Kelpcrofters Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC667748

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		77,596		90,317

			77,596		90,317
CURRENT ASSETS
Stock	5	15,000		10,000
Debtors	6	2,749		2,075
Cash at bank and in hand		18,146		50,429

		35,895		62,504
Creditors: Amounts Falling Due Within One Year	7	(84,061 )		(130,738 )

NET CURRENT ASSETS (LIABILITIES)			(48,166 )		(68,234 )

TOTAL ASSETS LESS CURRENT LIABILITIES			29,430		22,083

NET ASSETS			29,430		22,083

CAPITAL AND RESERVES
Called up share capital	8		300		300
Profit and Loss Account			29,130		21,783

SHAREHOLDERS' FUNDS			29,430		22,083

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Kelpcrofters Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr. K K Orr

Director

16 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kelpcrofters Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC667748 . The registered office is Corkil, Dubhaird, Plockton, Highland, IV52 8TU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

5-25 years straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Kelpcrofters Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 August 2024	125,737
Additions	7,197

As at 31 July 2025	132,934

Depreciation
As at 1 August 2024	35,420
Provided during the period	19,918

As at 31 July 2025	55,338

Net Book Value
As at 31 July 2025	77,596

As at 1 August 2024	90,317

5. Stock

	2025	2024
	£	£
Materials	15,000	10,000

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Kelpcrofters Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	575	497
Other debtors	8	8
VAT	2,166	1,570

	2,749	2,075

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other taxes and social security	1,054	330
Wages payable	1,256	5,124
Other creditors	-	1,010
Accruals and deferred income	56,106	89,761
Directors' loan accounts	25,645	34,513

	84,061	130,738

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300	300

9. Related Party Transactions

At 31 July 2025 the company owed £9,000, £7,681 and £8,964 (2024: £9,554, £11,687 and £13,082) to the directors, Mr M Welch, Mr A M Glasgow and Dr K K Orr, respectively.

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