Findlater's Fine Foods of Linlithgow Limited 31/03/2026 iXBRL

Company registration number: SC249442

Findlater's Fine Foods of Linlithgow Limited

Unaudited filleted financial statements

31 March 2026

Findlater's Fine Foods of Linlithgow Limited

Contents

Statement of financial position

Notes to the financial statements

Findlater's Fine Foods of Linlithgow Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,578,410		1,649,622
Investments	6	50		50
		_______		_______
			1,578,460		1,649,672

Current assets
Stocks		554,998		376,139
Debtors	7	522,241		454,530
Cash at bank and in hand		68,127		119,289
		_______		_______
		1,145,366		949,958
Creditors: amounts falling due
within one year	8	( 880,603)		( 713,969)
		_______		_______
Net current assets			264,763		235,989
			_______		_______
Total assets less current liabilities			1,843,223		1,885,661

Creditors: amounts falling due
after more than one year	9		( 455,243)		( 642,926)

Provisions for liabilities			( 150,311)		( 149,806)

			_______		_______
Net assets			1,237,669		1,092,929
			_______		_______

Capital and reserves
Called up share capital			10,000		10,000
Revaluation reserve			21,611		21,611
Profit and loss account			1,206,058		1,061,318
			_______		_______
Shareholders funds			1,237,669		1,092,929
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 September 2026 , and are signed on behalf of the board by:

Martin F Henderson

Director

Company registration number: SC249442

Findlater's Fine Foods of Linlithgow Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Units 28-30 Block H E-Net Park, Mill Road Industrial Estate, Linlithgow, West Lothian, EH49 7DA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20.00 %	reducing balance
Fittings fixtures and equipment	-	20.00 %	reducing balance
Motor vehicles	-	25.00 %	straight line
Computer Equipment	-	33.3 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2025: 28 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer Equipment	Total
	£	£	£	£	£	£
Cost
At 1 April 2025	1,046,297	1,085,266	257,471	168,262	31,005	2,588,301
Additions	77,013	172,153	-	-	-	249,166
Disposals	-	-	-	( 8,000)	-	( 8,000)
Other movements	( 150,000)	-	-	-	-	( 150,000)
	_______	_______	_______	_______	_______	_______
At 31 March 2026	973,310	1,257,419	257,471	160,262	31,005	2,679,467
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	641,775	224,279	47,479	25,146	938,679
Charge for the year	-	123,129	6,638	35,207	3,904	168,878
Disposals	-	-	-	( 6,500)	-	( 6,500)
	_______	_______	_______	_______	_______	_______
At 31 March 2026	-	764,904	230,917	76,186	29,050	1,101,057
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	973,310	492,515	26,554	84,076	1,955	1,578,410
	_______	_______	_______	_______	_______	_______
At 31 March 2025	1,046,297	443,491	33,192	120,783	5,859	1,649,622
	_______	_______	_______	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	50	50
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	50	50
	_______	_______
At 31 March 2025	50	50
	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	424,728	290,676
Other debtors	97,513	163,854
	_______	_______
	522,241	454,530
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	170,764	188,908
Trade creditors	150,896	264,573
Corporation tax	9,071	-
Social security and other taxes	15,006	21,508
Other creditors	534,866	238,980
	_______	_______
	880,603	713,969
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	397,607	569,151
Other creditors	57,636	73,775
	_______	_______
	455,243	642,926
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Martin F Henderson	( 2,164)	( 7,677)	9,708	( 133)
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Martin F Henderson	7,403	( 11,775)	2,208	( 2,164)
		_______	_______	_______	_______

Loans to the company from the director are interest free and repayable on demand. Loans to the director are liable to interest at 2.5% on the average balance outstanding.

11. Related party transactions

The company provided goods and services to Patepate Limited, a company in which one of the directors has a controlling interest. The goods and services amounted to £58,425 (2025 - £58,634). In addition to this Patepate provided the company with services which amounted to £25,000 (2025 - £210,000). As at 31st March the company was due Patepate Limited £200,000 (2025 - £200,000) and Patepate Limited was due the company £8,284 (2025 - £0). The company was provided with services by Linlithgow PC Limited, a company in which one of the directors has a controlling interest. The goods and services amounted to £207,500 (2025 - £285,181). As at 31st March the company was due Linlithgow PC Limited £42,000 (2025 - £134,400). The company was provided with services by Halkett Limited, a company in which one of the directors has a controlling interest. The goods and services amounted to £96,000 (2025 - £53,333). As at 31st March the company was due Halkett Limited £0 (2025 - £0).

12. Controlling party

The Director, Martin F Henderson is considered to be the controlling party.