Balgove Larder Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC456947 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Balgove Larder Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J P Docker

H B Cheape

SECRETARY:

H B Cheape

REGISTERED OFFICE:

Balgove Larder

Strathtyrum

St Andrews

Fife

KY16 9SF

REGISTERED NUMBER:

SC456947 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

435,778

405,899

Investments

6

5,000

-

440,778

405,899

CURRENT ASSETS

Stocks

304,734

250,440

Debtors

7

197,738

123,118

Cash at bank and in hand

362,507

376,562

864,979

750,120

CREDITORS

Amounts falling due within one year

8

1,209,372

1,019,066

NET CURRENT LIABILITIES

(344,393

)

(268,946

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

96,385

136,953

CREDITORS

Amounts falling due after more than one year

9

(51,336

)

(46,007

)

PROVISIONS FOR LIABILITIES

10

(36,123

)

(26,540

)

NET ASSETS

8,926

64,406

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

8,826

64,306

SHAREHOLDERS' FUNDS

8,926

64,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

W J P Docker - Director

1.	STATUTORY INFORMATION

Balgove Larder 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors and creditors.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, has been amortised evenly over its estimated useful life of five years.

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.

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.

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

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life as follows:

Improvements to property

-

10% per annum

Plant and machinery

-

25% per annum

Fixture and fittings

-

25% per annum

Motor vehicles

-

10% per annum

Computer equipment

-

25% per annum

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. if such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 115 (2024 - 91 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

677,215

AMORTISATION

At 1 October 2024

and 30 September 2025

677,215

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 October 2024

590,941

362,236

170,079

Additions

54,409

55,713

12,576

Disposals

-

(29,160

)

-

At 30 September 2025

645,350

388,789

182,655

DEPRECIATION

At 1 October 2024

351,885

324,645

146,618

Charge for year

52,834

20,096

13,468

Eliminated on disposal

-

(29,160

)

-

At 30 September 2025

404,719

315,581

160,086

NET BOOK VALUE

At 30 September 2025

240,631

73,208

22,569

At 30 September 2024

239,056

37,591

23,461

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2024

112,819

26,251

1,262,326

Additions

-

8,120

130,818

Disposals

-

(29,160

)

At 30 September 2025

112,819

34,371

1,363,984

DEPRECIATION

At 1 October 2024

13,101

20,178

856,427

Charge for year

11,282

3,259

100,939

Eliminated on disposal

-

(29,160

)

At 30 September 2025

24,383

23,437

928,206

NET BOOK VALUE

At 30 September 2025

88,436

10,934

435,778

At 30 September 2024

99,718

6,073

405,899

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

5,000

At 30 September 2025

5,000

NET BOOK VALUE

At 30 September 2025

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

as restated

£

Trade debtors

44,511

39,094

Other debtors

153,227

84,024

197,738

123,118

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

as restated

£

Hire purchase contracts

21,566

16,187

Trade creditors

666,423

497,493

Taxation and social security

240,333

112,931

Other creditors

281,050

392,455

1,209,372

1,019,066

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

as restated

£

Hire purchase contracts

51,336

46,007

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

as restated

£

Deferred tax

36,123

26,540

Deferred

tax

£

Balance at 1 October 2024

26,540

Provided during year

9,583

Balance at 30 September 2025

36,123

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

as restated

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2025, the company owed the directors £5,134 (2024: the directors owed the company £21,516).

13.	RELATED PARTY DISCLOSURES

Related Party

Transaction

Transaction
Value

Balance receivable
from/(payable to)
related party as at

30.09.25

30.09.24

30.09.25

30.09.24

£

Director 1

Loan

-

150,000

(150,000)

Director 2

Dividends

(185,960)

(79,820)

-

(1) Partnership 1

Loan

100,000

345,850

100,000

-

Purchases

(779,784)

(1,168,456)

-

(90,546)

Sales

37,444

75,700

4,628

14,721

(2) Shareholder 1

Dividends

(37,803)

(16,000)

-

(3) Shareholder 2

Loan

(8,100)

8,955

(205)

7,895

Dividends

(185,960)

(79,820)

-

(1) A partnership in which a director is a partner.

(2) A shareholder of the company of which a director is a beneficiary.

(3) A shareholder of the company is the spouse of a director.

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.