REGISTERED NUMBER: SC349420 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Central Produce Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M McDowall

A M Mcdowall

A McDowall

M A McDowall

SECRETARY:

A McDowall

REGISTERED OFFICE:

2 Lornshill Cottages

Alloa

FK10 2EP

REGISTERED NUMBER:

SC349420 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

306,637

226,264

CURRENT ASSETS

Stocks

29,529

20,367

Debtors

5

393,541

323,795

Cash at bank

42,801

64,900

465,871

409,062

CREDITORS

Amounts falling due within one year

6

516,223

413,600

NET CURRENT LIABILITIES

(50,352

)

(4,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

256,285

221,726

CREDITORS

Amounts falling due after more than one year

7

(181,462

)

(127,711

)

PROVISIONS FOR LIABILITIES

(40,447

)

(28,250

)

NET ASSETS

34,376

65,765

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,276

65,665

34,376

65,765

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 4 March 2026 and were signed on its behalf by:

A M Mcdowall - Director

1.	STATUTORY INFORMATION

Central Produce 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 etc

-

25% on reducing balance and 15% on 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 18 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

316,204

Additions

164,734

Disposals

(64,148

)

At 31 October 2025

416,790

DEPRECIATION

At 1 November 2024

89,940

Charge for year

47,872

Eliminated on disposal

(27,659

)

At 31 October 2025

110,153

NET BOOK VALUE

At 31 October 2025

306,637

At 31 October 2024

226,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

351,389

289,165

Other debtors

42,152

34,630

393,541

323,795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

11,177

19,160

Hire purchase contracts

62,393

50,639

Trade creditors

372,984

275,248

Taxation and social security

5,009

5,892

Other creditors

64,660

62,661

516,223

413,600

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

11,177

Hire purchase contracts

181,462

116,534

181,462

127,711

8.	SECURED DEBTS

Santander UK PLC hold a Bond and Floating Charge, over the assets of the Company.