REGISTERED NUMBER: SC335927 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAITH FRUIT & FLOWERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Brady

H E Brady

A C Brady

K A Brady

REGISTERED OFFICE:

Unit 2-4

Myregormie Place

Mitchelston Industrial Estate

Kirkcaldy

Fife

KY1 3NA

REGISTERED NUMBER:

SC335927 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Intangible assets

4

10,035

11,330

Tangible assets

5

166,600

143,097

176,635

154,427

CURRENT ASSETS

Stocks

19,307

19,850

Debtors

6

284,421

245,320

Cash at bank and in hand

32,577

14,113

336,305

279,283

CREDITORS

Amounts falling due within one year

7

(469,057

)

(390,436

)

NET CURRENT LIABILITIES

(132,752

)

(111,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,883

43,274

CREDITORS

Amounts falling due after more than one year

8

(216,063

)

(207,958

)

NET LIABILITIES

(172,180

)

(164,684

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(172,183

)

(164,687

)

(172,180

)

(164,684

)

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A C Brady - Director

1.	STATUTORY INFORMATION

Raith Fruit & Flowers 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

At 31 March 2025 the company had net current liabilities of £132,752 (2024 - £111,153). The company is dependent upon the continuing financial support of the directors. The directors consider it appropriate to prepare the financial statements on the going concern basis as they expect that this support will continue for the foreseeable future.

TURNOVER

Turnover represents the value of the sale of fruit and vegetables provided during the year excluding VAT.

GOODWILL

Goodwill was the amount paid in connection with the acquisition of the business in 2008. It has been amortised evenly over it's 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.

Website App is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Heritable property

-

2% per annum on cost

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

33% per annum on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and 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 comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

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 35 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

App

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

75,000

12,950

87,950

AMORTISATION

At 1 April 2024

75,000

1,620

76,620

Amortisation for year

-

1,295

1,295

At 31 March 2025

75,000

2,915

77,915

NET BOOK VALUE

At 31 March 2025

-

10,035

10,035

At 31 March 2024

-

11,330

11,330

5.	TANGIBLE FIXED ASSETS

Fixtures

Heritable

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

58,020

63,002

164,725

6,586

292,333

Additions

-

1,587

49,024

1,478

52,089

Disposals

-

-

(43,012

)

(579

)

(43,591

)

At 31 March 2025

58,020

64,589

170,737

7,485

300,831

DEPRECIATION

At 1 April 2024

5,802

42,280

97,001

4,153

149,236

Charge for year

1,160

2,159

6,467

1,374

11,160

Eliminated on disposal

-

-

(26,165

)

-

(26,165

)

At 31 March 2025

6,962

44,439

77,303

5,527

134,231

NET BOOK VALUE

At 31 March 2025

51,058

20,150

93,434

1,958

166,600

At 31 March 2024

52,218

20,722

67,724

2,433

143,097

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

270,585

234,298

VAT

8,937

6,123

Prepayments

4,899

4,899

284,421

245,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,121

8,851

Hire purchase contracts

6,859

-

Trade creditors

342,870

243,833

Taxation and social security

6,463

5,806

Other creditors

103,744

131,946

469,057

390,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

38,985

48,239

Hire purchase contracts

17,359

-

Other creditors

159,719

159,719

216,063

207,958

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than five years and repayable by instalments

7,179

18,240

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

18,072

21,260

The lender hold fixed and floating charges over the assets of the company.

10.	RELATED PARTY DISCLOSURES

Included within 'Other creditors' due within one year and after one year is directors loans totalling £86,757 (2024 - £112,553) and £159,719 (2024 - £159,719) respectively. The loans are interest free.