REGISTERED NUMBER: SC235174 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Hebridean Smolts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Donald J Steele

SECRETARY:

Mrs Marion Steele

REGISTERED OFFICE:

28 Liniclate

Benbecula

Western Isles

HS7 5PY

REGISTERED NUMBER:

SC235174 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

106,614

100,501

CURRENT ASSETS

Stock

316,250

395,110

Debtors

5

78,324

43,203

Cash at bank

126,512

59,889

521,086

498,202

CREDITORS

Amounts falling due within one year

6

102,882

78,739

NET CURRENT ASSETS

418,204

419,463

TOTAL ASSETS LESS CURRENT LIABILITIES

524,818

519,964

CREDITORS

Amounts falling due after more than one year

7

(30,428

)

(7,545

)

PROVISIONS FOR LIABILITIES

8

(14,099

)

(11,721

)

NET ASSETS

480,291

500,698

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

480,191

500,598

SHAREHOLDERS' FUNDS

480,291

500,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

Mr Donald J Steele - Director

1.	STATUTORY INFORMATION

Hebridean Smolts 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2024

1,221,347

49,058

1,270,405

Additions

-

46,650

46,650

Disposals

-

(28,080

)

(28,080

)

At 31 October 2025

1,221,347

67,628

1,288,975

DEPRECIATION

At 1 November 2024

1,129,577

40,327

1,169,904

Charge for year

22,943

12,596

35,539

Eliminated on disposal

-

(23,082

)

(23,082

)

At 31 October 2025

1,152,520

29,841

1,182,361

NET BOOK VALUE

At 31 October 2025

68,827

37,787

106,614

At 31 October 2024

91,770

8,731

100,501

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 November 2024

and 31 October 2025

15,995

DEPRECIATION

At 1 November 2024

and 31 October 2025

9,247

NET BOOK VALUE

At 31 October 2025

6,748

At 31 October 2024

6,748

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,346

36,346

Other debtors

41,978

6,857

78,324

43,203

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,149

10,648

Hire purchase contracts

8,744

8,625

Trade creditors

77,321

32,984

Taxation and social security

-

20,807

Other creditors

8,668

5,675

102,882

78,739

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,545

Hire purchase contracts

30,428

-

30,428

7,545

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,099

11,721

Deferred

tax

£

Balance at 1 November 2024

11,721

Provided during year

2,378

Balance at 31 October 2025

14,099

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Donald J Steele.