Company No: SC473341 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	27,049		30,333
Tangible assets	4	137,682		163,969
		164,731		194,302
Current assets
Stocks	5	80,460		80,731
Debtors	6	70,651		78,948
Cash at bank and in hand	7	85,281		63,944
		236,392		223,623
Creditors: amounts falling due within one year	8	( 47,366)		( 63,925)
Net current assets		189,026		159,698
Total assets less current liabilities		353,757		354,000
Creditors: amounts falling due after more than one year	9	( 197,142)		( 252,019)
Provision for liabilities	10, 11	( 25,459)		( 21,201)
Net assets		131,156		80,780
Capital and reserves
Called-up share capital	12	100		100
Profit and loss account		131,056		80,680
Total shareholders' funds		131,156		80,780

For the financial year ending 31 March 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Little Herb Farm Ltd (registered number: SC473341) were approved and authorised for issue by the Director on 18 November 2025. They were signed on its behalf by:

Mrs L C Anderson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Little Herb Farm Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 2 South Building Unit 2 South Building, Cuparmuir Industrial Estate, Cuparmuir, KY15 5RL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	0 - 10 years straight line
Other intangible assets	0 - 10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	5 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		7

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2024	35,000		0		35,000
Additions	0		220		220
At 31 March 2025	35,000		220		35,220
Accumulated amortisation
At 01 April 2024	4,667		0		4,667
Charge for the financial year	3,500		4		3,504
At 31 March 2025	8,167		4		8,171
Net book value
At 31 March 2025	26,833		216		27,049
At 31 March 2024	30,333		0		30,333

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	46,199		348,054		394,253
Additions	9,843		21,926		31,769
Disposals	0		( 8,623)		( 8,623)
At 31 March 2025	56,042		361,357		417,399
Accumulated depreciation
At 01 April 2024	12,641		217,643		230,284
Charge for the financial year	4,869		47,294		52,163
Disposals	0		( 2,730)		( 2,730)
At 31 March 2025	17,510		262,207		279,717
Net book value
At 31 March 2025	38,532		99,150		137,682
At 31 March 2024	33,558		130,411		163,969

5. Stocks

	2025		2024
	£		£
Raw materials	57,538		62,082
Finished goods	22,922		18,649
	80,460		80,731

6. Debtors

	2025		2024
	£		£
Trade debtors	65,815		56,030
Other debtors	4,836		22,918
	70,651		78,948

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	85,281		63,944

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	21,945		48,813
Taxation and social security	13,457		3,883
Other creditors	11,964		11,229
	47,366		63,925

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

	2025		2024
	£		£
Other creditors	197,142		252,019

10. Provision for liabilities

	2025		2024
	£		£
Deferred tax	25,459		21,201

11. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 21,201)		( 12,653)
Charged to the Profit and Loss Account	( 4,258)		( 8,548)
At the end of financial year	( 25,459)		( 21,201)

12. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
98 A ordinary shares of £ 1.00 each	98		98
2 B ordinary shares of £ 1.00 each	2		2
	100		100

13. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed to director	201,256		256,256

Included within amounts due to directors is £195,606 (2024 - £250,606) classified as due over 1 year. The loan is unsecured and interest free.

Other related party transactions