REGISTERED NUMBER: SC624332 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bishopton Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J J B Dunlop

Mr J G Dunlop

REGISTERED OFFICE:

Bishopton Farm

Kirkcudbright

Kirkcudbrightshire

DG6 4TJ

REGISTERED NUMBER:

SC624332 (Scotland)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

34,453

40,174

CURRENT ASSETS

Stocks

5

807,334

821,184

Debtors

6

237,907

182,619

1,045,241

1,003,803

CREDITORS

Amounts falling due within one year

7

1,005,462

935,335

NET CURRENT ASSETS

39,779

68,468

TOTAL ASSETS LESS CURRENT LIABILITIES

74,232

108,642

PROVISIONS FOR LIABILITIES

9,130

10,646

NET ASSETS

65,102

97,996

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

64,102

96,996

65,102

97,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 9 October 2025 and were signed on its behalf by:

Mr J G Dunlop - Director

Mr J J B Dunlop - Director

1.	STATUTORY INFORMATION

Bishopton Company 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

-

15% on reducing balance

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.

Going concern

The accounts are prepared on a going concern basis following consideration of the expectations and intentions for business for the next twelve months and the availability of working capital.

The directors have confirmed that the loan between the company and M & J G Dunlop, a separate business in which the directors are partners, will not be redeemed should it compromise the going concern basis of accounting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

54,190

Additions

360

At 31 March 2025

54,550

DEPRECIATION

At 1 April 2024

14,016

Charge for year

6,081

At 31 March 2025

20,097

NET BOOK VALUE

At 31 March 2025

34,453

At 31 March 2024

40,174

5.

STOCKS

31/3/25

31/3/24

£

£

Stocks

807,334

821,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

177,722

151,645

Tarff Valley Limited

17,670

17,073

Other debtors

-

4,500

VAT

42,515

9,401

237,907

182,619

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

485,926

422,089

Trade creditors

106,695

90,255

Tax

307

14,281

Social security and other taxes

7,393

4,732

Other creditors

307,843

401,923

Craigraploch

95,038

-

Accrued expenses

2,260

2,055

1,005,462

935,335

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank overdrafts

485,926

422,089

9.	RELATED PARTY DISCLOSURES

The directors are also partners in M & J G Dunlop. At the balance sheet date, the company owed the partnership £307,823 (2024 - £401,923) which is reflected in other creditors. The loan is unsecured, interest free and repayable on demand.