Company registration number SC265415 (Scotland)
G & A BARNIE GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
G & A BARNIE GROUP LIMITED
COMPANY INFORMATION
Directors
G Barnie
A Barnie
D G McKiddie
R J Barnie
D Barnie
S Barnie
S A Gunn
I D Roe
Secretary
S Barnie
Company number
SC265415
Registered office
16 Carsegate Road South
Carsegate Industrial Estate
Inverness
United Kingdom
IV3 8LL
Auditor
Azets Audit Services
Titanium 1
Kings Inch Place
Renfrew
United Kingdom
PA4 8WF
G & A BARNIE GROUP LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 5
Independent auditor's report
6 - 8
Profit and loss account
9
Balance sheet
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 30
G & A BARNIE GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the strategic report for the year ended 30 April 2025.

G&A Barnie Group Ltd operates from bases in Inverness, Elgin, Fort William, Stornoway, Wick, Aberdeen, Kirkwall, Perth and Livingston providing installation and maintenance services to a large customer base within industrial, commercial and domestic markets in the following disciplines:

Mechanical and Electrical

Plumbing

Gas and Oil Servicing

Building Energy Management Control Systems

Sprinklers and Mist Systems

Fire and Security

CCTV

Door Access

Gates and Barriers

Air Ground Lighting Maintenance

Radar Installations

Renewable Technologies

The company's strategic objectives are to undertake profitable contracts for a diverse customer base utilising the extensive range of disciplines which the company has to offer.

Review of business

GA Barnie Group are proud to celebrate 40 years of business having established in 1985 and look forward to further success in the future. Turnover increased by 12.6% to £52.9 m generating profit after tax of £1.7m which is 3.1% of the turnover. The company was successful in growing its revenue but like most businesses faced the challenge of higher costs and this had an adverse impact on margins. The c ompany continues to deliver a diverse mix of projects across a wide customer base. Succession planning having previously, brought about the implementation of a management board, continues to identify dedicated, skilled individuals who may develop to become future management board members.

Principal risks and uncertainties

Principal risks to the company emanate from competitors securing major works at an uneconomic price. The company continues to submit competitive tenders in accordance with the company's pricing policy with a view to maintaining profitability. In a fragile economy such as the Highlands and Islands which relies on publicly funded projects it is necessary to supplement local projects with contracts further afield. In order to mitigate this risk G&A Barnie Group continue to develop opportunities and deliver projects out with our usual geographic areas of business. Development of energy infrastructures along with Inverness and Cromarty Firth Green Freeport will provide opportunities in the local economy.

Environmental, employee and social matters

The company takes its environmental responsibilities seriously and continues to install renewable technologies in their premises. This has resulted in a significant reduction in consumption of externally generated energies. Diversification of the vehicle fleet into hybrid and electric continues but at a slower pace due to restrictions on payload and distances travelled along with charging infrastructure. G&A Barnie Group fulfill its obligations under ISO14001 Environmental Management standard.

G & A BARNIE GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Employee information

The company issues notices providing information on matters of concern via the employee area of the company's website, this coupled with employee representation enhances communications across the branches; facilitating face to face consultation with concerned groups on significant matters affecting employment.

The introduction of GOALS: a platform by which employee performance can be reviewed and progression planned provides a clear route to promotion. The company continues to retain and develop a skilled workforce to meet market needs; continuing to deliver an extensive apprenticeship and training programmes throughout the company.

The management team meet and review/improve processes which underpin/affect company performance. Managers then involve other employees in varying roles to bring about improvements. From time to time the company gives employees the opportunity to purchase shares in response to demand.

During 2025 the company held an outdoor music festival which provided entertainment for employees and their families in celebration 40 years in business. During the event £8,000 was raised in support of Highland Hospice.

Annually employees are asked to nominate local charities to which the company may make donations. Employees vote and donations are distributed according to the voting result. Employees also organise c ompany charitable fundraising events in support of nominated charities. One such event was a charitable golf day was held in memory of our colleague Mark Livingston which resulted in £10,000 donated to charities chosen by Mark’s family.

Disabled persons

The company gives full and fair consideration to employment applications from disabled persons and fully examines retraining opportunities in the event that an employee becomes disabled and is no longer able to perform their previous function.

