Company No: SC034556 (Scotland)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Kenneth Trainer
	Duncan Trainer
	William Trainer

REGISTERED OFFICE	Brownrigg
	Farm
	North Berwick
	EH39 5JW
	United Kingdom

COMPANY NUMBER

SC034556 (Scotland)

ACCOUNTANT	Dains
	Ellersley House
	30 Miller Road
	Ayr
	KA7 2AY

BANKERS	The Royal Bank of Scotland
	Glasgow Govan Branch
	788 Govan Road
	Glasgow
	G51 2YL

SOLICITORS	Turcan Connell
	Princes Exchange
	1 Earl Gray St
	Edinburgh
	EH3 9EE

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	195,582		248,892
		195,582		248,892
Current assets
Stocks	4	67,787		52,802
Debtors	5	3,598,161		2,782,778
Cash at bank and in hand	6	46,042		50,682
		3,711,990		2,886,262
Creditors: amounts falling due within one year	7	( 478,486)		( 426,431)
Net current assets		3,233,504		2,459,831
Total assets less current liabilities		3,429,086		2,708,723
Provision for liabilities		( 43,751)		( 56,677)
Net assets		3,385,335		2,652,046
Capital and reserves
Called-up share capital	8	3,000		3,000
Revaluation reserve		3,780		3,780
Capital redemption reserve		3,000		3,000
Profit and loss account		3,375,555		2,642,266
Total shareholder's funds		3,385,335		2,652,046

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 Superfry Potatoes Ltd (registered number: SC034556) were approved and authorised for issue by the Board of Directors on 18 December 2025. They were signed on its behalf by:

Kenneth William Capie Trainer Director		Duncan Trainer Director
William Trainer 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

Superfry Potatoes 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 Brownrigg, Farm, North Berwick, EH39 5JW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

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.

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:

Land and buildings	50 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.

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.

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.

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	3		4

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	48,854		510,750		559,604
At 31 March 2025	48,854		510,750		559,604
Accumulated depreciation
At 01 April 2024	30,171		280,541		310,712
Charge for the financial year	977		52,333		53,310
At 31 March 2025	31,148		332,874		364,022
Net book value
At 31 March 2025	17,706		177,876		195,582
At 31 March 2024	18,683		230,209		248,892

4. Stocks

	2025		2024
	£		£
Stocks	67,787		52,802

5. Debtors

	2025		2024
	£		£
Trade debtors	384,703		448,279
Other debtors	3,213,458		2,334,499
	3,598,161		2,782,778

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	46,042		50,682

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	129,393		82,213
Taxation and social security	261,007		309,859
Other creditors	88,086		34,359
	478,486		426,431

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3,000 Ordinary shares of £ 1.00 each	3,000		3,000

9. Related party transactions

Other related party transactions

The company is related to other entities by virtue of common control. At the year end date, the company was owed £3,200,000 (2024 - £2,326,500) by way of intercompany loans. These loans are repayable on demand and do not bear interest.