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REGISTERED NUMBER: SC029445 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J. & G. CAMPBELL LIMITED

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


J. & G. CAMPBELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr T G Dun
Mrs G E Dun





SECRETARY: Mr T G Dun





REGISTERED OFFICE: Main Street
Oxton
Berwickshire
TD2 6PN





REGISTERED NUMBER: SC029445 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J. & G. CAMPBELL 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. & G. Campbell Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J. & G. Campbell Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. & G. Campbell Limited and state those matters that we have agreed to state to the Board of Directors of J. & G. Campbell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. & G. Campbell Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. & G. Campbell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. & G. Campbell Limited. You consider that J. & G. Campbell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. & G. Campbell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


18 March 2025

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 858,731 778,426

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 5 64,519 98,988
Cash at bank and in hand 5,473 530
78,992 108,518
CREDITORS
Amounts falling due within one year 6 362,208 387,815
NET CURRENT LIABILITIES (283,216 ) (279,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,515

499,129

CREDITORS
Amounts falling due after more than one
year

7

(132,643

)

(62,757

)

PROVISIONS FOR LIABILITIES (120,553 ) (103,664 )
NET ASSETS 322,319 332,708

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 24,964 24,964
Revaluation reserve 9 255,082 255,082
Retained earnings 32,273 42,662
SHAREHOLDERS' FUNDS 322,319 332,708

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mrs G E Dun - Director


J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
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.
Freehold property - 2 % on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates 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 Profit and Loss Account, 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 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
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.

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 329,223 32,752 12,740 1,454,270 1,828,985
Additions - 17,500 - 232,209 249,709
Disposals (2,000 ) - - (183,033 ) (185,033 )
At 31 December 2024 327,223 50,252 12,740 1,503,446 1,893,661
DEPRECIATION
At 1 January 2024 96,397 27,811 12,607 913,744 1,050,559
Charge for year 6,585 1,839 33 153,820 162,277
Eliminated on disposal - - - (177,906 ) (177,906 )
At 31 December 2024 102,982 29,650 12,640 889,658 1,034,930
NET BOOK VALUE
At 31 December 2024 224,241 20,602 100 613,788 858,731
At 31 December 2023 232,826 4,941 133 540,526 778,426

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2014 208,238 - - - 208,238
Cost 118,985 50,252 12,740 1,503,446 1,685,423
327,223 50,252 12,740 1,503,446 1,893,661

If freehold property had not been revalued it would have been included at the following historical cost:

31/12/24 31/12/23
£    £   
Cost 120,985 120,985
Aggregate depreciation 34,061 34,061

Freehold property was valued on an open market basis on 21 August 2013 by D M Hall LLP .

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 January 2024 645,232
Additions 232,210
Transfer to ownership (471,232 )
At 31 December 2024 406,210
DEPRECIATION
At 1 January 2024 280,149
Charge for year 33,725
At 31 December 2024 313,874
NET BOOK VALUE
At 31 December 2024 92,336
At 31 December 2023 365,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 62,247 78,002
Other debtors 2,272 20,986
64,519 98,988

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 10,000 52,148
Hire purchase contracts 121,626 89,734
Trade creditors 31,995 32,431
Taxation and social security 7,791 28,537
Other creditors 190,796 184,965
362,208 387,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 5,000 15,000
Hire purchase contracts 127,643 47,757
132,643 62,757

J. & G. CAMPBELL LIMITED (REGISTERED NUMBER: SC029445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank overdraft - 42,148
Bank loans 15,000 25,000
15,000 67,148

The Bank Of Scotland have a bond and floating charge over all sums due or to become due to them from the Company. The security particluars include the undertaking and all property and assets present and future of the Company including uncalled capital.

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 255,082