Company Registration No. SC208531 (Scotland)
Deeside Cuisine Ltd.
Unaudited accounts
for the year ended 30 June 2025
Deeside Cuisine Ltd.
Unaudited accounts
Contents
Deeside Cuisine Ltd.
Company Information
for the year ended 30 June 2025
Directors
Joy Buchan
Graham Buchan
Company Number
SC208531 (Scotland)
Registered Office
Cowshed Restaurant
Banchory
Kincardineshire
AB31 5QB
Scotland
Deeside Cuisine Ltd.
Statement of financial position
as at 30 June 2025
Tangible assets
492,238
512,553
Cash at bank and in hand
59,791
15,321
Creditors: amounts falling due within one year
(178,409)
(173,569)
Net current liabilities
(108,361)
(118,412)
Total assets less current liabilities
383,877
394,141
Creditors: amounts falling due after more than one year
(3,140)
(64,262)
Provisions for liabilities
Deferred tax
(15,931)
(15,454)
Net assets
364,806
314,425
Called up share capital
100
100
Profit and loss account
364,706
314,325
Shareholders' funds
364,806
314,425
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by
Joy Buchan
Director
Company Registration No. SC208531
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
Deeside Cuisine Ltd. is a private company, limited by shares, registered in Scotland, registration number SC208531. The registered office is Cowshed Restaurant, Banchory, Kincardineshire, AB31 5QB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land & buildings
2% - 4 % straight-line
Plant & machinery
20% straight-line
Fixtures & fittings
20% straight-line
Computer equipment
33% straight-line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Freehold land is not depreciated.
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
Impairment of fixed assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company’s contractual obligations are discharged, cancelled, or they expire.
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.
Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity.
Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.
Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.
Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.
For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
During the year, the company remained profitable despite the rising costs of food, electricity and increases to the minimum wage. Post year end, the company continues to trade profitably.
The company has net current liabilities of £108,361 (2024: £118,412) at the year end date but included in this balance is £20,771 (2024: £20,768) due to the directors.
The cash position continues to be closely monitored by the directors and they are confident that the company can continue to trade successfully. As a result the directors are of the opinion that with trading profits, director support and continuing support from bank funding currently in place the company can pay all liabilities, as they fall due, in the next 12 months from the balance sheet signing date. In addition, the company has a strong asset base which can provide security against the company’s outstanding liabilities. The financial statements have therefore been prepared on a going concern basis.
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2024
712,286
376,334
109,883
17,988
1,216,491
At 30 June 2025
712,286
376,334
109,883
17,988
1,216,491
At 1 July 2024
202,855
375,839
107,914
17,330
703,938
Charge for the year
18,958
386
628
343
20,315
At 30 June 2025
221,813
376,225
108,542
17,673
724,253
At 30 June 2025
490,473
109
1,341
315
492,238
At 30 June 2024
509,431
495
1,969
658
512,553
Amounts falling due after more than one year
Trade debtors
1,979
15,300
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
61,154
53,467
Trade creditors
17,598
25,491
Taxes and social security
37,398
61,069
Other creditors
5,117
33,542
Loans from directors
20,771
-
Deeside Cuisine Ltd.
Notes to the Accounts
for the year ended 30 June 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 34 (2024: 31).