Company registration number SC357363 (Scotland)
CAIRD POTATOES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
CAIRD POTATOES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
CAIRD POTATOES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
3
60,000
75,000
Property, plant and equipment
4
1,268,496
866,806
1,328,496
941,806
Current assets
Inventories
321,138
269,401
Trade and other receivables
5
81,342
50,740
Cash and cash equivalents
2,300,763
2,142,368
2,703,243
2,462,509
Current liabilities
6
(548,729)
(433,857)
Net current assets
2,154,514
2,028,652
Total assets less current liabilities
3,483,010
2,970,458
Provisions for liabilities
(197,222)
(168,617)
Net assets
3,285,788
2,801,841
Equity
Called up share capital
300
300
Retained earnings
3,285,488
2,801,541
Total equity
3,285,788
2,801,841
CAIRD POTATOES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 January 2026 and are signed on its behalf by:
Mr I J Caird
Director
Company registration number SC357363 (Scotland)
CAIRD POTATOES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Caird Potatoes Limited is a private company limited by shares incorporated in Scotland. The registered office is Kirven House, Helenston, Arbroath, Angus, DD11 3SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

CAIRD POTATOES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and equipment
15% on cost
Potato boxes
25% on cost
Fixtures and fittings
25% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

CAIRD POTATOES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024 and 31 July 2025
300,000
Amortisation and impairment
At 1 August 2024
225,000
Amortisation charged for the year
15,000
At 31 July 2025
240,000
Carrying amount
At 31 July 2025
60,000
At 31 July 2024
75,000
CAIRD POTATOES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
4
Property, plant and equipment
Land and buildings
Plant and machinery etc
Potato boxes
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 August 2024
311,358
1,830,514
123,749
15,002
95,106
2,375,729
Additions
286,628
305,090
11,640
-
0
39,838
643,196
Disposals
-
0
(19,745)
-
0
-
0
-
0
(43,392)
Revaluation
-
0
-
0
-
0
-
0
(23,647)
-
0
At 31 July 2025
597,986
2,115,859
135,389
15,002
111,297
2,975,533
Depreciation and impairment
At 1 August 2024
74,591
1,265,607
109,574
9,469
49,682
1,508,923
Depreciation charged in the year
11,532
190,923
7,635
2,141
27,825
240,056
Eliminated in respect of disposals
-
0
(18,295)
-
0
-
0
(23,647)
(41,942)
At 31 July 2025
86,123
1,438,235
117,209
11,610
53,860
1,707,037
Carrying amount
At 31 July 2025
511,863
677,624
18,180
3,392
57,437
1,268,496
At 31 July 2024
236,767
564,907
14,175
5,533
45,424
866,806
5
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
3,551
5,724
Other receivables
77,791
45,016
81,342
50,740
6
Current liabilities
2025
2024
£
£
Trade payables
43,879
54,038
Corporation tax
147,733
167,664
Other taxation and social security
283
534
Other payables
356,834
211,621
548,729
433,857
CAIRD POTATOES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
7
Directors' transactions

Dividends totalling £25,600 (2024 - £30,720) were paid in the year in respect of shares held by the company's directors.

During the year the company made the following related party transactions:
S Caird
(Director)
During the year S Caird, director, received dividends of £20,480 and interest of £1,371 and withdrew £52,068 from the company. At the balance sheet date the amount due to S Caird was £167,693 (2024: £197,911).
I J Caird
(Director)
During the year I J Caird, director, received dividends of £5,120 and withdrew £13,545 from the company. At the balance sheet date the amount due to I J Caird was £827 (2024: £9,252).

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