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Company Registration No. SC464333 (Scotland)
Good Highland Food Limited Unaudited accounts for the year ended 31 December 2024
Good Highland Food Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Good Highland Food Limited Company Information for the year ended 31 December 2024
Director
Yvonne Crook
Company Number
SC464333 (Scotland)
Registered Office
MORLICH HOUSE MOY BY TOMATIN INVERNESS IV13 7YE SCOTLAND
Accountants
Kerry Mackinnon Signature Accounting Solutions Ltd 93 Suilven Way Inverness Highland IV3 8PE
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Good Highland Food Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
50 
100 
Tangible assets
5
84,048 
63,132 
Investments
6
19,000 
19,000 
103,098 
82,232 
Current assets
Inventories
20,000 
20,000 
Debtors
7
27,447 
15,000 
47,447 
35,000 
Creditors: amounts falling due within one year
8
(82,757)
(88,140)
Net current liabilities
(35,310)
(53,140)
Total assets less current liabilities
67,788 
29,092 
Creditors: amounts falling due after more than one year
9
(64,106)
(28,243)
Net assets
3,682 
849 
Capital and reserves
Called up share capital
(1)
(1)
Profit and loss account
3,683 
850 
Shareholders' funds
3,682 
849 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Yvonne Crook Director Company Registration No. SC464333
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Good Highland Food Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Good Highland Food Limited is a private company, limited by shares, registered in Scotland, registration number SC464333. The registered office is MORLICH HOUSE MOY, BY TOMATIN, INVERNESS, IV13 7YE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Preparation of Financial Statements
The accounts have been prepared without full, open and transparent reporting or records having been provided by the previous accountant due to an ongoing dispute, particularly concerning the Balance Sheet records. The Director recognises there are likely to be minor amendments required upon submission in the next full set of accounts but has to the best of their knowledge, provided all accurate and comprehensive information that is available to them at the time of the submission.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: In these unusual circumstances where the businesses previous accountant has failed to provide accurate balance sheet, schedules or any supporting information, a 10% depreciation has been arrived at. In the annual accounts for 2022 Plant and Machinery was deemed to include the Vehicles, some Fixtures and Fittings and some Computer Equipment however these have been defined separately in the 2023 reporting.
Plant & machinery
10%
Motor vehicles
10%
Fixtures & fittings
10%
Computer equipment
10%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. In the annual accounts for 2022 the intangible assets were unknown and included in the tangible assets allocation. This value has now been determined and the correct allocation is made in the 2023 financial statements.
Tangible Asset Adjustments
In accordance with FRS 102, due to the non-disclosure of the Tangible Assets schedule by the previously engaged accounting professional, the Board has determined that the tangible assets were not appropriately classified. As a result, adjustments have been made to the classification and recognition of tangible assets in the financial statements for the current financial year.
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Good Highland Food Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
1,000 
At 31 December 2024
1,000 
Amortisation
At 1 January 2024
900 
Charge for the year
50 
At 31 December 2024
950 
Net book value
At 31 December 2024
50 
At 31 December 2023
100 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
30,033 
56,136 
32,879 
17,734 
136,782 
Additions
1,290 
49,408 
5,500 
535 
56,733 
Disposals
- 
(56,136)
- 
- 
(56,136)
At 31 December 2024
31,323 
49,408 
38,379 
18,269 
137,379 
Depreciation
At 1 January 2024
23,011 
35,232 
5,238 
10,169 
73,650 
Charge for the year
3,132 
4,916 
2,738 
1,127 
11,913 
On disposals
- 
(32,232)
- 
- 
(32,232)
At 31 December 2024
26,143 
7,916 
7,976 
11,296 
53,331 
Net book value
At 31 December 2024
5,180 
41,492 
30,403 
6,973 
84,048 
At 31 December 2023
7,022 
20,904 
27,641 
7,565 
63,132 
6
Investments
Other investments 
£ 
Valuation at 1 January 2024
19,000 
Valuation at 31 December 2024
19,000 
Good Highland Food has invested in Wine Fines and Rare Whisky.
- 6 -
Good Highland Food Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
27,419 
- 
Other debtors
28 
- 
27,447 
- 
Amounts falling due after more than one year
Accrued income and prepayments
- 
15,000 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
69,773 
27,961 
VAT
6,274 
9,908 
Obligations under finance leases and hire purchase contracts
8,907 
- 
Trade creditors
18,744 
4,569 
Taxes and social security
6,031 
11,539 
Proposed dividends
- 
40,000 
Other creditors
2,250 
- 
Loans from directors
(29,222)
(7,087)
Accruals
- 
1,250 
82,757 
88,140 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,931 
10,243 
Obligations under finance leases and hire purchase contracts
29,175 
- 
Loans from directors
- 
18,000 
64,106 
28,243 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Yvonne Crook
Directors Loan Account
168 
- 
- 
168 
168 
- 
- 
168 
11
Average number of employees
During the year the average number of employees was 18 (2023: 18).
- 7 -