REGISTERED NUMBER: SC252573 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

G.W. (Food Consultancy) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Watson

Mrs A Watson

REGISTERED OFFICE:

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED NUMBER:

SC252573 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

3

1,455,445

1,485,961

CURRENT ASSETS

Inventories

39,500

42,000

Debtors

4

98,514

92,829

Cash at bank

-

24,259

138,014

159,088

CREDITORS

Amounts falling due within one year

5

415,991

528,530

NET CURRENT LIABILITIES

(277,977

)

(369,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,177,468

1,116,519

CREDITORS

Amounts falling due after more than one year

6

(745,129

)

(531,778

)

PROVISIONS FOR LIABILITIES

(24,000

)

(23,000

)

NET ASSETS

408,339

561,741

CAPITAL AND RESERVES

Called up share capital

415

415

Non distributable reserves

144,168

144,168

Retained earnings

263,756

417,158

SHAREHOLDERS' FUNDS

408,339

561,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2026 and were signed on its behalf by:

G Watson - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

Revenue 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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 33 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 August 2024

1,260,111

91,164

119,604

Additions

-

-

-

At 31 July 2025

1,260,111

91,164

119,604

DEPRECIATION

At 1 August 2024

-

21,513

75,760

Charge for year

-

3,482

8,769

At 31 July 2025

-

24,995

84,529

NET BOOK VALUE

At 31 July 2025

1,260,111

66,169

35,075

At 31 July 2024

1,260,111

69,651

43,844

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 August 2024

111,931

108,670

6,094

1,697,574

Additions

4,475

-

533

5,008

At 31 July 2025

116,406

108,670

6,627

1,702,582

DEPRECIATION

At 1 August 2024

62,282

48,520

3,538

211,613

Charge for year

8,852

13,592

829

35,524

At 31 July 2025

71,134

62,112

4,367

247,137

NET BOOK VALUE

At 31 July 2025

45,272

46,558

2,260

1,455,445

At 31 July 2024

49,649

60,150

2,556

1,485,961

Cost or valuation at 31 July 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2023

192,224

-

-

Cost

1,067,887

91,164

119,604

1,260,111

91,164

119,604

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2023

-

-

-

192,224

Cost

116,406

108,670

6,627

1,510,358

116,406

108,670

6,627

1,702,582

The property was revalued at £1,150,000 on 3 October 2023 by Pinders who are a Registered Valuers and Chartered Buildings Surveyors.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

5,392

-

Other debtors

3,122

2,829

Prepayments

90,000

90,000

98,514

92,829

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

115,485

119,502

Trade creditors

40,165

27,253

Corporation tax

-

2,652

Social security and other taxes

3,435

2,846

VAT

39,168

81,125

Other creditors

17,982

15,857

Credit Card

14,466

13,265

Directors' current accounts

182,929

263,826

Accrued expenses

2,361

2,204

415,991

528,530

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

99,317

75,750

Bank loans - 2-5 years

212,728

156,815

Bank loans more 5 yr by instal

433,084

299,213

745,129

531,778

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

433,084

299,213