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REGISTERED NUMBER: SC010111 (Scotland)











Unaudited Financial Statements

for the Period 29th January 2023 to 27th January 2024

for

R. Barbour & Sons. Limited

R. Barbour & Sons. Limited (Registered number: SC010111)






Contents of the Financial Statements
for the Period 29th January 2023 to 27th January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7

Report of the Accountants 8

R. Barbour & Sons. Limited

Company Information
for the Period 29th January 2023 to 27th January 2024







DIRECTORS: T C Barbour
R D Barbour



SECRETARY: T C Barbour



REGISTERED OFFICE: 24/36 Buccleuch Street
Dumfries
DG1 2AL



REGISTERED NUMBER: SC010111 (Scotland)



ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ



BANKERS: The Royal Bank Of Scotland
151 High Street
Dumfries
DG1 2RA



SOLICITORS: Braidwoods
1 Charlotte Street
Dumfries
DG1 2AG

R. Barbour & Sons. Limited (Registered number: SC010111)

Balance Sheet
27th January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 502,893 386,623
Investments 6 326,856 317,662
829,749 704,285

CURRENT ASSETS
Stocks 1,795,068 1,699,772
Debtors 7 162,583 174,564
Cash at bank and in hand 1,563,447 1,713,690
3,521,098 3,588,026
CREDITORS
Amounts falling due within one year 8 (960,760 ) (982,461 )
NET CURRENT ASSETS 2,560,338 2,605,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,390,087

3,309,850

PROVISIONS FOR LIABILITIES (74,989 ) (47,730 )
NET ASSETS 3,315,098 3,262,120

CAPITAL AND RESERVES
Called up share capital 16,946 16,946
Capital redemption reserve 3,896 3,896
Retained earnings 3,294,256 3,241,278
SHAREHOLDERS' FUNDS 3,315,098 3,262,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27th January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27th January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th June 2024 and were signed on its behalf by:



T C Barbour - Director


R. Barbour & Sons. Limited (Registered number: SC010111)

Notes to the Financial Statements
for the Period 29th January 2023 to 27th January 2024

1. STATUTORY INFORMATION

R. Barbour & Sons. Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of sales processed before close of business on the last working day of the year, excluding value added tax. Deposits paid for orders placed before the year end are treated as deferred income rather than turnover. The full sales value of such transactions is accounted for at point of final delivery.

The company exercises its right to run a whole number of weeks within its financial year. As a consequence, each financial year ends at close of business on the Saturday closest to 31st January.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. The assets are reviewed for impairment if there are any factors that indicate the carrying amount may be impaired.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are originally measured at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land - Not depreciated
Freehold buildings - 2% on cost
Plant & machinery etc - 20% on cost and 10% on cost

Amounts written off each asset over the estimated useful life represent cost less residual value. The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end oof each reporting period. The value of freehold land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value on a first in, first out basis, after making due allowance for obsolete and slow moving items. Costs include all direct expenditure.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

R. Barbour & Sons. Limited (Registered number: SC010111)

Notes to the Financial Statements - continued
for the Period 29th January 2023 to 27th January 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at transaction price, net of transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment.

Interest expense is recognised on the basis of the effective interest rate method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probably that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 91 (2023 - 90 ) .

R. Barbour & Sons. Limited (Registered number: SC010111)

Notes to the Financial Statements - continued
for the Period 29th January 2023 to 27th January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 29th January 2023
and 27th January 2024 50,055
AMORTISATION
At 29th January 2023
and 27th January 2024 50,055
NET BOOK VALUE
At 27th January 2024 -
At 28th January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29th January 2023 160,619 3,042,572 3,203,191
Additions - 241,217 241,217
Disposals - (29,495 ) (29,495 )
At 27th January 2024 160,619 3,254,294 3,414,913
DEPRECIATION
At 29th January 2023 137,074 2,679,494 2,816,568
Charge for period 2,946 119,501 122,447
Eliminated on disposal - (26,995 ) (26,995 )
At 27th January 2024 140,020 2,772,000 2,912,020
NET BOOK VALUE
At 27th January 2024 20,599 482,294 502,893
At 28th January 2023 23,545 363,078 386,623


R. Barbour & Sons. Limited (Registered number: SC010111)

Notes to the Financial Statements - continued
for the Period 29th January 2023 to 27th January 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 29th January 2023 322,262
Additions 90,565
Disposals (75,197 )
Revaluations (5,974 )
At 27th January 2024 331,656
PROVISIONS
At 29th January 2023 4,600
Provision for period 200
At 27th January 2024 4,800
NET BOOK VALUE
At 27th January 2024 326,856
At 28th January 2023 317,662

Cost or valuation at 27th January 2024 is represented by:

Other
investments
£   
Valuation in 2020 10,414
Valuation in 2021 25,903
Valuation in 2022 (5,833 )
Valuation in 2023 (27,260 )
Valuation in 2024 794
Cost 327,638
331,656

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,695 110,911
Other debtors 65,888 63,653
162,583 174,564

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 360,174 361,148
Taxation and social security 222,103 242,244
Other creditors 378,483 379,069
960,760 982,461

9. SECURED DEBTS

The Royal Bank of Scotland plc hold a Standard Security over the property at Buccleuch Buildings, Buccleuch Street, Dumfries.

R. Barbour & Sons. Limited (Registered number: SC010111)

Notes to the Financial Statements - continued
for the Period 29th January 2023 to 27th January 2024

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £3,362 (2023 - £3,362) were paid to the directors .

During the year under review the company made sales of £23,851 (2023 - £14,607) to directors. This value is net of discounts allowed.

R. Barbour & Sons. Limited

Report of the Accountants to the Directors of
R. Barbour & Sons. Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 27th January 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


28th June 2024