Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Catriona Elizabeth Dent 13/03/2024 Robert Stewart Drysdale 13/03/2024 Sir Archibald Grant 04/04/2018 18 November 2025 The principal activity of the Company during the financial year continued to be that of farm contracting. SC593236 2025-03-31 SC593236 bus:Director1 2025-03-31 SC593236 bus:Director2 2025-03-31 SC593236 bus:Director3 2025-03-31 SC593236 2024-03-31 SC593236 core:CurrentFinancialInstruments 2025-03-31 SC593236 core:CurrentFinancialInstruments 2024-03-31 SC593236 core:Non-currentFinancialInstruments 2025-03-31 SC593236 core:Non-currentFinancialInstruments 2024-03-31 SC593236 core:ShareCapital 2025-03-31 SC593236 core:ShareCapital 2024-03-31 SC593236 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC593236 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC593236 core:OtherPropertyPlantEquipment 2024-03-31 SC593236 core:OtherPropertyPlantEquipment 2025-03-31 SC593236 core:ImmediateParent core:CurrentFinancialInstruments 2025-03-31 SC593236 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 SC593236 bus:OrdinaryShareClass1 2025-03-31 SC593236 2024-04-01 2025-03-31 SC593236 bus:FilletedAccounts 2024-04-01 2025-03-31 SC593236 bus:SmallEntities 2024-04-01 2025-03-31 SC593236 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC593236 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC593236 bus:Director1 2024-04-01 2025-03-31 SC593236 bus:Director2 2024-04-01 2025-03-31 SC593236 bus:Director3 2024-04-01 2025-03-31 SC593236 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-04-01 2025-03-31 SC593236 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-04-01 2025-03-31 SC593236 2023-04-01 2024-03-31 SC593236 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC593236 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC593236 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC593236 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC593236 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC593236 (Scotland)

# ABERDEENSHIRE FARM CONTRACTING LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

ABERDEENSHIRE FARM CONTRACTING LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

ABERDEENSHIRE FARM CONTRACTING LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
ABERDEENSHIRE FARM CONTRACTING LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,864,377 |  | 1,811,479
|  | 1,864,377 |  | 1,811,479
Current assets |  |  |  |
Stocks |  | 9,250 |  | 8,030
Debtors | 4 | 554,125 |  | 386,898
Cash at bank and in hand |  | 83,372 |  | 177,502
|  | 646,747 |  | 572,430
Creditors: amounts falling due within one year | 5 | ( 737,690) |  | ( 688,204)
Net current liabilities |  | (90,943) |  | (115,774)
Total assets less current liabilities |  | 1,773,434 |  | 1,695,705
Creditors: amounts falling due after more than one year | 6 | ( 419,244) |  | ( 545,464)
Provision for liabilities |  | ( 307,526) |  | ( 256,339)
Net assets |  | 1,046,664 |  | 893,902
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Profit and loss account |  | 1,046,663 |  | 893,901
Total shareholder's funds |  | 1,046,664 |  | 893,902

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.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; 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 Aberdeenshire Farm Contracting Limited (registered number: SC593236) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

Sir Archibald Grant Director |

ABERDEENSHIRE FARM CONTRACTING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
ABERDEENSHIRE FARM CONTRACTING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 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

Aberdeenshire Farm Contracting Limited (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 Brodies House, 31-33 Union Grove, Aberdeen, AB10 6SD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £90,943 (2024: £115,774). The Company is supported through loans from the directors. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements.
Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 (usually on dispatch of goods) or as the services are performed.

##### 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.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

##### 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, other than investment property and freehold land, 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:

Plant and machinery etc. | 10 - 25 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
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
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.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### 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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, 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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 7

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 2,394,009 |  | 2,394,009
Additions | 369,963 |  | 369,963
Disposals | ( 110,338) |  | ( 110,338)
At 31 March 2025 | 2,653,634 |  | 2,653,634
Accumulated depreciation |  |  |
At 01 April 2024 | 582,530 |  | 582,530
Charge for the financial year | 247,306 |  | 247,306
Disposals | ( 40,579) |  | ( 40,579)
At 31 March 2025 | 789,257 |  | 789,257
Net book value |  |  |
At 31 March 2025 | 1,864,377 |  | 1,864,377
At 31 March 2024 | 1,811,479 |  | 1,811,479

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 41,712 |  | 6,760
Other debtors | 512,413 |  | 380,138
| 554,125 |  | 386,898

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 56,387 |  | 25,755
Amounts owed to Parent undertakings | 347,408 |  | 348,998
Other taxation and social security | 39,062 |  | 40,139
Obligations under finance leases and hire purchase contracts (secured) | 271,590 |  | 256,694
Other creditors | 23,243 |  | 16,618
| 737,690 |  | 688,204

There are amounts due under finance leases of £271,590 (2024: £256,694) which are secured on the assets to which they relate.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 419,244 |  | 545,464

Included in the obligations under finance leases are amounts due of £419,244 (2024: £545,464) which are secured on the assets to which they relate.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Tangible fixed assets | 63,750 |  | 257,200