REGISTERED NUMBER: SC304582 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2025

for

James Moffat (Quality Butchers) Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

J M Moffat

Mrs L Moffat

SECRETARY:

Mrs L Moffat

REGISTERED OFFICE:

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

REGISTERED NUMBER:

SC304582 (Scotland)

ACCOUNTANTS:

EAC Accountancy Limited

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a Butchers.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

J M Moffat

Mrs L Moffat

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs L Moffat - Secretary

20 November 2025

TURNOVER

613,016

666,670

Cost of sales

411,793

401,686

GROSS PROFIT

201,223

264,984

Administrative expenses

249,067

217,395

OPERATING (LOSS)/PROFIT

4

(47,844

)

47,589

Interest receivable and similar income

935

1,394

(46,909

)

48,983

Interest payable and similar expenses

549

-

(LOSS)/PROFIT BEFORE TAXATION

(47,458

)

48,983

Tax on (loss)/profit

3,635

9,315

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(51,093

)

39,668

FIXED ASSETS

Intangible assets

5

1

1

Tangible assets

6

29,697

10,595

29,698

10,596

CURRENT ASSETS

Stocks

5,500

5,500

Debtors

7

5,974

2,201

Cash at bank

45,108

123,258

56,582

130,959

CREDITORS

Amounts falling due within one year

8

5,865

9,614

NET CURRENT ASSETS

50,717

121,345

TOTAL ASSETS LESS CURRENT LIABILITIES

80,415

131,941

CREDITORS

Amounts falling due after more than one year

9

(13,514

)

-

PROVISIONS FOR LIABILITIES

(5,618

)

(1,983

)

NET ASSETS

61,283

129,958

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,183

129,858

61,283

129,958

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

J M Moffat - Director

1.	STATUTORY INFORMATION

James Moffat (Quality Butchers) Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

25% Reducing Balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

31.8.25

31.8.24

£

£

Depreciation - owned assets

9,899

3,531

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

190,000

AMORTISATION

At 1 September 2024

and 31 August 2025

189,999

NET BOOK VALUE

At 31 August 2025

1

At 31 August 2024

1

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

57,582

Additions

29,991

Disposals

(9,895

)

At 31 August 2025

77,678

DEPRECIATION

At 1 September 2024

46,987

Charge for year

9,899

Eliminated on disposal

(8,905

)

At 31 August 2025

47,981

NET BOOK VALUE

At 31 August 2025

29,697

At 31 August 2024

10,595

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

5,974

2,201

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

5,077

-

Taxation and social security

788

9,614

5,865

9,614

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

13,514

-