REGISTERED NUMBER: SC455194 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

FOODSTORY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L K Bishop

A J Mckinnon

REGISTERED OFFICE:

13-15 Thistle Street

Aberdeen

AB10 1XZ

REGISTERED NUMBER:

SC455194 (Scotland)

ACCOUNTANTS:

Ritsons Chartered Accountants

15 Boyndie Street

Banff

AB45 1DY

FIXED ASSETS

Tangible assets

4

124,592

157,895

CURRENT ASSETS

Stocks

35,000

20,000

Debtors

5

13,176

49,104

Cash at bank and in hand

49,339

57,092

97,515

126,196

CREDITORS

Amounts falling due within one year

6

(157,189

)

(176,410

)

NET CURRENT LIABILITIES

(59,674

)

(50,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,918

107,681

CREDITORS

Amounts falling due after more than one year

7

(58,177

)

(78,884

)

PROVISIONS FOR LIABILITIES

(15,977

)

(21,898

)

NET (LIABILITIES)/ASSETS

(9,236

)

6,899

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(9,238

)

6,897

(9,236

)

6,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 15 October 2025 and were signed on its behalf by:

A J Mckinnon - Director

Miss L K Bishop - Director

1.	STATUTORY INFORMATION

Foodstory Limited 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.

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 35 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2023

40,500

328,195

368,695

Additions

-

1,268

1,268

At 31 July 2024

40,500

329,463

369,963

DEPRECIATION

At 1 August 2023

-

210,800

210,800

Charge for year

-

34,571

34,571

At 31 July 2024

-

245,371

245,371

NET BOOK VALUE

At 31 July 2024

40,500

84,092

124,592

At 31 July 2023

40,500

117,395

157,895

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

Plant and

machinery

etc

£

COST

At 1 August 2023

and 31 July 2024

14,710

DEPRECIATION

At 1 August 2023

5,740

Charge for year

2,242

At 31 July 2024

7,982

NET BOOK VALUE

At 31 July 2024

6,728

At 31 July 2023

8,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,301

-

Other debtors

8,875

49,104

13,176

49,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,500

19,700

Hire purchase contracts

3,899

3,899

Trade creditors

55,329

78,420

Taxation and social security

21,657

30,808

Other creditors

57,804

43,583

157,189

176,410

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

56,877

73,686

Hire purchase contracts

1,300

5,198

58,177

78,884