REGISTERED NUMBER: SC480212 (Scotland)

Financial Statements for the Year Ended 30 April 2025

for

DJM Farming Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D H Miller

Mrs J M Miller

Miss G H Miller

Miss M J Miller

REGISTERED OFFICE:

Netherton Farm

Bilbster

Wick

Caithness

KW1 5TA

REGISTERED NUMBER:

SC480212 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

989,156

947,977

CURRENT ASSETS

Stocks

29,710

21,267

Debtors

5

661,488

629,923

Cash at bank

93,584

8,139

784,782

659,329

CREDITORS

Amounts falling due within one year

6

(132,049

)

(120,446

)

NET CURRENT ASSETS

652,733

538,883

TOTAL ASSETS LESS CURRENT LIABILITIES

1,641,889

1,486,860

CREDITORS

Amounts falling due after more than one year

7

(21,975

)

(9,009

)

PROVISIONS FOR LIABILITIES

(80,891

)

(70,262

)

NET ASSETS

1,539,023

1,407,589

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,538,923

1,407,489

SHAREHOLDERS' FUNDS

1,539,023

1,407,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 2 October 2025 and were signed on its behalf by:

D H Miller - Director

1.	STATUTORY INFORMATION

DJM Farming 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1 May 2024

624,877

61,436

532,190

1,218,503

Additions

-

-

140,175

140,175

Disposals

-

-

(76,825

)

(76,825

)

At 30 April 2025

624,877

61,436

595,540

1,281,853

DEPRECIATION

At 1 May 2024

-

19,737

250,789

270,526

Charge for year

-

1,668

57,225

58,893

Eliminated on disposal

-

-

(36,722

)

(36,722

)

At 30 April 2025

-

21,405

271,292

292,697

NET BOOK VALUE

At 30 April 2025

624,877

40,031

324,248

989,156

At 30 April 2024

624,877

41,699

281,401

947,977

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2024

138,719

Additions

121,925

Transfer to ownership

(69,565

)

At 30 April 2025

191,079

DEPRECIATION

At 1 May 2024

53,529

Charge for year

24,659

Transfer to ownership

(26,844

)

At 30 April 2025

51,344

NET BOOK VALUE

At 30 April 2025

139,735

At 30 April 2024

85,190

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

3,350

Other debtors

661,488

626,573

661,488

629,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,692

Hire purchase contracts

30,984

19,443

Trade creditors

23,327

17,446

Taxation and social security

57,658

58,262

Other creditors

20,080

23,603

132,049

120,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

21,975

9,009

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

D H Miller

Balance outstanding at start of year

-

5,221

Amounts repaid

-

(5,221

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-