Acorah Software Products - Accounts Production 18.1.170 false true 31 October 2024 27 October 2023 false 1 November 2024 31 October 2025 31 October 2025 SC787305 Christine Murphy Gordon Davidson Tina Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC787305 2024-10-31 SC787305 2025-10-31 SC787305 2024-11-01 2025-10-31 SC787305 frs-core:CurrentFinancialInstruments 2025-10-31 SC787305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 SC787305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 SC787305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 SC787305 frs-core:MotorVehicles 2025-10-31 SC787305 frs-core:MotorVehicles 2024-11-01 2025-10-31 SC787305 frs-core:MotorVehicles 2024-10-31 SC787305 frs-core:PlantMachinery 2025-10-31 SC787305 frs-core:PlantMachinery 2024-11-01 2025-10-31 SC787305 frs-core:PlantMachinery 2024-10-31 SC787305 frs-core:ShareCapital 2025-10-31 SC787305 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 SC787305 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC787305 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 SC787305 frs-bus:SmallEntities 2024-11-01 2025-10-31 SC787305 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 SC787305 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 SC787305 frs-bus:Director1 2024-11-01 2025-10-31 SC787305 frs-bus:Director2 2024-11-01 2025-10-31 SC787305 frs-bus:Director3 2024-11-01 2025-10-31 SC787305 frs-countries:Scotland 2024-11-01 2025-10-31 SC787305 2023-10-26 SC787305 2024-10-31 SC787305 2023-10-27 2024-10-31 SC787305 frs-core:CurrentFinancialInstruments 2024-10-31 SC787305 frs-core:ShareCapital 2024-10-31 SC787305 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: SC787305
Gibston Farms Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Gibston Farms Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Gibston Farms Limited
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: SC787305

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 241,064 |  | 244,645
|  |  | 241,064 |  | 244,645
CURRENT ASSETS
Stocks | 5 | 60,200 |  | 62,077 |
Debtors | 6 | 2,903 |  | 4,601 |
Cash at bank and in hand |  | 20,502 |  | 21,489 |
|  | 83,605 |  | 88,167 |
Creditors: Amounts Falling Due Within One Year | 7 | (315,128 ) |  | (313,720 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (231,523 ) |  | (225,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 9,541 |  | 19,092
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (2,835 ) |  | (2,086 )
NET ASSETS |  |  | 6,706 |  | 17,006
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 6,606 |  | 16,906
SHAREHOLDERS' FUNDS |  |  | 6,706 |  | 17,006

Page 1
Page 2
Gibston Farms Limited
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Christine Murphy Director | Tina Murphy Director
13 April 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Gibston Farms Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Gibston Farms Limited is a private company, limited by shares, incorporated in Scotland, registered number SC787305 . The registered office is Gibston House, Keith, AB55 5NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of livestock and from energy projects.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Nil
Plant & Machinery | 15%
Motor Vehicles | 15%

2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
Page 3
Page 4
Gibston Farms Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Total
| £ | £ | £ | £
Cost
As at 1 November 2024 | 201,155 | 22,359 | 24,500 | 248,014
Additions | - | 4,571 | - | 4,571
Disposals | - | (1,200 ) | - | (1,200 )
As at 31 October 2025 | 201,155 | 25,730 | 24,500 | 251,385
Depreciation
As at 1 November 2024 | - | 1,531 | 1,838 | 3,369
Provided during the period | - | 3,643 | 3,399 | 7,042
Disposals | - | (90 ) | - | (90 )
As at 31 October 2025 | - | 5,084 | 5,237 | 10,321
Net Book Value
As at 31 October 2025 | 201,155 | 20,646 | 19,263 | 241,064
As at 1 November 2024 | 201,155 | 20,828 | 22,662 | 244,645

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 60,200 |  | 62,077

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,100 |  | 3,906
Other debtors | 1,803 |  | 695
| 2,903 |  | 4,601

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,711 |  | 1,551
Other creditors | 313,417 |  | 309,519
Taxation and social security | - |  | 2,650
| 315,128 |  | 313,720

Page 4
Page 5
Gibston Farms Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | 100
Amount of Allotted, Called Up Share Capital | 100 |  | 100

Page 5