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Registered number: SC265047
EMSLIES LIVESTOCK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
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EMSLIES LIVESTOCK LTD
COMPANY INFORMATION
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EMSLIES LIVESTOCK LTD
REGISTERED NUMBER: SC265047
STATEMENT OF FINANCIAL POSITION
AS AT 27 NOVEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Creditors: amounts falling due after more than one year
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EMSLIES LIVESTOCK LTD
REGISTERED NUMBER: SC265047
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 27 NOVEMBER 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2026.
The notes on pages 3 to 7 form part of these financial statements.
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EMSLIES LIVESTOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
Emslies Livestock Ltd is a private company limited by shares incorporated in Scotland. The registered office is Kinknockie, Mintlaw, Peterhead, AB42 5AX.
The Company's functional and presentational currency is GBP.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The company is relient on the continued support of the bank, the directors and the owners and at this point there is no reason to doubt that support will continue.
The company has prepared projections that demonstrate that the company can continue continue to operate and have sufficient resources to meet liabilities as they fall due for a period of at least 12 months from the date of appoval of these financial statements.
Consequently, the directors consider it is appropriate to prepare the financial statements on a going concern basis.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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EMSLIES LIVESTOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Biological assets are recognised only when three recognition criteria have been fulfilled:
- the entity has control over the asset as a result of past events;
- it is probably that future economic benefits associated with the asset will flow to the entity; and
- the fair value or cost of the asset can be measured reliably.
Where the company opts to measure a biological asset under the fair value model on initial recognition it must carry the asset at fair value at each reporting date. Changes in fair value less costs to sell are recognised in profit or loss.
Where the company opts to measure agricultural produce harvested from the biological asset it is measured at fair value less costs to sell at the point of harvest. This measurement becomes the cost at the date the company applies Section 13 Inventories to the agricultural produce.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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EMSLIES LIVESTOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
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The total Biological assets for the year to 30 November 2025 are £117,750. (2024 - £318,010)
The Biological assets displayed as current assets total £35,000. (2024 - £124,260)
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EMSLIES LIVESTOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
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Charge for the year on owned assets
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EMSLIES LIVESTOCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2025
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
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Net obligations under finance leases and hire purchase contracts
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Amounts owed to other participating interests
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The bank loan is secured by a bond and floating charge over the property and all the assets of the Company. Hire purchase liabilities are secured over the assets to which they relate. Hire purchase liabilities are secured over the assets to which they relate.
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ALLOTTED, CALLED UP AND FULLY PAID
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100 (2024 - 100) Ordinary shares shares of £1.00 each
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