REGISTERED NUMBER: SC124536 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Fox Lane Market Garden Co-Operative

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Henderson

Mr H C Henderson

REGISTERED OFFICE:

Foxlane at Carnie

Skene

Westhill

Aberdeenshire

AB32 6JZ

REGISTERED NUMBER:

SC124536 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

1,501,352

1,543,734

CURRENT ASSETS

Stocks

44,478

58,361

Debtors

5

17,052

34,845

Cash at bank and in hand

2,021

420

63,551

93,626

CREDITORS

Amounts falling due within one year

6

76,059

95,952

NET CURRENT LIABILITIES

(12,508

)

(2,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,488,844

1,541,408

CREDITORS

Amounts falling due after more than one year

7

3,914

14,049

NET ASSETS

1,484,930

1,527,359

RESERVES

Income and expenditure account

1,484,930

1,527,359

1,484,930

1,527,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 surplus or deficit 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 6 October 2025 and were signed on its behalf by:

Mr G Henderson - Director

1.	STATUTORY INFORMATION

Fox Lane Market Garden Co-Operative Limited is a private company, limited by guarantee , 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.

Freehold property

-

2% on cost

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

2,070,531

139,177

63,982

2,273,690

Additions

-

-

15,995

15,995

Disposals

-

-

(16,495

)

(16,495

)

At 31 January 2025

2,070,531

139,177

63,482

2,273,190

DEPRECIATION

At 1 February 2024

561,160

131,394

37,402

729,956

Charge for year

37,410

3,892

12,951

54,253

Eliminated on disposal

-

-

(12,371

)

(12,371

)

At 31 January 2025

598,570

135,286

37,982

771,838

NET BOOK VALUE

At 31 January 2025

1,471,961

3,891

25,500

1,501,352

At 31 January 2024

1,509,371

7,783

26,580

1,543,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

3,084

13,467

Other debtors

13,968

21,378

17,052

34,845

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,908

26,342

Trade creditors

52,457

51,107

Taxation and social security

4,627

5,831

Other creditors

8,067

12,672

76,059

95,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

3,914

14,049

8.	ULTIMATE CONTROLLING PARTY

The company is Limited by Guarantee and is not under the control of any individual.