Demalfie Livestock Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC794945

		31 January 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		10,000

			10,000
CURRENT ASSETS
Stocks	5	24,000
Cash at bank and in hand		9,444

		33,444
Creditors: Amounts Falling Due Within One Year	6	(31,053 )

NET CURRENT ASSETS (LIABILITIES)			2,391

TOTAL ASSETS LESS CURRENT LIABILITIES			12,391

Creditors: Amounts Falling Due After More Than One Year	7		(2,427 )

NET ASSETS			9,964

CAPITAL AND RESERVES
Called up share capital	9		1
Profit and Loss Account			9,963

SHAREHOLDERS' FUNDS			9,964

Page 1

Page 2

Demalfie Livestock Limited

Balance Sheet (continued)

As At 31 January 2025

For the period ending 31 January 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alex Ralston

Director

03/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Demalfie Livestock Limited is a private company, limited by shares, incorporated in Scotland, registered number SC794945 . The registered office is 62 Beechwood Court, Aberdeen, AB16 5PW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

Page 3

Page 4

Demalfie Livestock Limited

Notes to the Financial Statements (continued)

For the Period 11 January 2024 to 31 January 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 11 January 2024	-	-	-
Additions	500	12,000	12,500

As at 31 January 2025	500	12,000	12,500

Depreciation
As at 11 January 2024	-	-	-
Provided during the period	100	2,400	2,500

As at 31 January 2025	100	2,400	2,500

Net Book Value
As at 31 January 2025	400	9,600	10,000

As at 11 January 2024	-	-	-

5. Stocks

	31 January 2025
	£
Stock	24,000

6. Creditors: Amounts Falling Due Within One Year

	31 January 2025
	£
Net obligations under finance lease and hire purchase contracts	2,125
Other creditors	28,928

	31,053

7. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025
	£
Net obligations under finance lease and hire purchase contracts	2,427

8. Obligations Under Finance Leases and Hire Purchase

	31 January 2025
	£
The future minimum finance lease payments are as follows:
Not later than one year	2,125
Later than one year and not later than five years	2,427

	4,552

	4,552

Page 4

Page 5

Demalfie Livestock Limited

Notes to the Financial Statements (continued)

For the Period 11 January 2024 to 31 January 2025

9. Share Capital

	31 January 2025
	£
Allotted, Called up and fully paid	1

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 11 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Miss Kirsty Dyce	-	-	312	-	312
Mr Alex Ralston	-	778	26,895	-	26,117

The above loan to the company is interest free.

Page 5