REGISTERED NUMBER: SC226184 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

DEVINE QUALITY FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Devine Snr

J Devine Jnr

A Devine

REGISTERED OFFICE:

357 Orbiston Street

Motherwell

ML1 1QW

REGISTERED NUMBER:

SC226184 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

BANKERS:

TSB

61 Merry Street

Motherwell

ML1 1JS

FIXED ASSETS

Tangible assets

4

464,247

489,967

CURRENT ASSETS

Stocks

242,813

260,958

Debtors

5

147,106

142,504

Cash at bank

327,118

472,821

717,037

876,283

CREDITORS

Amounts falling due within one year

6

210,072

318,061

NET CURRENT ASSETS

506,965

558,222

TOTAL ASSETS LESS CURRENT LIABILITIES

971,212

1,048,189

PROVISIONS FOR LIABILITIES

31,150

27,698

NET ASSETS

940,062

1,020,491

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

939,962

1,020,391

SHAREHOLDERS' FUNDS

940,062

1,020,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 10 December 2025 and were signed on its behalf by:

J Devine Snr - Director

J Devine Jnr - Director

1.	STATUTORY INFORMATION

Devine Quality Foods 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 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

339,422

83,314

107,798

121,710

652,244

DEPRECIATION

At 1 October 2024

-

49,094

40,779

72,405

162,278

Charge for year

-

3,923

7,914

13,882

25,719

At 30 September 2025

-

53,017

48,693

86,287

187,997

NET BOOK VALUE

At 30 September 2025

339,422

30,297

59,105

35,423

464,247

At 30 September 2024

339,422

34,220

67,019

49,305

489,966

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

123,723

104,856

Directors' current accounts

4,284

14,274

VAT

6,498

1,739

Prepayments

12,601

21,635

147,106

142,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

125,175

186,824

Tax

78,133

79,495

Social security and other taxes

3,282

3,912

Accrued expenses

3,482

47,830

210,072

318,061

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

J Devine Jnr

Balance outstanding at start of year

(3,000

)

(3,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,000

)

(3,000

)

J Devine Snr

Balance outstanding at start of year

(11,274

)

(11,274

)

Amounts advanced

9,990

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,284

)

(11,274

)

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Devine Senior by virtue of his majority shareholding.