REGISTERED NUMBER: SC230625 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

J. Orr & Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Orr

D R S Orr

SECRETARY:

Mrs A R Orr

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC230625 (Scotland)

ACCOUNTANTS:

McLay, McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

1,540,665

1,530,522

CURRENT ASSETS

Stocks

437,300

348,775

Debtors

5

311,061

289,369

Cash at bank

143,624

159,298

891,985

797,442

CREDITORS

Amounts falling due within one year

6

(480,067

)

(542,354

)

NET CURRENT ASSETS

411,918

255,088

TOTAL ASSETS LESS CURRENT LIABILITIES

1,952,583

1,785,610

CREDITORS

Amounts falling due after more than one year

7

(21,250

)

(21,250

)

PROVISIONS FOR LIABILITIES

(61,044

)

(59,424

)

NET ASSETS

1,870,289

1,704,936

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

793,509

793,509

Retained earnings

1,076,779

911,426

SHAREHOLDERS' FUNDS

1,870,289

1,704,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Comprehensive Income has not been delivered.

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

J Orr - Director

1.	STATUTORY INFORMATION

J. Orr & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.

Plant and machinery etc

-

20% on cost and 10% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

No depreciation has been provided on buildings during the year on the grounds that the charge would be immaterial.

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.

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.

Hire purchase

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful life.

The interest element of these obligations are charged to the profit or loss over the relevant period. The capital element of the future payments are treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,337,818

1,081,808

2,419,626

Additions

-

96,941

96,941

Disposals

-

(11,000

)

(11,000

)

At 31 March 2025

1,337,818

1,167,749

2,505,567

DEPRECIATION

At 1 April 2024

-

889,104

889,104

Charge for year

-

86,798

86,798

Eliminated on disposal

-

(11,000

)

(11,000

)

At 31 March 2025

-

964,902

964,902

NET BOOK VALUE

At 31 March 2025

1,337,818

202,847

1,540,665

At 31 March 2024

1,337,818

192,704

1,530,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

161,128

148,385

Amounts owed by group undertakings

119,460

116,119

Other debtors

30,473

24,865

311,061

289,369

Amounts owed by group undertakings are unlikely to be received within one year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

-

17,424

Trade creditors

30,955

66,012

Taxation and social security

56,276

62,036

Other creditors

392,836

396,882

480,067

542,354

The Directors loans are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

21,250

21,250

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

-

17,424

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

-

17,424

The bank loan and overdraft are secured by a standard security over Randerston Farm, Kingsbarns and Land at Thirdpart, Crail. Hire purchase contracts are secured over the assets to which they relate.

10.	RELATED PARTY DISCLOSURES

The movements are as follows:

At 1 April

Advanced in period

Withdrawn

At 31 March 2024

Directors' current accounts

67,721

402

5,747

62,376

Family loan account

317,161

317,161

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Orr.