Silverfin false false 30/06/2025 01/07/2024 30/06/2025 James William Bishop Mackay 01/07/2017 John Scott Lachlan Mackay 29/06/1989 William George Roderick Mackay 29/06/1989 31 March 2026 The principal activity of the Company during the financial year continued to be that of farming. SC039416 2025-06-30 SC039416 bus:Director1 2025-06-30 SC039416 bus:Director2 2025-06-30 SC039416 bus:Director3 2025-06-30 SC039416 2024-06-30 SC039416 core:CurrentFinancialInstruments 2025-06-30 SC039416 core:CurrentFinancialInstruments 2024-06-30 SC039416 core:Non-currentFinancialInstruments 2025-06-30 SC039416 core:Non-currentFinancialInstruments 2024-06-30 SC039416 core:ShareCapital 2025-06-30 SC039416 core:ShareCapital 2024-06-30 SC039416 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC039416 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC039416 core:LandBuildings 2024-06-30 SC039416 core:OtherPropertyPlantEquipment 2024-06-30 SC039416 core:LandBuildings 2025-06-30 SC039416 core:OtherPropertyPlantEquipment 2025-06-30 SC039416 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-06-30 SC039416 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 SC039416 2023-06-30 SC039416 bus:OrdinaryShareClass1 2025-06-30 SC039416 2024-07-01 2025-06-30 SC039416 bus:FilletedAccounts 2024-07-01 2025-06-30 SC039416 bus:SmallEntities 2024-07-01 2025-06-30 SC039416 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC039416 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC039416 bus:Director1 2024-07-01 2025-06-30 SC039416 bus:Director2 2024-07-01 2025-06-30 SC039416 bus:Director3 2024-07-01 2025-06-30 SC039416 core:LandBuildings core:TopRangeValue 2024-07-01 2025-06-30 SC039416 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 SC039416 2023-07-01 2024-06-30 SC039416 core:LandBuildings 2024-07-01 2025-06-30 SC039416 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 SC039416 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC039416 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC039416 (Scotland)

# D. Y. BISHOP & CO LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

D. Y. BISHOP & CO LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

D. Y. BISHOP & CO LIMITED

## BALANCE SHEET

AS AT 30 JUNE 2025
D. Y. BISHOP & CO LIMITED

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,927,576 |  | 2,889,259
|  | 2,927,576 |  | 2,889,259
Current assets |  |  |  |
Stocks |  | 1,582,276 |  | 1,867,744
Debtors | 4 | 517,316 |  | 183,231
Cash at bank and in hand |  | 1,663 |  | 117
|  | 2,101,255 |  | 2,051,092
Creditors: amounts falling due within one year | 5 | ( 2,045,438) |  | ( 3,273,335)
Net current assets/(liabilities) |  | 55,817 |  | (1,222,243)
Total assets less current liabilities |  | 2,983,393 |  | 1,667,016
Creditors: amounts falling due after more than one year | 6 | ( 2,324,911) |  | ( 618,091)
Provision for liabilities | 7 | ( 292,994) |  | ( 319,241)
Net assets |  | 365,488 |  | 729,684
Capital and reserves |  |  |  |
Called-up share capital | 8 | 76,834 |  | 76,834
Profit and loss account |  | 288,654 |  | 652,850
Total shareholders' funds |  | 365,488 |  | 729,684

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of D. Y. Bishop & Co Limited (registered number: SC039416) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

James William Bishop Mackay Director |

D. Y. BISHOP & CO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
D. Y. BISHOP & CO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

D. Y. Bishop & Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is D Y Bishop & Co Ltd, Fletcherfield Farm, Kirriemuir, DD8 5PQ, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover represents the invoiced value of crop and livestock sales net of VAT and trade discounts.
Turnover is recognised when the company has entitlement to the income in exchange for goods.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery etc. | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 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.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from related parties and bank overdrafts are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 12 |  | 12

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 July 2024 | 1,940,488 |  | 2,897,827 |  | 4,838,315
Additions | 10,320 |  | 325,758 |  | 336,078
Disposals | 0 |  | ( 100,265) |  | ( 100,265)
At 30 June 2025 | 1,950,808 |  | 3,123,320 |  | 5,074,128
Accumulated depreciation |  |  |  |  |
At 01 July 2024 | 456,965 |  | 1,492,091 |  | 1,949,056
Charge for the financial year | 38,913 |  | 237,221 |  | 276,134
Disposals | 0 |  | ( 78,638) |  | ( 78,638)
At 30 June 2025 | 495,878 |  | 1,650,674 |  | 2,146,552
Net book value |  |  |  |  |
At 30 June 2025 | 1,454,930 |  | 1,472,646 |  | 2,927,576
At 30 June 2024 | 1,483,523 |  | 1,405,736 |  | 2,889,259

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 182,920 |  | 65,001
Corporation tax | 75,129 |  | 0
Other debtors | 259,267 |  | 118,230
| 517,316 |  | 183,231

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 603,053 |  | 2,318,769
Trade creditors | 437,925 |  | 263,627
Amounts owed to related parties | 392,638 |  | 429,172
Taxation and social security | 73,667 |  | 46,537
Obligations under finance leases and hire purchase contracts | 158,823 |  | 152,621
Other creditors | 379,332 |  | 62,609
| 2,045,438 |  | 3,273,335

The bank borrowings are secured over the land and buildings.
Obligations under finance leases and hire purchase contracts are secured over the related assets.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 2,060,346 |  | 490,132
Obligations under finance leases and hire purchase contracts | 264,565 |  | 127,959
| 2,324,911 |  | 618,091

The bank borrowings are secured over the land and buildings.
Obligations under finance leases and hire purchase contracts are secured over the related assets.

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 319,241) |  | ( 350,707)
Credited to the Statement of Income and Retained Earnings | 26,247 |  | 31,466
At the end of financial year | ( 292,994) |  | ( 319,241)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
76,834 Ordinary shares of £ 1.00 each | 76,834 |  | 76,834

#### 9. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases. | 5,872 |  | 7,227

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts due (to)/from the directors | 187,722 |  | (985)

The balance is unsecured and has no fixed repayment terms. Interest is charged at 2.25%.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to an entity where there is a common director | 392,638 |  | 429,172

The balance is unsecured, interest free and has no fixed repayment terms.