REGISTERED NUMBER: SC252770 (Scotland)

D. R. Bruce Milk Retailer Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Director:

D R Bruce

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Business address:

56A Bennecourt Drive

Coldstream

Berwickshire

TD12 4BY

Registered number:

SC252770 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

67,993

43,819

Current assets

Debtors

5

24,903

16,743

Cash at bank

20,365

21,630

45,268

38,373

Creditors

Amounts falling due within one year

6

95,549

66,789

Net current liabilities

(50,281

)

(28,416

)

Total assets less current liabilities

17,712

15,403

Creditors

Amounts falling due after more than one year

7

(27,440

)

(2,214

)

Provisions for liabilities

-

(8,503

)

Net (liabilities)/assets

(9,728

)

4,686

Capital and reserves

Called up share capital

100

100

Retained earnings

(9,828

)

4,586

Shareholders' funds

(9,728

)

4,686

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 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th December 2025 and were signed by:

D R Bruce - Director

1.	Statutory information

D. R. Bruce Milk Retailer Limited 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 represents the total invoice value, excluding value added tax of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pensions

The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Going concern

The company has a deficit on the balance sheet. The director is confident that the company can trade out of its current situation. The accounts have therefore been prepared on the going concern basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised on 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 the profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Motor

Equipment

vehicles

Totals

£

£

£

Cost

At 1st April 2024

38,266

69,473

107,739

Additions

-

52,000

52,000

Disposals

-

(17,500

)

(17,500

)

At 31st March 2025

38,266

103,973

142,239

Depreciation

At 1st April 2024

33,040

30,880

63,920

Charge for year

1,044

16,938

17,982

Eliminated on disposal

-

(7,656

)

(7,656

)

At 31st March 2025

34,084

40,162

74,246

Net book value

At 31st March 2025

4,182

63,811

67,993

At 31st March 2024

5,226

38,593

43,819

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

20,127

12,837

Other debtors

4,776

3,906

24,903

16,743

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

10,198

6,149

Trade creditors

3,231

4,686

Taxation and social security

395

505

Other creditors

81,725

55,449

95,549

66,789

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

27,440

2,214

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

37,638

8,363

Hire purchase contracts are secured against the asset in which they relate.

9.	Other financial commitments

At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £6,930 (2024 - £7,949).