' FUNDS

146,983

1,674,661

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Dr A J Mackenzie - Director

1.	STATUTORY INFORMATION

Rathburn Chemicals (Manufacturing) 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 as modified by the revaluation of certain assets.

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.

Land & buildings

-

at varying rates on cost

Plant & machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Land is not depreciated.

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.

Investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value. For listed investments market value is based on the closing middle price on the appropriate recognised stock exchange.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Land &

Plant &

Motor

property

buildings

machinery

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

1,468,209

1,326,259

423,116

30,445

3,248,029

Additions

-

-

35,563

16,490

52,053

Disposals

-

-

(29,189

)

6,495

(22,694

)

At 31 December 2024

1,468,209

1,326,259

429,490

53,430

3,277,388

DEPRECIATION

At 1 January 2024

-

-

286,245

24,147

310,392

Charge for year

12,171

683,799

24,660

6,546

727,176

Eliminated on disposal

-

-

(18,180

)

6,495

(11,685

)

At 31 December 2024

12,171

683,799

292,725

37,188

1,025,883

NET BOOK VALUE

At 31 December 2024

1,456,038

642,460

136,765

16,242

2,251,505

At 31 December 2023

1,468,209

1,326,259

136,871

6,298

2,937,637

Included in cost or valuation of land and buildings is freehold land of £ 576,325 (2023 - £ 1,193,074 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1999

30,000

-

30,000

Cost

2,764,468

482,920

3,247,388

2,794,468

482,920

3,277,388

If Buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

1,571,394

1,571,394

Value of land in freehold land and buildings

576,325

1,193,074

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 January 2024

1,777,103

Disposals

(49,927

)

At 31 December 2024

1,727,176

NET BOOK VALUE

At 31 December 2024

1,727,176

At 31 December 2023

1,777,103

The total of unlisted investments above includes £613,395 at each year end representing shares in group undertakings.

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Other debtors

5,736

719,205

Amounts falling due after more than one year:

Other debtors

600,437

600,437

Aggregate amounts

606,173

1,319,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

68,906

202,005

Amounts owed to group undertakings

4,218,931

3,641,166

Taxation and social security

59,169

61,342

Other creditors

866,710

863,986

5,213,716

4,768,499

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

405,266

597,639

9.

RESERVES

Revaluatio

reserve

£

At 1 January 2024

and 31 December 2024

30,000