IRIS Accounts Production v25.1.4.42 SC217881 director 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2178812023-06-30SC2178812024-06-30SC2178812023-07-012024-06-30SC2178812022-06-30SC2178812022-07-012023-06-30SC2178812023-06-30SC217881ns15:Scotland2023-07-012024-06-30SC217881ns14:PoundSterling2023-07-012024-06-30SC217881ns10:Director12023-07-012024-06-30SC217881ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC217881ns10:SmallEntities2023-07-012024-06-30SC217881ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC217881ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC217881ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC217881ns10:FullAccounts2023-07-012024-06-30SC21788112023-07-012024-06-30SC217881ns10:OrdinaryShareClass12023-07-012024-06-30SC217881ns10:RegisteredOffice2023-07-012024-06-30SC217881ns5:CurrentFinancialInstruments2024-06-30SC217881ns5:CurrentFinancialInstruments2023-06-30SC217881ns5:Non-currentFinancialInstruments2024-06-30SC217881ns5:Non-currentFinancialInstruments2023-06-30SC217881ns5:ShareCapital2024-06-30SC217881ns5:ShareCapital2023-06-30SC217881ns5:RetainedEarningsAccumulatedLosses2024-06-30SC217881ns5:RetainedEarningsAccumulatedLosses2023-06-30SC217881ns5:NetGoodwill2023-07-012024-06-30SC217881ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30SC217881ns5:LeaseholdImprovements2023-07-012024-06-30SC217881ns5:PlantMachinery2023-07-012024-06-30SC217881ns5:MotorVehicles2023-07-012024-06-30SC217881ns5:ComputerEquipment2023-07-012024-06-30SC217881ns5:NetGoodwill2023-06-30SC217881ns5:NetGoodwill2024-06-30SC217881ns5:NetGoodwill2023-06-30SC217881ns5:LandBuildings2023-06-30SC217881ns5:LeaseholdImprovements2023-06-30SC217881ns5:PlantMachinery2023-06-30SC217881ns5:LandBuildings2023-07-012024-06-30SC217881ns5:LandBuildings2024-06-30SC217881ns5:LeaseholdImprovements2024-06-30SC217881ns5:PlantMachinery2024-06-30SC217881ns5:LandBuildings2023-06-30SC217881ns5:LeaseholdImprovements2023-06-30SC217881ns5:PlantMachinery2023-06-30SC217881ns5:MotorVehicles2023-06-30SC217881ns5:ComputerEquipment2023-06-30SC217881ns5:MotorVehicles2024-06-30SC217881ns5:ComputerEquipment2024-06-30SC217881ns5:MotorVehicles2023-06-30SC217881ns5:ComputerEquipment2023-06-30SC217881ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC217881ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC217881ns5:Non-currentFinancialInstruments2023-07-012024-06-30SC217881ns10:OrdinaryShareClass12024-06-30SC217881ns5:RetainedEarningsAccumulatedLosses2023-06-30SC217881ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: SC217881 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GILARDI BAKERS LTD.

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GILARDI BAKERS LTD.

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: U Gilardi



REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KA7 2AY



REGISTERED NUMBER: SC217881 (Scotland)



ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY



BANKERS: The Royal Bank of Scotland
30 Sandgate
Ayr
Ayrshire
KA7 1BY

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 264,730 267,551
264,730 267,551

CURRENT ASSETS
Stocks 3,485 3,485
Debtors 6 90,086 76,818
Cash at bank and in hand 158,788 103,368
252,359 183,671
CREDITORS
Amounts falling due within one year 7 243,736 154,206
NET CURRENT ASSETS 8,623 29,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,353

297,016

CREDITORS
Amounts falling due after more than one
year

8

(26,656

)

(28,214

)

PROVISIONS FOR LIABILITIES (47,149 ) (36,238 )
NET ASSETS 199,548 232,564

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 199,448 232,464
SHAREHOLDERS' FUNDS 199,548 232,564

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 June 2025 and were signed by:





U Gilardi - Director


GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Gilardi Bakers Ltd. 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Stock Valuation
The Company assesses the carrying value of stock on at least an annual basis, taking into consideration when each item was purchased and the Company's ability to sell that particular item. Where it is considered the net realisable value of stock hasvfallen below its' original cost, a provision is made by Management against the stock value in the financial statements.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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 0, is being amortised evenly over its estimated useful life of nil 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.

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 12 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 8% 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.

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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.

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.

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 75 (2023 - 65 ) .

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 70,000
AMORTISATION
At 1 July 2023
and 30 June 2024 70,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 72,988 66,961 331,753
Additions - - 6,559
At 30 June 2024 72,988 66,961 338,312
DEPRECIATION
At 1 July 2023 - 10,407 258,830
Charge for year - 1,339 11,922
At 30 June 2024 - 11,746 270,752
NET BOOK VALUE
At 30 June 2024 72,988 55,215 67,560
At 30 June 2023 72,988 56,554 72,923

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 209,196 30,381 711,279
Additions 26,800 963 34,322
At 30 June 2024 235,996 31,344 745,601
DEPRECIATION
At 1 July 2023 145,239 29,252 443,728
Charge for year 22,689 1,193 37,143
At 30 June 2024 167,928 30,445 480,871
NET BOOK VALUE
At 30 June 2024 68,068 899 264,730
At 30 June 2023 63,957 1,129 267,551

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,300 69,413
Other debtors 26,786 7,405
90,086 76,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,176 15,606
Trade creditors 152,695 57,598
Taxation and social security 51,688 64,437
Other creditors 16,177 6,565
243,736 154,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,739 17,807
Hire purchase contracts 18,917 10,407
26,656 28,214

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

GILARDI BAKERS LTD. (REGISTERED NUMBER: SC217881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 232,464
Profit for the year 38,484
Dividends (71,500 )
At 30 June 2024 199,448

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year 1,464 33,572
Amounts advanced 109,668 38,644
Amounts repaid (111,280 ) (70,752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (148 ) 1,464