K.J. MacKenzie (Garve) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC546835 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

K.J. MacKenzie (Garve) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. Kevin John Blair Mackenzie

Mrs. Katrina Mackenzie

SECRETARY:

Mrs. Katrina Mackenzie

REGISTERED OFFICE:

Corriemoillie Farm

Corriemoillie

Garve

Ross-shire

IV23 2PY

REGISTERED NUMBER:

SC546835 (Scotland)

ACCOUNTANTS:

Leggatts Accountants Ltd

Kempfield Court

Dingwall

Highland

IV15 9RT

FIXED ASSETS

Tangible assets

4

186,537

151,808

CURRENT ASSETS

Stocks

4,740

4,600

Debtors

5

54,121

55,577

Cash at bank and in hand

247,718

165,642

306,579

225,819

CREDITORS

Amounts falling due within one year

6

95,450

71,948

NET CURRENT ASSETS

211,129

153,871

TOTAL ASSETS LESS CURRENT
LIABILITIES

397,666

305,679

PROVISIONS FOR LIABILITIES

46,634

37,952

NET ASSETS

351,032

267,727

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

350,932

267,627

351,032

267,727

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 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 3 June 2026 and were signed on its behalf by:

Mr. Kevin John Blair Mackenzie - Director

Mrs. Katrina Mackenzie - Director

1.	STATUTORY INFORMATION

K.J. MacKenzie (Garve) 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.

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

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

214,775

3,911

111,103

2,859

332,648

Additions

94,560

-

1,166

95,726

Disposals

(22,360

)

-

(22,360

)

At 31 October 2025

286,975

3,911

111,103

4,025

406,014

DEPRECIATION

At 1 November 2024

102,314

3,823

72,608

2,095

180,840

Charge for year

39,194

13

9,624

1,113

49,944

Eliminated on disposal

(11,307

)

-

(11,307

)

At 31 October 2025

130,201

3,836

82,232

3,208

219,477

NET BOOK VALUE

At 31 October 2025

156,774

75

28,871

817

186,537

At 31 October 2024

112,461

88

38,495

764

151,808

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

43,700

50,524

Accrued income

5,100

-

Prepayments

5,321

5,053

54,121

55,577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

34,348

7,466

Tax

32,488

33,046

Social security and other taxes

1,154

809

VAT

17,806

15,223

Directors' current accounts

7,704

13,654

Accrued expenses

1,950

1,750

95,450

71,948

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mr. Kevin John Blair Mackenzie

Balance outstanding at start of year

(6,827

)

(15,772

)

Amounts advanced

3,300

9,270

Amounts repaid

(325

)

(325

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,852

)

(6,827

)

Mrs. Katrina Mackenzie

Balance outstanding at start of year

(6,827

)

(15,772

)

Amounts advanced

3,300

9,270

Amounts repaid

(325

)

(325

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,852

)

(6,827

)