JANDS FEEDS MANUFACTURING LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

JANDS FEEDS MANUFACTURING LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC347149 . The registered office is Nethermuir Farm, New Road, Bathgate, West Lothian, EH48 4LF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	20% on cost
Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	20% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

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JANDS FEEDS MANUFACTURING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	162,769	104,324	139,640	2,156	408,889
Additions	-	-	23,000	-	23,000

As at 31 December 2025	162,769	104,324	162,640	2,156	431,889

Depreciation
As at 1 January 2025	162,769	89,274	24,308	2,025	278,376
Provided during the period	-	3,009	34,104	28	37,141

As at 31 December 2025	162,769	92,283	58,412	2,053	315,517

Net Book Value
As at 31 December 2025	-	12,041	104,228	103	116,372

As at 1 January 2025	-	15,050	115,332	131	130,513

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	86,006	114,674

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JANDS FEEDS MANUFACTURING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Stocks

	2025	2024
	£	£
Stock	216	2,697

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,190	6,272
Prepayments and accrued income	-	153
VAT	-	12,975
Amounts owed by other participating interests	79,000	6,300

	93,190	25,700

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,480	16,480
Trade creditors	18,826	4,058
Other taxes and social security	11,152	5,300
VAT	3,600	-
Accruals and deferred income	-	39,862

	50,058	65,700

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	42,573	59,053

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	16,480	16,480
Later than one year and not later than five years	42,573	59,053

	59,053	75,533

	59,053	75,533

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

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JANDS FEEDS MANUFACTURING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions

Blacks Haulage Solutions Ltd (SC233251)

Blacks Haulage Solutions Ltd is a company in which one director of JANDS Feeds Manufacturing Ltd holds 100% of the shareholding. Both directors of JANDS Feeds Manufacturing Ltd are also directors of Blacks Haulage Solutions Ltd.

Within debtors less than 1 year is a loan with a balance of £79,000 at the year end. No interest is being charged on this loan and no repayment terms are in place.

Within accrued expenses is a balance of £Nil (2024 - £37,584) due to Blacks Haulage Solutions Ltd. This was for

rechargeable expenses which were not invoiced during the year. There is no such accrual required in 2025.

SB Fuels Ltd (SC777533)

SB Fuels Ltd is a company which is currently in liquidation. It is a company in which both directors of JANDS Feeds Manufacturing Ltd are also directors of and each holds 50% of the shareholding of the company.

At the year end a balance of £6,300 was due to the company from SB Fuels Ltd. The liquidator has confirmed that it is unlikely that any creditors will receive a distribution once the liquidation is complete. On this basis, the balance has been written off and is shown as £Nil in these financial statements.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,372		130,513

			116,372		130,513
CURRENT ASSETS
Stocks	5	216		2,697
Debtors	6	93,190		25,700
Cash at bank and in hand		35,957		116,639

		129,363		145,036
Creditors: Amounts Falling Due Within One Year	7	(50,058 )		(65,700 )

NET CURRENT ASSETS (LIABILITIES)			79,305		79,336

TOTAL ASSETS LESS CURRENT LIABILITIES			195,677		209,849

Creditors: Amounts Falling Due After More Than One Year	8		(42,573 )		(59,053 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,093 )		(24,798 )

NET ASSETS			124,011		125,998

CAPITAL AND RESERVES
Called up share capital	10		50,000		50,000
Income Statement			74,011		75,998

SHAREHOLDERS' FUNDS			124,011		125,998