Afimilk UK Ltd Accounts






Afimilk UK Ltd
Audited accounts
	Company No. SC333487
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was development, manufacturing and marketing of computerised systems for the dairy industry.




Directors

The Directors who served at any time during the year were as follows:

E. Gordon
Y. Sovinsky			(Resigned 13 August 2024)







































Auditors
The auditors, Gordon Levy Limited, will be proposed for appointment in accordance with Section 486 of the Companies Act 2006.




































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E. Gordon
Director
31 December 2025

at	31 December 2024
Company No.		SC333487	Notes	2024	2023
				£	£






Current assets

	Debtors		4	4,316,373	4,050,105

	Cash at bank and in hand			15,928	5,615
				4,332,301	4,055,720
Creditors: Amount falling due within one year			5	(501,119)	(493,290)
Net current assets				3,831,182	3,562,430
Total assets less current liabilities				3,831,182	3,562,430




Net assets				3,831,182	3,562,430

Capital and reserves
	Called up share capital			1,800	1,800

	Revaluation reserve		7	1,448,779	1,448,779

	Profit and loss account		7	2,380,603	2,111,851

Total equity				3,831,182	3,562,430



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2025 and signed on its behalf by:





Director
31 December 2025

for the year ended 31 December 2024

General information

Afimilk UK Ltd is a private company limited by shares and incorporated in Scotland.

The company's registered number is: SC333487

The address of the company's registered office is:

272 Bath Street

Glasgow

Scotland

G2 4JR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.

Going concern

These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.

Accounting policies

Turnover

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	4

4	Debtors
			2024	2023
			£	£

		Amounts owed by group undertakings	4,310,024	4,049,274


		VAT recoverable	4,495	-


		Prepayments and accrued income	1,854	831
			4,316,373	4,050,105

5	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	21,888	1,632
		Amounts owed to group undertakings	413,348	418,798
		Taxes and social security	-	2,019

		Other creditors	1,333	1,656
		Accruals and deferred income	64,550	69,185
			501,119	493,290

Share Capital

Ordinary, allotted and fully paid shares. 1,800 ordinary shares of £1.00. Monetary value of £1,800 (2023: £1,800).

7	Reserves
			Other Reserve	Total other reserves
			£	£
		At 1 January 2023	1,448,779	1,448,779



		At 31 December 2023 and 1 January 2024	1,448,779	1,448,779



		At 31 December 2024	1,448,779	1,448,779

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

The company has taken advantage of the exemption available according with Section 33 of FRS102 "Related party disclosure" not to disclose transactions entered in to between two or more members of a group that are wholly owned.

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Afimilk Agricultural Cooperative Ltd, incorporated in Israel

The parent's registered office address is:

Kibbutz Afikim, 1514800, Israel

Audit of the accounts

The directors have required the company to obtain an audit.

Unqualified

The auditors were: Gordon Levy Limited

The senior statutory auditor was: Gordon Levy, BA, FCA