Border Meats Limited 31/01/2025 iXBRL

Company registration number: SC523846

Border Meats Limited

Unaudited filleted financial statements

31 January 2025

Border Meats Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Border Meats Limited

Directors and other information


	Directors	S I Carlisle
		J W Carlisle


	Company number	SC523846


	Registered office	Lockerbie Abattoir
		Mains Meadow
		Lockerbie
		DG11 2DE


	Accountants	Carson and Trotter CA
		123 Irish Street
		Dumfries
		DG1 2PE

Border Meats Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Border Meats Limited

Year ended 31st January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Meats Limited for the year ended 31st January 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Border Meats Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Border Meats Limited and state those matters that we have agreed to state to the board of directors of Border Meats Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Border Meats Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Border Meats Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Meats Limited. You consider that Border Meats Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Border Meats Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carson and Trotter CA

Chartered Accountants

123 Irish Street

Dumfries

DG1 2PE

30th October 2025

Border Meats Limited

Statement of financial position

31st January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	185,000		-
Tangible assets	6	1,322,121		1,109,154
		_______		_______
			1,507,121		1,109,154

Current assets
Stocks		147,295		122,813
Debtors	7	862,458		979,100
Cash at bank and in hand		42,809		50,879
		_______		_______
		1,052,562		1,152,792
Creditors: amounts falling due
within one year	8	( 699,329)		( 508,712)
		_______		_______
Net current assets			353,233		644,080
			_______		_______
Total assets less current liabilities			1,860,354		1,753,234

Creditors: amounts falling due
after more than one year	9		( 783,548)		( 774,716)

Provisions for liabilities			( 62,917)		( 65,795)

			_______		_______
Net assets			1,013,889		912,723
			_______		_______

Capital and reserves
Called up share capital	10		120		120
Profit and loss account			1,013,769		912,603
			_______		_______
Shareholders funds			1,013,889		912,723
			_______		_______

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

S I Carlisle

Director

Company registration number: SC523846

Border Meats Limited

Notes to the financial statements

Year ended 31st January 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Lockerbie Abattoir, Mains Meadow, Lockerbie, DG11 2DE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Land and Property	-	2 %	straight line
Plant and machinery	-	10 %	straight line
Fittings fixtures and equipment	-	10 %	straight line
Motor vehicles	-	25 %	reducing balance
Office Equipment	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 29 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1st February 2024	1	1
Additions	200,000	200,000
	_______	_______
At 31st January 2025	200,001	200,001
	_______	_______
Amortisation
At 1st February 2024	1	1
Charge for the year	15,000	15,000
	_______	_______
At 31st January 2025	15,001	15,001
	_______	_______
Carrying amount
At 31st January 2025	185,000	185,000
	_______	_______
At 31st January 2024	-	-
	_______	_______

6. Tangible assets

	Land and Property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Office Equipment	Total
	£	£	£	£	£	£
Cost
At 1st February 2024	583,941	846,351	67,474	259,430	237,269	1,994,465
Additions	203,853	60,628	11,150	126,195	-	401,826
	_______	_______	_______	_______	_______	_______
At 31st January 2025	787,794	906,979	78,624	385,625	237,269	2,396,291
	_______	_______	_______	_______	_______	_______
Depreciation
At 1st February 2024	70,218	485,703	38,579	151,137	139,672	885,309
Charge for the year	14,737	87,727	7,862	54,808	23,727	188,861
	_______	_______	_______	_______	_______	_______
At 31st January 2025	84,955	573,430	46,441	205,945	163,399	1,074,170
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31st January 2025	702,839	333,549	32,183	179,680	73,870	1,322,121
	_______	_______	_______	_______	_______	_______
At 31st January 2024	513,723	360,648	28,895	108,293	97,597	1,109,156
	_______	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	440,524	358,866
Other debtors	421,934	620,234
	_______	_______
	862,458	979,100
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	346,988	253,041
Trade creditors	229,511	101,817
Corporation tax	41,168	25,230
Other creditors	81,662	128,624
	_______	_______
	699,329	508,712
	_______	_______

The company's outstanding bank loans and overdrafts are secured at the year end by a fixed and floating charge over the assets of the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	699,568	730,000
Other creditors	83,980	44,716
	_______	_______
	783,548	774,716
	_______	_______

The company's outstanding bank loans and overdrafts are secured at the year end by a fixed and floating charge over the assets of the company.

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
Ordinary A shares of £ 1.00 each	10	10	10	10
Ordinary B shares of £ 1.00 each	5	5	5	5
Ordinary C shares of £ 1.00 each	5	5	5	5
	_______	_______	_______	_______
	120	120	120	120
	_______	_______	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	S I Carlisle	506,283	-	( 225,858)	280,425
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	S I Carlisle	207,919	298,364	-	506,283
		_______	_______	_______	_______

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2025	2024
	£	£
Purchases from entity controlled by a Director	4,467,890	4,284,939
Dividends paid to Directors	41,208	44,642
	_______	_______

13. Controlling party

The company is under the control of the directors.