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REGISTERED NUMBER: SC596634 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

KNOWLES FOOD SERVICES (SHETLAND) LIMITED
KNOWLES FOOD SERVICES (SHETLAND) LIMITED (REGISTERED NUMBER: SC596634)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNOWLES FOOD SERVICES (SHETLAND) LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTORS: S H D Cowie
T Cowie





SECRETARY: Infinity Secretaries Limited





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC596634 (Scotland)





1
KNOWLES FOOD SERVICES (SHETLAND) LIMITED (REGISTERED NUMBER: SC596634)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,405 48,817

CURRENT ASSETS
Stocks 19,652 21,516
Debtors 5 105,491 124,229
Cash at bank and in hand 370,661 498,800
495,804 644,545
CREDITORS
Amounts falling due within one year 6 457,461 596,185
NET CURRENT ASSETS 38,343 48,360
TOTAL ASSETS LESS CURRENT
LIABILITIES
72,748
97,177

CREDITORS
Amounts falling due after more than one
year
7
7,500
17,500
NET ASSETS 65,248 79,677

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 65,247 79,676
65,248 79,677

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 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 notes form part of these financial statements

2
KNOWLES FOOD SERVICES (SHETLAND) LIMITED (REGISTERED NUMBER: SC596634)

Balance Sheet - continued
31 January 2025


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 30 October 2025 and were signed on its behalf by:





S H D Cowie - Director


The notes form part of these financial statements

3
KNOWLES FOOD SERVICES (SHETLAND) LIMITED (REGISTERED NUMBER: SC596634)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Knowles Food Services (Shetland) 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.
Plant and machinery - 20% on cost and 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% 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 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
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.

4
KNOWLES FOOD SERVICES (SHETLAND) LIMITED (REGISTERED NUMBER: SC596634)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024
and 31 January 2025 25,005 54,500 3,386 82,891
DEPRECIATION
At 1 February 2024 16,029 16,465 1,580 34,074
Charge for year 3,135 10,600 677 14,412
At 31 January 2025 19,164 27,065 2,257 48,486
NET BOOK VALUE
At 31 January 2025 5,841 27,435 1,129 34,405
At 31 January 2024 8,976 38,035 1,806 48,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 97,799 116,467
Other debtors 7,692 7,762
105,491 124,229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 80,162 107,805
Amounts owed to group undertakings 317,839 416,629
Taxation and social security 5,800 13,866
Other creditors 43,660 47,885
457,461 596,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 7,500 17,500

8. ULTIMATE CONTROLLING PARTY

The controlling party is Knowles Group Holdings Limited.

The ultimate controlling party is S H D Cowie and T Cowie.

5