REGISTERED NUMBER: SC343419 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Byron Bakery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

9

DIRECTORS:

F G Clarkson

Mrs L A Mason

SECRETARY:

F G Clarkson

REGISTERED OFFICE:

11 Byron Square

ABERDEEN

AB16 7LL

REGISTERED NUMBER:

SC343419 (Scotland)

ACCOUNTANTS:

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

FIXED ASSETS

Intangible assets

4

-

11,500

Tangible assets

5

146,836

519,031

Investments

6

40

40

146,876

530,571

CURRENT ASSETS

Stocks

7

5,400

10,599

Debtors

8

97,003

109,728

Cash at bank and in hand

194,807

134,693

297,210

255,020

CREDITORS

Amounts falling due within one year

9

(90,990

)

(89,703

)

NET CURRENT ASSETS

206,220

165,317

TOTAL ASSETS LESS CURRENT LIABILITIES

353,096

695,888

CREDITORS

Amounts falling due after more than one year

10

(202,667

)

(498,976

)

PROVISIONS FOR LIABILITIES

12

(17,046

)

(60,157

)

NET ASSETS

133,383

136,755

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

133,381

136,753

SHAREHOLDERS' FUNDS

133,383

136,755

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.

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 23 September 2025 and were signed on its behalf by:

F G Clarkson - Director

Mrs L A Mason - Director

1.	STATUTORY INFORMATION

Byron Bakery 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.

Turnover

Turnover represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.

Property

-

2% on cost

Improvements to property

-

10% on reducing balance

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 26 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

135,000

Disposals

(15,000

)

At 31 December 2024

120,000

AMORTISATION

At 1 January 2024

123,500

Eliminated on disposal

(3,500

)

At 31 December 2024

120,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

11,500

5.	TANGIBLE FIXED ASSETS

Improvements

to

Property

property

Equipment

£

£

£

COST

At 1 January 2024

253,870

89,350

324,619

Additions

-

-

2,720

Disposals

(153,870

)

(74,197

)

(263,500

)

At 31 December 2024

100,000

15,153

63,839

DEPRECIATION

At 1 January 2024

35,295

26,946

124,920

Charge for year

2,000

798

3,902

Eliminated on disposal

(8,295

)

(19,766

)

(87,082

)

At 31 December 2024

29,000

7,978

41,740

NET BOOK VALUE

At 31 December 2024

71,000

7,175

22,099

At 31 December 2023

218,575

62,404

199,699

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

11,533

52,330

14,848

746,550

Additions

190

30,000

-

32,910

Disposals

(10,978

)

-

-

(502,545

)

At 31 December 2024

745

82,330

14,848

276,915

DEPRECIATION

At 1 January 2024

4,171

25,744

10,443

227,519

Charge for year

63

14,146

634

21,543

Eliminated on disposal

(3,840

)

-

-

(118,983

)

At 31 December 2024

394

39,890

11,077

130,079

NET BOOK VALUE

At 31 December 2024

351

42,440

3,771

146,836

At 31 December 2023

7,362

26,586

4,405

519,031

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

40

NET BOOK VALUE

At 31 December 2024

40

At 31 December 2023

40

7.

STOCKS

31.12.24

31.12.23

£

£

Stocks

5,400

10,599

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

38,949

29,721

Other debtors

53,903

75,683

VAT

3,318

2,822

Prepayments

833

1,502

97,003

109,728

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

8,128

9,225

Trade creditors

46,780

28,418

PAYE

12,476

18,360

Other creditors

703

1,857

Net salary clearing account

8,018

-

Accrued expenses

14,885

31,843

90,990

89,703

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

1,359

9,487

Other creditors

201,308

489,489

202,667

498,976

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

8,128

9,225

Between one and five years

1,359

9,487

9,487

18,712

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

-

2,500

Between one and five years

-

7,500

-

10,000

12.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

17,046

60,157

Deferred

tax

£

Balance at 1 January 2024

60,157

Movement during the year

(43,111

)

Balance at 31 December 2024

17,046

13.	RELATED PARTY DISCLOSURES

Beecatcher PTE Ltd owns 100% of the ordinary shares in Byron Bakery. Robert Kidd holds 100% of the beneficial shares of Beecatcher PTE Ltd.

There was no movement in the loan from Byron Bakery Ltd to Beecatcher PTE Ltd during the year. The balance in 2024 and 2023 was £53,903 and this loan is unsecured, interest free and repayable on demand.

During the year A&E Investments Ltd decreased the amount loaned to Byron Bakery Ltd by £288,181, leaving a balance of £201,308 (2023 £489,489). A&E Investments Ltd is also owned by Robert Kidd.

14.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

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 Byron Bakery Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Byron Bakery Ltd, 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 Byron Bakery Ltd and state those matters that we have agreed to state to the Board of Directors of Byron Bakery Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Byron Bakery Ltd 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 loss of Byron Bakery Ltd. You consider that Byron Bakery Ltd 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 Byron Bakery Ltd. 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.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

23 September 2025