Company No: SC252539 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	154,637		109,489
		154,637		109,489
Current assets
Stocks	4	260,039		332,970
Debtors	5	6,317,144		4,654,631
		6,577,183		4,987,601
Creditors: amounts falling due within one year	6	( 3,287,838)		( 1,973,017)
Net current assets		3,289,345		3,014,584
Total assets less current liabilities		3,443,982		3,124,073
Net assets		3,443,982		3,124,073
Capital and reserves
Called-up share capital	7	200		200
Profit and loss account		3,443,782		3,123,873
Total shareholders' funds		3,443,982		3,124,073

For the financial year ending 31 August 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 East Comalegy Limited (registered number: SC252539) were approved and authorised for issue by the Board of Directors on 14 May 2026. They were signed on its behalf by:

Aileen Ingram Director

Andrew Ingram Director

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

East Comalegy 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 East Comalegy, Drumblade, Huntly, AB54 6ED, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided from the sale of livestock.

Turnover is recognised on delivery.

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.

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, other than investment property and freehold land, 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	20 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % 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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

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.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 September 2024	82,343		37,926		79,030		199,299
Additions	0		0		78,200		78,200
Disposals	0		0		( 29,260)		( 29,260)
At 31 August 2025	82,343		37,926		127,970		248,239
Accumulated depreciation
At 01 September 2024	28,820		12,132		48,858		89,810
Charge for the financial year	4,117		5,161		14,346		23,624
Disposals	0		0		( 19,832)		( 19,832)
At 31 August 2025	32,937		17,293		43,372		93,602
Net book value
At 31 August 2025	49,406		20,633		84,598		154,637
At 31 August 2024	53,523		25,794		30,172		109,489

4. Stocks

	2025		2024
	£		£
Livestock	260,039		332,970

5. Debtors

	2025		2024
	£		£
Trade debtors	5,117,205		3,485,477
Corporation tax	297,149		289,676
Other debtors	902,790		879,478
	6,317,144		4,654,631

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	1,498,448		670,203
Trade creditors	1,570,010		1,164,053
Taxation and social security	209,854		128,036
Other creditors	9,526		10,725
	3,287,838		1,973,017

The bank overdraft is secured by a floating charge.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
100 A Ordinary shares of £ 1.00 each	100		100
	200		200

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts due from Key Management Personnel	880,440		858,300

At the beginning of the year the directors owed the company £858,300. During the year £274,024 was advanced to the directors, 2.25% interest was charged totalling £18,993 and £270,877 was repaid, resulting in a closing balance of £880,440 being owed to the company by the directors.

This loan is unsecured and has no fixed terms of repayment.