Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 No description of principal activity 5 2024-04-01 false 5 true true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC165935 2024-04-01 2025-03-31 SC165935 2023-04-01 2024-03-31 SC165935 2025-03-31 SC165935 2024-03-31 SC165935 c:Director1 2024-04-01 2025-03-31 SC165935 c:Director2 2024-04-01 2025-03-31 SC165935 c:Director3 2024-04-01 2025-03-31 SC165935 c:RegisteredOffice 2024-04-01 2025-03-31 SC165935 d:Buildings 2024-04-01 2025-03-31 SC165935 d:Buildings 2025-03-31 SC165935 d:Buildings 2024-03-31 SC165935 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC165935 d:PlantMachinery 2024-04-01 2025-03-31 SC165935 d:PlantMachinery 2025-03-31 SC165935 d:PlantMachinery 2024-03-31 SC165935 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC165935 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC165935 d:CurrentFinancialInstruments 2025-03-31 SC165935 d:CurrentFinancialInstruments 2024-03-31 SC165935 d:Non-currentFinancialInstruments 2025-03-31 SC165935 d:Non-currentFinancialInstruments 2024-03-31 SC165935 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC165935 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC165935 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC165935 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC165935 d:ShareCapital 2025-03-31 SC165935 d:ShareCapital 2024-03-31 SC165935 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC165935 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC165935 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC165935 c:OrdinaryShareClass1 2025-03-31 SC165935 c:OrdinaryShareClass1 2024-03-31 SC165935 c:FRS102 2024-04-01 2025-03-31 SC165935 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC165935 c:FullAccounts 2024-04-01 2025-03-31 SC165935 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC165935 6 2024-04-01 2025-03-31 SC165935 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC165935 BRUCE FARMS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BRUCE FARMS LIMITED COMPANY INFORMATION
Directors | Roderic George Bruce
| Gregor Duncan Bruce
| Alison Mary Bruce
Registered number | SC165935
Registered office | Logierieve
| Udny
| AB41 6PT
Accountants | EQ Accountants Limited
| Chartered Accountants
| Westby
| 64 West High Street
| Forfar
| Angus
| DD8 1BJ
BRUCE FARMS LIMITED REGISTERED NUMBER: SC165935 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 594,514 |  | 467,130
Investments | 5 |  | 138 |  | 138
|  |  | 594,652 |  | 467,268
CURRENT ASSETS |  |  |  |  |
Stocks |  | 309,494 |  | 257,665 |
Debtors: amounts falling due within one year | 6 | 2,190,862 |  | 1,990,731 |
Cash at bank and in hand |  | 759,225 |  | 617,015 |
|  | 3,259,581 |  | 2,865,411 |
Creditors: amounts falling due within one year | 7 | (274,386) |  | (293,812) |
NET CURRENT ASSETS |  |  | 2,985,195 |  | 2,571,599
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,579,847 |  | 3,038,867
Creditors: amounts falling due after more than one year |  |  | (10,087) |  | -
NET ASSETS |  |  | 3,569,760 |  | 3,038,867
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 3,569,660 |  | 3,038,767
|  |  | 3,569,760 |  | 3,038,867
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BRUCE FARMS LIMITED REGISTERED NUMBER: SC165935 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2025.
Roderic George Bruce | Gregor Duncan Bruce
Director | Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
BRUCE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Bruce Farms Limited is a private company, limited by shares incorporated in Scotland with registration number SC165935. The registered office is Logierieve, Udny, Ellon, Aberdeenshire, AB41 6PT. The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | REVENUE
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | TAXATION
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Page 3
BRUCE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. Depreciation is provided on the following basis:
|  |  |  | Heritable property | - | 4% | straight line
|  |  |  | Plant and machinery | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | VALUATION OF INVESTMENTS
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.6 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.7 | FINANCIAL INSTRUMENTS
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Statement of financial position 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. Page 4
BRUCE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | EMPLOYEES
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 5 | 5
4. | TANGIBLE FIXED ASSETS
|  | Heritable property | Plant and machinery | Total
|  | £ | £ | £
| COST OR VALUATION |  |  |
| At 1 April 2024 | 158,487 | 1,245,616 | 1,404,103
| Additions | 102,800 | 125,714 | 228,514
| At 31 March 2025 | 261,287 | 1,371,330 | 1,632,617
| DEPRECIATION |  |  |
| At 1 April 2024 | 19,027 | 917,946 | 936,973
| Charge for the year on owned assets | 10,451 | 90,679 | 101,130
| At 31 March 2025 | 29,478 | 1,008,625 | 1,038,103
| NET BOOK VALUE |  |  |
| At 31 March 2025 | 231,809 | 362,705 | 594,514
| At 31 March 2024 | 139,460 | 327,670 | 467,130
5. | FIXED ASSET INVESTMENTS
|  | Unlisted investments
|  | £
| COST OR VALUATION |
| At 1 April 2024 | 138
| At 31 March 2025 | 138
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BRUCE FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 73,532 | 31,355
| Other debtors | 2,117,107 | 1,881,183
| Prepayments and accrued income | 223 | 78,193
|  | 2,190,862 | 1,990,731
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,956 | 30,000
| Trade creditors | 53,483 | 116,451
| Other creditors | 207,447 | 147,361
| Accruals and deferred income | 3,500 | -
|  | 274,386 | 293,812
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 10,087 | -
|  | 10,087 | -
9. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
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