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REGISTERED NUMBER: SC192831 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S R & E BARRON (DYCE) LIMITED

S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S R & E BARRON (DYCE) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S C Barron
Mrs S M Paterson





REGISTERED OFFICE: 119 Victoria Street
Dyce
Aberdeen
AB21 7BJ





REGISTERED NUMBER: SC192831 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 733,088 753,033
Investment property 6 605,000 605,000
1,338,088 1,358,033

CURRENT ASSETS
Stocks 482,082 458,978
Debtors 7 10,082 4,057
Cash at bank and in hand 25,335 43,067
517,499 506,102
CREDITORS
Amounts falling due within one year 8 189,341 188,957
NET CURRENT ASSETS 328,158 317,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,246

1,675,178

CREDITORS
Amounts falling due after more than one year 9 (11,763 ) (19,541 )

PROVISIONS FOR LIABILITIES (8,852 ) (11,166 )
NET ASSETS 1,645,631 1,644,471

S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Balance Sheet - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 203 203
Share premium 529,998 529,998
Revaluation reserve 10 441,485 441,485
Retained earnings 673,945 672,785
SHAREHOLDERS' FUNDS 1,645,631 1,644,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 November 2024 and were signed on its behalf by:





Mr S C Barron - Director


S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

S R & E Barron (Dyce) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 324,490
AMORTISATION
At 1 April 2023
and 31 March 2024 324,490
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 788,370 256,142 1,044,512
Additions - 3,993 3,993
Disposals - (140,830 ) (140,830 )
At 31 March 2024 788,370 119,305 907,675
DEPRECIATION
At 1 April 2023 105,000 186,479 291,479
Charge for year 7,500 9,420 16,920
Eliminated on disposal - (133,812 ) (133,812 )
At 31 March 2024 112,500 62,087 174,587
NET BOOK VALUE
At 31 March 2024 675,870 57,218 733,088
At 31 March 2023 683,370 69,663 753,033

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 605,000
NET BOOK VALUE
At 31 March 2024 605,000
At 31 March 2023 605,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,754 2,978
Other debtors 1,328 1,079
10,082 4,057

S R & E BARRON (DYCE) LIMITED (REGISTERED NUMBER: SC192831)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 45,673 46,453
Trade creditors 56,844 62,842
Taxation and social security 13,737 7,644
Other creditors 73,087 72,018
189,341 188,957

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,763 19,541

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 441,485