REGISTERED NUMBER: SC248168 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Jc & Kc Constable Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J C Constable

Mrs K C Constable

SECRETARY:

Mrs K C Constable

REGISTERED OFFICE:

Meikle Harelaw Farm

Near Greenlaw

Duns

Berwickshire

TD10 6XT

REGISTERED NUMBER:

SC248168 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,082,449

1,139,883

Investments

6

64,214

464,214

1,146,663

1,604,097

CURRENT ASSETS

Inventories

627,400

627,400

Debtors

7

119,595

107,626

Cash at bank

948,975

493,095

1,695,970

1,228,121

CREDITORS

Amounts falling due within one year

8

151,946

151,120

NET CURRENT ASSETS

1,544,024

1,077,001

TOTAL ASSETS LESS CURRENT LIABILITIES

2,690,687

2,681,098

CREDITORS

Amounts falling due after more than one year

9

(34,823

)

(60,609

)

PROVISIONS FOR LIABILITIES

(40,500

)

(49,000

)

NET ASSETS

2,615,364

2,571,489

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,615,164

2,571,289

SHAREHOLDERS' FUNDS

2,615,364

2,571,489

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

J C Constable - Director

1.	STATUTORY INFORMATION

Jc & Kc Constable Ltd 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Farmhouse and buildings

-

Straight line over 20 years

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Tractors and motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

60,000

AMORTISATION

At 1 May 2024

and 30 April 2025

60,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Farmhouse

Improvements

and

to

Plant and

buildings

property

machinery

£

£

£

COST

At 1 May 2024

937,705

104,820

273,105

Additions

-

-

5,135

Disposals

-

-

(11,459

)

At 30 April 2025

937,705

104,820

266,781

DEPRECIATION

At 1 May 2024

126,367

35,087

209,793

Charge for year

11,652

-

9,286

Eliminated on disposal

-

-

(10,387

)

At 30 April 2025

138,019

35,087

208,692

NET BOOK VALUE

At 30 April 2025

799,686

69,733

58,089

At 30 April 2024

811,338

69,733

63,312

Tractors

and motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

429,828

410

1,745,868

Additions

10,600

-

15,735

Disposals

-

-

(11,459

)

At 30 April 2025

440,428

410

1,750,144

DEPRECIATION

At 1 May 2024

234,568

170

605,985

Charge for year

51,022

137

72,097

Eliminated on disposal

-

-

(10,387

)

At 30 April 2025

285,590

307

667,695

NET BOOK VALUE

At 30 April 2025

154,838

103

1,082,449

At 30 April 2024

195,260

240

1,139,883

6.	FIXED ASSET INVESTMENTS

Fixed asset investments are valued at cost. The Fixed Asset Investments for the year include 60,000 RBS Shares (Ord. 25p Shares).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

2,255

22,255

Directors' loan accounts

75,336

52,252

VAT

11,390

5,251

Prepayments

30,614

27,868

119,595

107,626

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

16,500

34,833

Trade creditors

3

1

Corporation tax

56,911

28,916

Other creditors

23,464

80,714

Directors' loan accounts

44,703

-

Accrued expenses

4,561

4,334

Deferred government grants

5,804

2,322

151,946

151,120

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

-

16,500

Accruals and deferred income

34,823

44,109

34,823

60,609

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

16,500

51,333

Hire purchase agreements are secured on the assets to which they relate.

The Royal Bank of Scotland PLC holds a bond and floating charge over the property and assets of the Company, both present and future, with a restriction preventing subsequent fixed securities having priority over, or ranking equally with the floating charge.

The directors have given personal security in respect of the loan due to Royal Bank of Scotland PLC.

11.	ULTIMATE CONTROLLING PARTY

Mr & Mrs Constable are the ultimate controlling party, by nature of their 75% shareholding.