REGISTERED NUMBER: SC299016 (Scotland)

ABERCORN DAIRIES LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Naismith

J Fraser

SECRETARY:

G Naismith

REGISTERED OFFICE:

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

BUSINESS ADDRESS:

Unit 22

Abercorn Street

Paisley

Renfrewshire

PA3 4AY

REGISTERED NUMBER:

SC299016 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

BANKERS:

Bank of Scotland

The Cross

Paisley

PA1 1DB

FIXED ASSETS

Intangible assets

4

16,722

19,138

Tangible assets

5

73,137

70,709

89,859

89,847

CURRENT ASSETS

Stocks

8,350

7,370

Debtors

6

44,229

57,988

Cash at bank and in hand

76,631

73,056

129,210

138,414

CREDITORS

Amounts falling due within one year

7

117,919

125,297

NET CURRENT ASSETS

11,291

13,117

TOTAL ASSETS LESS CURRENT LIABILITIES

101,150

102,964

CREDITORS

Amounts falling due after more than one year

8

(32,253

)

(33,584

)

PROVISIONS FOR LIABILITIES

(10,802

)

(10,802

)

NET ASSETS

58,095

58,578

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

58,093

58,576

SHAREHOLDERS' FUNDS

58,095

58,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4th December 2025 and were signed on its behalf by:

G Naismith - Director

J Fraser - Director

1.	STATUTORY INFORMATION

Abercorn Dairies 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses from third parties, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 15% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

148,788

AMORTISATION

At 1st April 2024

129,650

Charge for year

2,416

At 31st March 2025

132,066

NET BOOK VALUE

At 31st March 2025

16,722

At 31st March 2024

19,138

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

256,000

Additions

20,000

Disposals

(13,995

)

At 31st March 2025

262,005

DEPRECIATION

At 1st April 2024

185,291

Charge for year

16,521

Eliminated on disposal

(12,944

)

At 31st March 2025

188,868

NET BOOK VALUE

At 31st March 2025

73,137

At 31st March 2024

70,709

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

49,393

Additions

20,000

At 31st March 2025

69,393

DEPRECIATION

At 1st April 2024

7,834

Charge for year

10,543

At 31st March 2025

18,377

NET BOOK VALUE

At 31st March 2025

51,016

At 31st March 2024

41,559

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,552

52,091

Other debtors

4,677

5,897

44,229

57,988

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,778

6,000

Hire purchase contracts

20,819

13,293

Trade creditors

61,933

82,101

Taxation and social security

7,713

8,048

Other creditors

16,676

15,855

117,919

125,297

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

12,222

7,000

Hire purchase contracts

20,031

26,584

32,253

33,584

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are G Naismith and J Fraser.