W MCMILLAN FOODS LTD


Director	Peter Brian Mitchell


Registered Address	Unit 20 & 21 Fife Food Centre
	Faraday Road
	Glenrothes
	KY6 2RU


Registered Number	SC606547 (Scotland)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		4,528		6,000
Tangible assets	4		218,838		137,562
			223,366		143,562
Current assets
Stocks		46,494		42,389
Debtors	5	130,785		121,116
Cash at bank and on hand		3,999		2,937
		181,278		166,442
Creditors amounts falling due within one year	6	(184,731)		(195,985)
Net current assets (liabilities)			(3,453)		(29,543)
Total assets less current liabilities			219,913		114,019
Creditors amounts falling due after one year	7		(64,402)		(40,668)
Net assets			155,511		73,351
Capital and reserves
Called up share capital			2,000		2,000
Share premium			118,398		118,398
Profit and loss account			35,113		(47,047)
Shareholders' funds			155,511		73,351

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 July 2026, and are signed on its behalf by:

Peter Brian Mitchell
Director
Registered Company No. SC606547

W MCMILLAN FOODS LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.

	Turnover policy
	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 and from the rendering of services.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	10
Fixtures and fittings	-	4
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

	Related parties
	Included within other debtors is a balance of £2,259 (2024 - £11,800) due from The Farmer's Son Ltd, a company in which the director is also a director and shareholder. No interest or repayment terms have been agreed.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		13

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	15,000	15,000
At 31 October 25	15,000	15,000
Amortisation and impairment
At 01 November 24	9,000	9,000
Charge for year	1,472	1,472
At 31 October 25	10,472	10,472
Net book value
At 31 October 25	4,528	4,528
At 31 October 24	6,000	6,000

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 24	238,875	10,000	370	1,297	250,542
Additions	86,193	-	34,500	316	121,009
Disposals	-	(10,000)	-	-	(10,000)
At 31 October 25	325,068	-	34,870	1,613	361,551
Depreciation and impairment
At 01 November 24	106,951	4,750	370	909	112,980
Charge for year	27,726	1,313	6,411	346	35,796
On disposals	-	(6,063)	-	-	(6,063)
At 31 October 25	134,677	-	6,781	1,255	142,713
Net book value
At 31 October 25	190,391	-	28,089	358	218,838
At 31 October 24	131,924	5,250	-	388	137,562

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	108,012	56,274
Other debtors	8,539	38,317
Prepayments and accrued income	10,919	14,818
Deferred tax asset, debtors	3,315	11,707
Total	130,785	121,116

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	94,577	101,071
Bank borrowings and overdrafts	20,009	24,580
Taxation and social security	44,223	40,757
Finance lease and HP contracts	7,846	4,772
Other creditors	11,505	15,639
Accrued liabilities and deferred income	6,571	9,166
Total	184,731	195,985

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	57,081	36,419
Other creditors	7,321	4,249
Total	64,402	40,668