ACCOUNTS - Final Accounts preparation

Registered number: SC360292

KINGDOM PRODUCE LIMITED

(A company limited by guarantee)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


KINGDOM PRODUCE LIMITED (A company limited by guarantee)

COMPANY INFORMATION

DIRECTORS	Mr A Faichney
	Mr F McDonald


REGISTERED NUMBER	SC360292


REGISTERED OFFICE	14 City Quay
	Dundee
	DD1 3JA


ACCOUNTANTS	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA


BANKERS	Bank of Scotland
	9 Falkland Gate
	Glenrothes
	Fife
	KY7 5LW


SOLICITORS	Thorntons Law LLP
	Kinburn Castle
	St Andrews
	Fife
	KY16 9DR


KINGDOM PRODUCE LIMITED (A company limited by guarantee)

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KINGDOM PRODUCE LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kingdom Produce Limited for the year ended 31 March 2025 which comprise the Statement of financial position 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 the Institute of Chartered Accountants of Scotland, 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 Board of directors of Kingdom Produce Limited, as a body, in accordance with the terms of our engagement letter dated 8 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Kingdom Produce Limited and state those matters that we have agreed to state to the Board of directors of Kingdom Produce Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland 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 Kingdom Produce Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Kingdom Produce Limited 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 loss of Kingdom Produce Limited. You consider that Kingdom Produce Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kingdom Produce Limited. 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.

EQ Accountants Limited

Chartered Accountants

14 City Quay

Dundee

DD1 3JA

24 September 2025

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KINGDOM PRODUCE LIMITED (A company limited by guarantee) REGISTERED NUMBER:SC360292

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£


Current assets
Debtors: amounts falling due within one year	3	40,725		19,545
Cash at bank and in hand		12,925		17,875
		53,650		37,420
Creditors: amounts falling due within one year	4	(35,870)		(19,322)
Net current assets			17,780		18,098
Total assets less current liabilities			17,780		18,098

Net assets			17,780		18,098

Capital and reserves
Profit and loss account	17,780	18,098
	17,780	18,098

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr A Faichney

Director

Date: 24 September 2025

The notes on pages 3 to 4 form part of these financial statements.

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KINGDOM PRODUCE LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

The company is limited by Guarantee and incorporated in Scotland; Registration Number SC360292. The registered office address is 14 City Quay, Dundee, DD1 3JA. The company's place of business is Prestonhall Industrial Estate, Cupar, Fife, KY15 4RD.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

DEBTORS

					2025	2024
					£	£


Trade debtors	40,725	19,545
	40,725	19,545

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KINGDOM PRODUCE LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	34,770	18,222
Accruals and deferred income	1,100	1,100
	35,870	19,322


5.	COMPANY LIMITED BY GUARANTEE

Every member of the company undertakes to contribute such an amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

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