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Registered number: SC746422
L C Agri (Scotland) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
L C Agri (Scotland) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
M M Armstrong
S G Sloan
D Henderson
REGISTERED OFFICE
Bruntshields Farm
Lochmaben
DG11 1SQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number SC746422
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
L C Agri (Scotland) Limited
ACCOUNTS
FOR THEYEARENDED31/12/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
L C Agri (Scotland) Limited
BALANCE SHEET AT 31/12/2025
20252024
Notes££
FIXED ASSETS
Intangible assets3105,000120,000
Tangible assets4260,777247,855
365,777367,855
CURRENT ASSETS
Stock973,227815,895
Debtors61,113,8181,030,811
Cash at bank and in hand282,853217,871
2,369,8982,064,577
CREDITORS: Amounts falling due within one year71,481,8431,800,585
NET CURRENT ASSETS888,055263,992
TOTAL ASSETS LESS CURRENT LIABILITIES1,253,832631,847
CREDITORS: Amounts falling due after more than one year821,48371,245
PROVISIONS FOR LIABILITIES AND CHARGES1059,22255,610
NET ASSETS1,173,127504,992
CAPITAL AND RESERVES
Called up share capital113030
Profit and loss account1,173,097504,962
SHAREHOLDERS' FUNDS1,173,127504,992
For the year ending 31/12/2025 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/09/2026 and signed on their behalf by
.............................
D Henderson
Director
L C Agri (Scotland) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Equipmentstraight line 33%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising upon the acquisition of a business is capitalised and amortised over its estimated economic life of 10 years.
1f. Leases
Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
L C Agri (Scotland) Limited
2. EMPLOYEES
20252024
No.No.
Average number of employees2118
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2025150,000150,000
At 31/12/2025150,000150,000
Depreciation
At 01/01/202530,00030,000
For the year15,00015,000
At 31/12/202545,00045,000
Net Book Amounts
At 31/12/2025105,000105,000
At 31/12/2024120,000120,000
4. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor VehiclesTotal
££££
Cost
At 01/01/2025112,27910,271244,098366,648
Additions1,90919,63993,425114,973
Disposals-(2,934)(27,968)(30,902)
At 31/12/2025114,18826,976309,555450,719
Depreciation
At 01/01/202540,4213,93874,434118,793
Disposals-(1,210)(12,236)(13,446)
For the year14,7548,00261,83984,595
At 31/12/202555,17510,730124,037189,942
Net Book Amounts
At 31/12/202559,01316,246185,518260,777
At 31/12/202471,8586,333169,664247,855
L C Agri (Scotland) Limited
5. STOCK 20252024
££
Stock comprises:
Stock973,227815,895
973,227815,895
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors1,110,8611,023,095
Prepayments2,9577,716
1,113,8181,030,811
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax240,28930,123
VAT180,925192,763
Other tax and social security creditors23,93223,296
Directors current accounts244,970244,970
Hire purchase49,76249,762
Trade creditors315,945712,920
Other creditors402,893509,602
Accruals23,12737,149
1,481,8431,800,585
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Hire purchase >1yr21,48371,245
21,48371,245
L C Agri (Scotland) Limited
9. SECURED CREDITORS
20252024
££
Amount of other creditors which are secured71,245121,007
Hire purchase creditors are secured on the assets to which the liabilities relate.
10. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation59,22255,610
59,22255,610
11. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
30 Ordinary shares of £1 each3030
3030
12. RELATED PARTY TRANSACTIONS
Total dividends of £45,000 were paid to the directors during the year (2024 - £45,000).
At the balance sheet date total loans of £244,970 were owed to the directors (2024 - £244,970).
13. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in Scotland.
The company's registered number is SC746422.
The company's registered office is Bruntshields Farm, Lochmaben, DG11 1SQ.
14. GUARANTEES AND COMMITMENTS
At the balance sheet date the company has outstanding commitments under operating leases of £53,200.