Speyside Harvesting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC246008

Speyside Harvesting Limited

Filleted Unaudited Financial Statements

30 April 2025

Speyside Harvesting Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		4,668,745	4,812,295

Current assets

Stocks		276,013	284,884
Debtors	6	596,859	21,439
Investments	7	49,171	49,171
Cash at bank and in hand		1,711,546	1,213,707
		------------	------------
		2,633,589	1,569,201

Creditors: amounts falling due within one year	8	619,072		606,264
		------------		------------
Net current assets			2,014,517	962,937
			------------	------------
Total assets less current liabilities			6,683,262	5,775,232

Creditors: amounts falling due after more than one year	9		372,944	551,207

Provisions

Taxation including deferred tax	943,087	655,115
	------------	------------
Net assets	5,367,231	4,568,910
	------------	------------

Capital and reserves

Called up share capital	20,000	20,000
Share premium account	222,930	222,930
Profit and loss account	5,124,301	4,325,980
	------------	------------
Shareholders funds	5,367,231	4,568,910
	------------	------------

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.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Speyside Harvesting Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:

Mr S Thomson
Director

Company registration number: SC246008

Speyside Harvesting Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Tommridh, Cowie Avenue, Dufftown, AB55 4EH.

2. Statement of compliance

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of 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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Property improvements	-	10% straight line
Shed	-	10% straight line
Plant and machinery	-	17% reducing balance
Motor vehicles	-	25% reducing balance

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 14 ).

5. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	568,871	30,181	5,883,516	833,276	7,315,844
Additions	11,808	–	1,399,787	123,205	1,534,800
Disposals	–	–	( 864,704)	( 333,946)	( 1,198,650)
	---------	--------	------------	---------	------------
At 30 April 2025	580,679	30,181	6,418,599	622,535	7,651,994
	---------	--------	------------	---------	------------
Depreciation
At 1 May 2024	88,048	24,125	1,952,008	439,368	2,503,549
Charge for the year	30,328	1,136	829,995	96,254	957,713
Disposals	–	–	( 276,164)	( 201,849)	( 478,013)
	---------	--------	------------	---------	------------
At 30 April 2025	118,376	25,261	2,505,839	333,773	2,983,249
	---------	--------	------------	---------	------------
Carrying amount
At 30 April 2025	462,303	4,920	3,912,760	288,762	4,668,745
	---------	--------	------------	---------	------------
At 30 April 2024	480,823	6,056	3,931,508	393,908	4,812,295
	---------	--------	------------	---------	------------

Heritable property includes land at a cost of £431,005 on which no depreciation is provided.

6. Debtors

	2025	2024
	£	£
Trade debtors	593,803	1,620
Other debtors	3,056	19,819
	---------	--------
	596,859	21,439
	---------	--------

7. Investments

	2025	2024
	£	£
Other investments	49,171	49,171
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	88,256	84,820
Corporation tax	7,451	5,036
Social security and other taxes	70,046	20,791
Obligations under finance leases and hire purchase contracts	448,088	489,512
Accruals	5,231	6,105
	---------	---------
	619,072	606,264
	---------	---------

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

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	372,944	551,207
	---------	---------