REGISTERED NUMBER: SC616306 (Scotland)

Leslie Farm Services Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

C G Leslie

Mrs C F Leslie

Registered office:

4 The Courtyard

Haddington

EH41 4LS

Registered number:

SC616306 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

345,472

388,318

Current assets

Debtors

5

109,531

114,260

Investments

6

250

250

Cash at bank

-

8,733

109,781

123,243

Creditors

Amounts falling due within one year

7

106,083

147,602

Net current assets/(liabilities)

3,698

(24,359

)

Total assets less current liabilities

349,170

363,959

Creditors

Amounts falling due after more than one year

8

(37,379

)

(87,545

)

Provisions for liabilities

(65,640

)

(63,109

)

Net assets

246,151

213,305

Capital and reserves

Called up share capital

2

2

Retained earnings

246,149

213,303

246,151

213,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2026 and were signed on its behalf by:

C G Leslie - Director

1.	Statutory information

Leslie Farm Services 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Tractors and combines

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts, bank loans and directors' loans.

Hire purchase contracts and bank loans are initially measured at the present value of future payments, discounted at the market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Investments

Current asset investments are at the lower of cost and net realisable value.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and they have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Tractors

Plant and

and

Motor

machinery

combines

vehicles

Totals

£

£

£

£

Cost

At 1st January 2025

259,082

309,911

27,750

596,743

Additions

7,500

-

-

7,500

At 31st December 2025

266,582

309,911

27,750

604,243

Depreciation

At 1st January 2025

93,398

106,789

8,238

208,425

Charge for year

25,156

20,312

4,878

50,346

At 31st December 2025

118,554

127,101

13,116

258,771

Net book value

At 31st December 2025

148,028

182,810

14,634

345,472

At 31st December 2024

165,684

203,122

19,512

388,318

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

71,836

107,128

Other debtors

37,695

7,132

109,531

114,260

6.	Current asset investments

2025

2024

£

£

Unlisted investments

250

250

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

17,342

7,500

Hire purchase contracts

45,363

78,984

Trade creditors

31,489

49,196

Taxation and social security

10,889

10,922

Other creditors

1,000

1,000

106,083

147,602

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

3,125

Hire purchase contracts

37,379

84,420

37,379

87,545

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

82,742

163,404

Hire purchase contracts are secured against the assets to which they relate.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31st December 2025 and year ended 31st December 2024:

2025

2024

£

£

Directors

Balance outstanding at start of year

1,295

22,110

Amounts advanced

33,143

10,691

Amounts repaid

(2,570

)

(31,506

)

Balance outstanding at end of year

31,868

1,295

These loans are unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.

11.	Post balance sheet events

Since the year end, on 14 September 2026, a final dividend for the year ended 31 December 2025 of 16,000 per share has been declared.