Company Registration No. SC327352 (Scotland)
John Pollock & Sons Limited
Unaudited Accounts
for the year ended 31 March 2025
John Pollock & Sons Limited
Unaudited Accounts
Contents
John Pollock & Sons Limited
Company Information
for the year ended 31 March 2025
Directors
Mr A Pollock
Mr R A P Pollock
Mr W Pollock
Company Number
SC327352 (Scotland)
Registered Office
Bonnyhill Farm
BONNYBRIDGE
Stirlingshire
FK4 2EP
Scotland
Accountants
Hugh Ferguson & Co. Ltd.
22 West Main Street
DARVEL
Ayrshire
KA17 0AQ
John Pollock & Sons Limited
Statement of financial position
as at 31 March 2025
Tangible assets
590,449
728,632
Inventories
734,758
716,020
Cash at bank and in hand
636,194
776,781
Creditors: amounts falling due within one year
(362,588)
(628,805)
Net current assets
1,196,777
1,162,754
Total assets less current liabilities
1,787,226
1,891,386
Creditors: amounts falling due after more than one year
(30,364)
(60,728)
Provisions for liabilities
Deferred tax
(144,771)
(191,876)
Net assets
1,612,091
1,638,782
Called up share capital
3,000
3,000
Profit and loss account
1,609,091
1,635,782
Shareholders' funds
1,612,091
1,638,782
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Mr R A P Pollock
Director
Company Registration No. SC327352
John Pollock & Sons Limited
Notes to the Accounts
for the year ended 31 March 2025
John Pollock & Sons Limited is a private company, limited by shares, registered in Scotland, registration number SC327352. The registered office is Bonnyhill Farm, BONNYBRIDGE, Stirlingshire, FK4 2EP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on reducing balance
Plant & machinery
20% on reducing balane
Motor vehicles
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, with the exception of the dairy herd. The cattle included in the dairy herd are included at their historical herd cost in accordance with the herd basis rules.
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 accounts. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
John Pollock & Sons Limited
Notes to the Accounts
for the year ended 31 March 2025
Hire purchase and leasing assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
67,515
2,590,255
174,747
2,832,517
Disposals
-
(3,445)
-
(3,445)
At 31 March 2025
67,515
2,595,810
174,747
2,838,072
At 1 April 2024
54,888
1,895,557
153,440
2,103,885
Charge for the year
1,263
140,401
5,327
146,991
On disposals
-
(3,253)
-
(3,253)
At 31 March 2025
56,151
2,032,705
158,767
2,247,623
At 31 March 2025
11,364
563,105
15,980
590,449
At 31 March 2024
12,627
694,698
21,307
728,632
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
109,760
151,128
Amounts falling due within one year
Trade debtors
95,046
122,426
Accrued income and prepayments
29,672
34,445
Other debtors
63,695
141,887
John Pollock & Sons Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
30,364
34,762
Trade creditors
155,739
132,333
Taxes and social security
73,189
21,520
Loans from directors
35,758
337,896
Amounts owed under hire purchase contracts are secured over the assets acquired under those hire purchase contracts.
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
30,364
60,728
Amounts owed under hire purchase contracts are secured over the assets acquired under those hire purchase contracts.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan is unsecured, interest is charged on overdrawn balance at the official rate of interest.
47,371
23,646
50,596
20,421
The loan is unsecured, interest is charged on overdrawn balance at the official rate of interest.
(298,875)
356,081
52,884
4,322
(251,504)
379,727
103,480
24,743
Mr A Pollock is a director of the company and he has a beneficial interest in one-third of the company's called up share capital. Mr W Pollock is a director of the company and he has a beneficial interest in one-third of the company's called up share capital.
9
Transactions with related parties
At 1st April 2024 the company owed £298,875 to Mr W Pollock by way of a loan from him. During the period under review the company repaid that entire sum to Mr W Pollock and advanced a further £4,322 to him. The balance owed to the company by Mr W Pollock at 31st March 2025 was £4,322.
At 1st April 2024 the company owed £39,021 to Mr R Pollock by way of a loan from him. During the period under review the company repaid £3,263 to Mr R Pollock. The balance owed by the company to Mr R Pollock at 31st March 2025 was £35,758.
Loans to the company are unsecured, interest free and repayable on demand.
Mr W Pollock and Mr R Pollock are directors of the company and they each have a beneficial interest in one-third of the company's called up share capital.
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Average number of employees
During the year the average number of employees was 10 (2024: 10).