Slate Island Foods Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC690498

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		163,951		172,328

			163,951		172,328
CURRENT ASSETS
Stocks	5	821		821
Debtors	6	-		223
Cash at bank and in hand		537		2,220

		1,358		3,264
Creditors: Amounts Falling Due Within One Year	7	(237,335 )		(227,774 )

NET CURRENT ASSETS (LIABILITIES)			(235,977 )		(224,510 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(72,026 )		(52,182 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(1,502 )

NET LIABILITIES			(72,026 )		(53,684 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(72,126 )		(53,784 )

SHAREHOLDERS' FUNDS			(72,026)		(53,684)

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Slate Island Foods Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J K Leipert

Director

12/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Slate Island Foods Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC690498 . The registered office is The Cooper Building, 505 Great Western Road, Glasgow, Glasgow, G12 8HN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	NIL
Leasehold	NIL
Plant & Machinery	10% SL & 25% RB
Motor Vehicles	25% SL
Fixtures & Fittings	25% RB
Computer Equipment	25% SL

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

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Slate Island Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	143,496	2,040	12,395	24,598

As at 31 March 2025	143,496	2,040	12,395	24,598

Depreciation
As at 1 April 2024	-	-	3,298	13,836
Provided during the period	-	-	485	6,150

As at 31 March 2025	-	-	3,783	19,986

Net Book Value
As at 31 March 2025	143,496	2,040	8,612	4,612

As at 1 April 2024	143,496	2,040	9,097	10,762


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	8,720	345	191,594

As at 31 March 2025	8,720	345	191,594

Depreciation
As at 1 April 2024	2,096	36	19,266
Provided during the period	1,656	86	8,377

As at 31 March 2025	3,752	122	27,643

Net Book Value
As at 31 March 2025	4,968	223	163,951

As at 1 April 2024	6,624	309	172,328

5. Stocks

	2025	2024
	£	£
Stock	821	821

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	223

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Slate Island Foods Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,502	2,253
Bank loans and overdrafts	3,246	462
Other creditors	228,478	225,059
Taxation and social security	4,109	-

	237,335	227,774

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,502

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,502	2,253
Later than one year and not later than five years	-	1,502

	1,502	3,755

	1,502	3,755

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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