REGISTERED NUMBER: SC379476 (Scotland)

WHITESHORE COCKLES LTD

Financial Statements for the Year Ended 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M C Macdonald

F E Macdonald

A A Macdonald

SECRETARY:

R G Thompson

REGISTERED OFFICE:

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC379476 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

5

5,075,146

4,720,387

CURRENT ASSETS

Debtors

6

264,364

478,985

CREDITORS

Amounts falling due within one year

7

841,820

514,354

NET CURRENT LIABILITIES

(577,456

)

(35,369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,497,690

4,685,018

CREDITORS

Amounts falling due after more than one year

8

(2,025,670

)

(2,122,981

)

PROVISIONS FOR LIABILITIES

(27,624

)

(27,624

)

ACCRUALS AND DEFERRED INCOME

(635,608

)

(635,608

)

NET ASSETS

1,808,788

1,898,805

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,808,588

1,898,605

SHAREHOLDERS' FUNDS

1,808,788

1,898,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

A A Macdonald - Director

1.	STATUTORY INFORMATION

Whiteshore Cockles 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The accounts are rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Significant judgements and estimates affect the net book value of the fixed assets and the carrying value of the deferred government grants in the Balance Sheet and the depreciation charges and amortisation of the deferred governments grants in the profit and loss account.

The Directors are required to judge the estimated useful economic life of assets and to estimate the likely residual value of assets in order that an annual depreciation charge can be reflected in the accounts for the fixed assets. These depreciation rates also affect the release of the deferred government grant income received which is released at the same rate as the assets to which the grant relates are depreciated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

-

5% depreciation on cost

Plant and machinery

-

25% depreciation on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Government grants

Government Grants received in respect of Capital Expenditure are credited to a Deferred Income Account and are released to the Profit and Loss Account over the expected average age of the relevant assets by equal instalments. Grants of a revenue nature are credited to income so as to match the expenditure to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

4,353,542

819,977

201,669

2,451

5,377,639

Additions

420,617

5,593

42,477

3,487

472,174

Disposals

-

-

(28,128

)

-

(28,128

)

At 30 June 2025

4,774,159

825,570

216,018

5,938

5,821,685

DEPRECIATION

At 1 July 2024

15,134

564,070

77,208

840

657,252

Charge for year

1,136

65,375

38,953

826

106,290

Eliminated on disposal

-

-

(17,003

)

-

(17,003

)

At 30 June 2025

16,270

629,445

99,158

1,666

746,539

NET BOOK VALUE

At 30 June 2025

4,757,889

196,125

116,860

4,272

5,075,146

At 30 June 2024

4,338,408

255,907

124,461

1,611

4,720,387

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

79,110

350,282

Amounts owed by associates

165,987

100,987

Other debtors

19,267

27,716

264,364

478,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

162,719

68,006

Hire purchase contracts

-

78,109

Trade creditors

362,019

174,194

Amounts owed to associates

261,345

85,635

Taxation and social security

(1,387

)

7,286

Other creditors

57,124

101,124

841,820

514,354

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

1,816,222

1,750,043

Hire purchase contracts

76,166

54,720

Other creditors

133,282

318,218

2,025,670

2,122,981

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,816,222

1,750,043

Other loans more 5yrs instal

133,282

318,218

1,949,504

2,068,261

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loans

1,816,222

1,750,043

Clydesdale Bank PLC hold a floating charge over the whole of the property, assets and rights (including unbilled capital) which are or may from time to time while this charge is in force be comprised in the property and undertaking of the Company.