REGISTERED NUMBER: SC588396 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAIRY FARMING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J Leitch

SECRETARY:

REGISTERED OFFICE:

Braehead Farm

Treeswoodhead Road

KILMARNOCK

Ayrshire

KA1 5LN

REGISTERED NUMBER:

SC588396 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Tangible assets

4

1,453,318

1,440,820

Investments

5

1,500

-

1,454,818

1,440,820

CURRENT ASSETS

Stocks

547,808

486,542

Debtors

6

151,235

95,843

Cash at bank

8,072

28,282

707,115

610,667

CREDITORS

Amounts falling due within one year

7

1,989,174

2,161,380

NET CURRENT LIABILITIES

(1,282,059

)

(1,550,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,759

(109,893

)

CREDITORS

Amounts falling due after more than one year

8

357,351

180,783

NET LIABILITIES

(184,592

)

(290,676

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(184,602

)

(290,686

)

SHAREHOLDERS' FUNDS

(184,592

)

(290,676

)

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 director acknowledges his 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 director and authorised for issue on 1 November 2025 and were signed by:

G J Leitch - Director

1.	STATUTORY INFORMATION

Dairy Farming Ltd 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 etc

-

25% on reducing balance and 20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,261,182

482,851

1,744,033

Additions

-

65,207

65,207

Disposals

-

(11,000

)

(11,000

)

At 31 March 2025

1,261,182

537,058

1,798,240

DEPRECIATION

At 1 April 2024

-

303,213

303,213

Charge for year

-

43,909

43,909

Eliminated on disposal

-

(2,200

)

(2,200

)

At 31 March 2025

-

344,922

344,922

NET BOOK VALUE

At 31 March 2025

1,261,182

192,136

1,453,318

At 31 March 2024

1,261,182

179,638

1,440,820

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1,500

At 31 March 2025

1,500

NET BOOK VALUE

At 31 March 2025

1,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,340

86,296

Other debtors

34,895

9,547

151,235

95,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

88,679

116,083

Trade creditors

408,986

400,797

Other creditors

1,491,509

1,644,500

1,989,174

2,161,380

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

176,151

180,783

Other creditors

181,200

-

357,351

180,783