IRIS Accounts Production v25.4.0.155 SC258060 Board of Directors Board of Directors Board of Directors 1.9.24 31.8.25 31.8.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC258060 2024-08-31 SC258060 2025-08-31 SC258060 2024-09-01 2025-08-31 SC258060 2023-08-31 SC258060 2023-09-01 2024-08-31 SC258060 2024-08-31 SC258060 ns15:Scotland 2024-09-01 2025-08-31 SC258060 ns14:PoundSterling 2024-09-01 2025-08-31 SC258060 ns10:Director1 2024-09-01 2025-08-31 SC258060 ns10:Director2 2024-09-01 2025-08-31 SC258060 ns10:Director3 2024-09-01 2025-08-31 SC258060 ns10:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC258060 ns10:SmallEntities 2024-09-01 2025-08-31 SC258060 ns10:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC258060 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 SC258060 ns10:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC258060 ns10:FullAccounts 2024-09-01 2025-08-31 SC258060 ns10:CompanySecretary1 2024-09-01 2025-08-31 SC258060 ns10:RegisteredOffice 2024-09-01 2025-08-31 SC258060 ns5:CurrentFinancialInstruments 2025-08-31 SC258060 ns5:CurrentFinancialInstruments 2024-08-31 SC258060 ns5:ShareCapital 2025-08-31 SC258060 ns5:ShareCapital 2024-08-31 SC258060 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 SC258060 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 SC258060 ns5:LeaseholdImprovements 2024-09-01 2025-08-31 SC258060 ns5:PlantMachinery 2024-09-01 2025-08-31 SC258060 ns5:ComputerEquipment 2024-09-01 2025-08-31 SC258060 ns5:LeaseholdImprovements 2024-08-31 SC258060 ns5:PlantMachinery 2024-08-31 SC258060 ns5:ComputerEquipment 2024-08-31 SC258060 ns5:LeaseholdImprovements 2025-08-31 SC258060 ns5:PlantMachinery 2025-08-31 SC258060 ns5:ComputerEquipment 2025-08-31 SC258060 ns5:LeaseholdImprovements 2024-08-31 SC258060 ns5:PlantMachinery 2024-08-31 SC258060 ns5:ComputerEquipment 2024-08-31 SC258060 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 SC258060 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31 SC258060 ns5:DeferredTaxation 2024-08-31 SC258060 ns5:DeferredTaxation 2024-09-01 2025-08-31 SC258060 ns5:DeferredTaxation 2025-08-31 SC258060 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 SC258060 ns5:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 SC258060 ns10:Director1 1 2024-08-31 SC258060 ns10:Director1 1 2023-08-31 SC258060 ns10:Director1 1 2024-09-01 2025-08-31 SC258060 ns10:Director1 1 2023-09-01 2024-08-31 SC258060 ns10:Director1 1 2025-08-31 SC258060 ns10:Director1 1 2024-08-31 SC258060 2 ns10:Director2 2024-08-31 SC258060 2 ns10:Director2 2023-08-31 SC258060 2 ns10:Director2 2024-09-01 2025-08-31 SC258060 2 ns10:Director2 2023-09-01 2024-08-31 SC258060 2 ns10:Director2 2025-08-31 SC258060 2 ns10:Director2 2024-08-31 SC258060 ns10:Director3 3 2024-08-31 SC258060 ns10:Director3 3 2023-08-31 SC258060 ns10:Director3 3 2024-09-01 2025-08-31 SC258060 ns10:Director3 3 2023-09-01 2024-08-31 SC258060 ns10:Director3 3 2025-08-31 SC258060 ns10:Director3 3 2024-08-31

REGISTERED NUMBER: SC258060 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Scot Chip Limited

Scot Chip Limited (Registered number: SC258060)

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Scot Chip Limited

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | J J Logan

| E G Logan

| H W J Logan

| SECRETARY: | J J Logan

| REGISTERED OFFICE: | Samuelston South Mains

| Pencaitland

| Tranent

| East Lothian

| EH34 5DU

| REGISTERED NUMBER: | SC258060 (Scotland)

| ACCOUNTANTS: | Bennett and Co

| Chartered Accountants

| 25 Lanark Road

| Edinburgh

| EH14 1TG

Scot Chip Limited (Registered number: SC258060)

Balance Sheet

31 August 2025

| 31.8.25 |  | 31.8.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 214,374 |  | 223,224 |  |

CURRENT ASSETS

Stocks | 26,238 |  | 43,081 |  |

Debtors | 5 | 519,183 |  | 509,670 |  |

Cash at bank | 804,628 |  | 667,491 |  |

1,350,049 |  | 1,220,242 |  |

CREDITORS

Amounts falling due within one year | 6 | (165,593 | ) | (300,921 | ) |

NET CURRENT ASSETS | 1,184,456 |  | 919,321 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,398,830 |  | 1,142,545 |  |

PROVISIONS FOR LIABILITIES | 7 | (14,189 | ) | (16,232 | ) |

NET ASSETS | 1,384,641 |  | 1,126,313 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 8 | 1,384,639 |  | 1,126,311 |  |

SHAREHOLDERS' FUNDS | 1,384,641 |  | 1,126,313 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Scot Chip Limited (Registered number: SC258060)

Balance Sheet - continued

31 August 2025

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 6 May 2026 and were signed on its behalf by:

J J Logan - Director | E G Logan - Director

H W J Logan - Director

Scot Chip Limited (Registered number: SC258060)

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Scot Chip Limited 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

| Turnover 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.

| Property improvements | - | not provided

| Plant and equipment | - | 20% on cost

| Office equipment | - | 20% on cost

| Stocks

| Stocks 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.

