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REGISTERED NUMBER: SC738539 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Bard Scotland Limited

Bard Scotland Limited (Registered number: SC738539)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bard Scotland Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H G E T Macdonald
J O Stevens





REGISTERED OFFICE: 1 Customs Wharf
Edinburgh
EH6 6AL





REGISTERED NUMBER: SC738539 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Bard Scotland Limited (Registered number: SC738539)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,603 39,593
Tangible assets 5 5,385 -
28,988 39,593

CURRENT ASSETS
Stocks 74,277 80,116
Debtors 6 5,097 3,947
Cash at bank 18,607 12,709
97,981 96,772
CREDITORS
Amounts falling due within one year 7 181,805 227,577
NET CURRENT LIABILITIES (83,824 ) (130,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,836

)

(91,212

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (54,838 ) (91,214 )
(54,836 ) (91,212 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 November 2024 and were signed on its behalf by:



J O Stevens - Director



H G E T Macdonald - Director


Bard Scotland Limited (Registered number: SC738539)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Bard Scotland 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.

Going concern
The directors acknowledge the net liability position of the company at the balance sheet date. The directors have made funds available to the company in order to support it in meeting its debts as they fall due. They have confirmed their ability and willingness to continue to do so for the foreseeable future.

The directors have considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all information available to them, believe it is appropriate to prepare the financial statements on a going concern basis.

Reporting period
The company was incorporated on 18 July 2022. The directors decided that the most suitable financial year end for business purposes would be 31 July, the first reporting period covered the period 18 July 2022 - 31 July 2023 (13 month period). This current reporting period covers 1 August 2023 - 31 July 2024 (12 month period). The effect on these financial statements means that the comparative amounts are not entirely comparable.

Going forward the reporting period will continue to cover 1 August - 31 July.

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

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

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 statement of financial position date.


Bard Scotland Limited (Registered number: SC738539)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 statement of financial position 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised cost using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors receivable within one year typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
Trademarks costs Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 2,910 47,575 50,485
AMORTISATION
At 1 August 2023 195 10,697 10,892
Amortisation for year 291 15,699 15,990
At 31 July 2024 486 26,396 26,882
NET BOOK VALUE
At 31 July 2024 2,424 21,179 23,603
At 31 July 2023 2,715 36,878 39,593

Bard Scotland Limited (Registered number: SC738539)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 6,200
At 31 July 2024 6,200
DEPRECIATION
Charge for year 815
At 31 July 2024 815
NET BOOK VALUE
At 31 July 2024 5,385

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 2,733 1,583
Prepayments and accrued income 734 734
3,467 2,317

Amounts falling due after more than one year:
Other debtors 1,630 1,630

Aggregate amounts 5,097 3,947

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,229 3,104
VAT 4,098 2,315
Other creditors 1,670 600
Directors' current accounts 171,978 220,740
Accruals and deferred income 830 818
181,805 227,577

The director's loans to the company are unsecured, interest free and repayable on demand.