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REGISTERED NUMBER: SC303338 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JOHN G BAIRD LIMITED

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN G BAIRD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J S Baird
Mrs E M Baird
Mrs J L Bruce





SECRETARY: Mrs J L Bruce





REGISTERED OFFICE: 49 North Street
Peterhead
Aberdeenshire
AB42 1JY





REGISTERED NUMBER: SC303338 (Scotland)

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 76,596 74,588
Investment property 6 280,640 280,640
357,236 355,228

CURRENT ASSETS
Stocks 274,784 227,145
Debtors 7 84,766 77,743
Cash at bank 3,784 7,451
363,334 312,339
CREDITORS
Amounts falling due within one year 8 423,629 376,587
NET CURRENT LIABILITIES (60,295 ) (64,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,941

290,980

CREDITORS
Amounts falling due after more than one
year

9

(199,400

)

(207,815

)

PROVISIONS FOR LIABILITIES (6,294 ) (5,386 )
NET ASSETS 91,247 77,779

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 90,947 77,479
SHAREHOLDERS' FUNDS 91,247 77,779

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

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

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Mrs J L Bruce - Director


JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

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

1. STATUTORY INFORMATION

John G Baird 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Plant and machinery etc - 25% on cost and 20% on cost

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.


JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

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

3. ACCOUNTING POLICIES - continued
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.

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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 351,941
Additions 51,395
Disposals (20,310 )
At 31 August 2024 383,026
DEPRECIATION
At 1 September 2023 277,353
Charge for year 49,387
Eliminated on disposal (20,310 )
At 31 August 2024 306,430
NET BOOK VALUE
At 31 August 2024 76,596
At 31 August 2023 74,588

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 183,563
Additions 50,568
Transfer to ownership (42,577 )
At 31 August 2024 191,554
DEPRECIATION
At 1 September 2023 111,704
Charge for year 47,888
At 31 August 2024 159,592
NET BOOK VALUE
At 31 August 2024 31,962
At 31 August 2023 71,859

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 280,640
NET BOOK VALUE
At 31 August 2024 280,640
At 31 August 2023 280,640

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,540 64,698
Other debtors 3,226 13,045
84,766 77,743

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,772 131,334
Hire purchase contracts 30,937 31,595
Trade creditors 108,169 61,011
Taxation and social security 184,774 103,620
Other creditors 38,977 49,027
423,629 376,587

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 144,762 161,024
Hire purchase contracts 54,638 46,791
199,400 207,815

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,262 93,524

JOHN G BAIRD LIMITED (REGISTERED NUMBER: SC303338)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 60,772 131,334
Bank loans 144,762 161,024
Hire purchase contracts 85,575 78,386
291,109 370,744

The bank loans are secured over the land and properties owned by the company. The bank overdraft is secured by a bond and floating charge over the assets of the company. The hire purchase loans are secured over the assets to which the finance relates to.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of the fact that they own all the issued share capital between them.