Scot Chip Limited (Registered number: SC258060)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Property |  | Plant and |  | Office |

| improvements |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 | 173,275 |  | 603,959 |  | 11,441 |  | 788,675 |  |

| Additions | - |  | 7,950 |  | 2,052 |  | 10,002 |  |

| Disposals | - |  | - |  | (1,641 | ) | (1,641 | ) |

| At 31 August 2025 | 173,275 |  | 611,909 |  | 11,852 |  | 797,036 |  |

| DEPRECIATION

| At 1 September 2024 | - |  | 555,718 |  | 9,733 |  | 565,451 |  |

| Charge for year | - |  | 17,808 |  | 1,044 |  | 18,852 |  |

| Eliminated on disposal | - |  | - |  | (1,641 | ) | (1,641 | ) |

| At 31 August 2025 | - |  | 573,526 |  | 9,136 |  | 582,662 |  |

| NET BOOK VALUE

| At 31 August 2025 | 173,275 |  | 38,383 |  | 2,716 |  | 214,374 |  |

| At 31 August 2024 | 173,275 |  | 48,241 |  | 1,708 |  | 223,224 |  |

| No depreciation has been charged on the property improvements as, in the directors opinion, the remaining economic useful life will exceed 50 years.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 160,836 |  | 117,629 |  |

| Sundry debtors | 8,652 |  | 12,093 |  |

| Aford Property Ltd loan | 35,000 |  | 35,000 |  |

| WM Logan loan | 178,785 |  | 248,185 |  |

| Directors' loan accounts | 114,000 |  | 82,000 |  |

| Corporation tax repayable | 3,250 |  | 2,275 |  |

| VAT | 18,660 |  | 12,488 |  |

519,183 |  | 509,670 |  |

Scot Chip Limited (Registered number: SC258060)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade creditors | 48,504 |  | 111,980 |  |

| Corporation tax | 105,969 |  | 79,480 |  |

| Social security and other taxes | 5,392 |  | 4,462 |  |

| Other creditors | 5,728 |  | 104,999 |  |

165,593 |  | 300,921 |  |

7. | PROVISIONS FOR LIABILITIES

| 31.8.25 |  | 31.8.24

£ | £ |

| Deferred tax | 14,189 |  | 16,232 |  |

| Deferred |

| tax |

£ |

| Balance at 1 September 2024 | 16,232 |  |

| Credit to Income Statement during year | (2,043 | ) |

| Balance at 31 August 2025 | 14,189 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 September 2024 | 1,126,311 |  |

| Profit for the year | 258,328 |  |

| At 31 August 2025 | 1,384,639 |  |

9. | CONTINGENT LIABILITIES

| National Westminster Bank Plc hold a Bond and Floating Charge over the assets of the company.

Scot Chip Limited (Registered number: SC258060)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

| 31.8.25 |  | 31.8.24

£ | £ |

| J J Logan

| Balance outstanding at start of year | 36,000 |  | 40,000 |  |

| Amounts advanced | 42,000 |  | - |  |

| Amounts repaid | - |  | (4,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 78,000 |  | 36,000 |  |

| E G Logan

| Balance outstanding at start of year | 10,000 |  | 10,000 |  |

| Amounts repaid | (10,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 10,000 |  |

| H W J Logan

| Balance outstanding at start of year | 36,000 |  | 39,000 |  |

| Amounts repaid | - |  | (3,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 36,000 |  | 36,000 |  |

11. | RELATED PARTY DISCLOSURES

| Goods to the value of £50,685 (2024 - £41,482) were purchased from W.M. Logan, a partnership in which J Logan, E Logan and H. Logan are partners. The company received solar panel income of £7,684 (2024 - £7,750) and paid W.M. Logan for the following services: -

| 31.08.25 | 31.08.24 |  |

| £ | £ |  |

| Heat and light |  | 38,142 | 33,328 |

| Rent |  | 18,000 | 18,000 |

| Plant hire and waste disposal |  | 23,471 | 22,296 |

| Telephone |  | 180 | 240 |

| Goods to the value of £5,724 (2024 - £845) were purchased from Denholm Potato Growers Limited and the company also paid £2,489 (2024 - £3,991) for heat and light and nil (2024 - £295) for workwear. J Logan and E Logan are directors and shareholders of both companies and H. Logan is a director of both companies.

| All the above transactions were made on a normal trading basis.

12. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.