OCHIL FOODS LIMITED


Director	D R Laing


Registered Address	Unit 2a - 2b, Lawgrove Place
	Inveralmond Industrial Estate
	Perth
	PH1 3ED


Registered Number	SC399047 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		263,731		316,683
			263,731		316,683
Current assets
Stocks	4	155,543		93,881
Debtors		518,729		491,105
Cash at bank and on hand		54,966		41,067
		729,238		626,053
Creditors amounts falling due within one year	5	(548,172)		(618,669)
Net current assets (liabilities)			181,066		7,384
Total assets less current liabilities			444,797		324,067
Creditors amounts falling due after one year	6		(556,422)		(311,942)
Provisions for liabilities	8		-		(13,194)
Net assets			(111,625)		(1,069)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(111,627)		(1,071)
Shareholders' funds			(111,625)		(1,069)

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 25 August 2026, and are signed on its behalf by:

D R Laing
Director
Registered Company No. SC399047

OCHIL FOODS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

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
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	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
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	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. Payments under operating lease contracts are expensed through the profit and loss account in the period in which payments are made.

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. Payments under operating lease contracts are expensed through the profit and loss account in the period in which payments are made.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	21		20

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	79,931	74,915	293,287	42,059	490,192
Additions	7,874	5,439	-	1,125	14,438
Disposals	-	-	(36,410)	-	(36,410)
At 31 March 26	87,805	80,354	256,877	43,184	468,220
Depreciation and impairment
At 01 April 25	3,310	17,536	129,953	22,710	173,509
Charge for year	-	61,613	-	-	61,613
On disposals	-	-	(30,633)	-	(30,633)
At 31 March 26	3,310	79,149	99,320	22,710	204,489
Net book value
At 31 March 26	84,495	1,205	157,557	20,474	263,731
At 31 March 25	76,621	57,379	163,334	19,349	316,683

4.	Stocks

	2026	2025
	£	£
Other stocks	155,543	93,881
Total	155,543	93,881

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	321,788	372,033
Bank borrowings and overdrafts	160,701	188,986
Taxation and social security	10,842	12,344
Finance lease and HP contracts	36,157	36,157
Accrued liabilities and deferred income	18,684	9,149
Total	548,172	618,669


	Bank borrowings and overdrafts include a loan of £9,167 (2025: £19,167) secured by a floating charge over the assets of the company of which £9,167 is due within one year. The company also operates an invoice financing facility secured by a floating charge over the assets of the company. The balance outstanding on the account at the year end was £151,534 (2025: £178,986) the whole of which is due within one year.

Bank borrowings and overdrafts include a loan of £9,167 (2025: £19,167) secured by a floating charge over the assets of the company of which £9,167 is due within one year.

The company also operates an invoice financing facility secured by a floating charge over the assets of the company. The balance outstanding on the account at the year end was £151,534 (2025: £178,986) the whole of which is due within one year.

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	9,167
Other creditors	556,422	302,775
Total	556,422	311,942

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	93,775		129,932

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	-	13,194
Total	-	13,194

9.	Operating lease commitments
	At 31 March 2026, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £356,392