REGISTERED NUMBER: SC252339 (Scotland)

Kelso Wholefoods Limited

Unaudited Financial Statements

for the Year Ended 31st July 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

Mrs P M Dagg

Mrs C A Oliver

Mrs I J Ford

Secretary:

Mrs C A Oliver

Registered office:

54 Woodmarket

Kelso

Roxburghshire

TD5 7AX

Registered number:

SC252339 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

4,087

4,612

Current assets

Stocks

15,163

13,625

Debtors

5

456

446

Cash at bank and in hand

14,799

10,328

30,418

24,399

Creditors

Amounts falling due within one year

6

8,105

8,630

Net current assets

22,313

15,769

Total assets less current liabilities

26,400

20,381

Provisions for liabilities

716

796

Net assets

25,684

19,585

Capital and reserves

Called up share capital

100

100

Retained earnings

25,584

19,485

Shareholders' funds

25,684

19,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 18th December 2025 and were signed on its behalf by:

Mrs P M Dagg - Director

Mrs C A Oliver - Director

1.	Statutory information

Kelso Wholefoods 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.

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

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

Equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand) trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 Income and Retained Earnings.

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.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Tangible fixed assets

Fixtures

and

Office

Equipment

fittings

equipment

Totals

£

£

£

£

Cost

At 1st August 2024

and 31st July 2025

3,931

17,868

424

22,223

Depreciation

At 1st August 2024

3,174

14,437

-

17,611

Charge for year

76

343

106

525

At 31st July 2025

3,250

14,780

106

18,136

Net book value

At 31st July 2025

681

3,088

318

4,087

At 31st July 2024

757

3,431

424

4,612

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

456

446

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,829

3,429

Taxation and social security

1,880

1,676

Other creditors

3,396

3,525

8,105

8,630

7.	Post balance sheet events

Since the year end, on 5th December 2025, a final dividend for the year ended 31st July 2025 of £14.7059 per share has been declared.