S172 statement

The d irectors have acted in a way that they considered to be most likely to promote the success of the company and in doing so had regard to:

a) The likely consequences of any decision in the long term;

b) The interests of the company's employees;

c) The need to foster the company's operations on the community and the environment;

d) The impact of the company's operations on the community and the environment;

e) The desirability of the company maintaining a reputation for high standards of business conduct; and

f) The need to act fairly as between members of the company

The company continues to develop a diverse customer base who require the wide range of services offered both within our geographical location and further afield.

The delivery of which is dependent on the following:-

1. Developing and retaining a highly skilled mobile workforce with the necessary knowledge and abilities to deliver first class product to the highest standards.

2. Sourcing products and services via a robust, reliable supply chain is key to achieving the above strategy.

3. Engendering a relationship with clients where they are confident of the delivery of their project to their satisfaction. Working closely with clients, consultants and all stakeholders to achieve the desired outcome.

These measures are managed to come together forming business relationships which flourish into partnering or one to one arrangements as trust builds. This while reducing emissions and energy consumption through continuing investment in electric/hybrid vehicles and the company’s programme of installing green technologies.

During recent years measures were implemented to plan succession the aim of which was to ensure longevity of the company for years to come. Forward planning means that risk to the company is mitigated through full engagement and commitment of members of the management team; who recognise the impact that decisions made have on reputation and standing when viewed by customers, suppliers, employees, the community and environment agencies.

G & A BARNIE GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

The company engages all interested parties in decision making. High level communications through to on site decisions are arrived at through involvement of stakeholders at all levels.

The company always seeks to make decisions which are beneficial in the long term to itself, employees, customers, community and the environment while sustaining growth. Means of engagement range from formal meetings, daily dialogue, written communication and employee representation and the formation of health and safety action groups located in various branches. The action group is comprised of apprentices, trades persons and managers who communicate to employees across the company. When consulting the entire workforce electronic questionnaires have been used to seek opinion and vote on proposals.

All decisions reached include consideration of the following standards:-

ISO9001

ISO14001

ISO45001

alongside the various regulations covering the full range of disciplines offered by the company.

During the course of management meetings strengths, weaknesses, opportunities and threats are analysed before embarking on a course of action. Reviews of future business currently secured and resource required for the delivery of these projects identifies peaks and dips in productivity. New business

streams are identified and plans are formulated around resource, training requirements and any necessary accreditation. Threats and weaknesses are

reviewed and mitigating measures are put in place.

Community engagement takes the form of charitable donations which are nominated and voted on by employees in each branch; sponsorship and liaising with Barnardos and MOD to provide work experience or indeed employment to individuals wishing to establish a career within the construction industry.

Going forward the company is engaged in several major projects spanning the next five years giving surety of employment. The company continues to grow and expects that trend to continue.

The company provides a fair, equal opportunities environment providing clear career path progression for employees within GOALS framework; whilst rewarding performance with remuneration beyond industry norms and other enhanced terms and conditions.

The decision making process is informed by all these aforementioned factors and is reviewed through the medium of lessons learned forums; where further SWOT analysis takes place. This in turn informs opinion, improves the quality of decisions reached, while providing a sound platform for robust interaction and continuous improvement in the future.

On behalf of the board

S Barnie
Director
16 March 2026
G & A BARNIE GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company continued to be that of providing installation and maintenance services to a large customer base within industrial, commercial and domestic markets.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £1,623,827. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

G Barnie
A Barnie
D G McKiddie
R J Barnie
D Barnie
S Barnie
S A Gunn
I D Roe
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The company policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Future developments

The directors will continue to look to grow turnover and profit through the securing of new contracts.

Energy and carbon report

The company takes its environmental responsibilities seriously and continues to install renewable technologies in their premises, actively seeking to reduce energy consumption; diversifying the vehicle fleet into hybrid and electric, whilst fulfilling its obligations under ISO14001 Environmental Management standard. The company's energy use is disclosed within the group financial statements.

G & A BARNIE GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Auditor

In accordance with section 485 of the Companies Act 2006, a resolution proposing that Azets Audit Services be re-appointed will be put at a General Meeting.

On behalf of the board
S Barnie
Director
16 March 2026
G & A BARNIE GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF G & A BARNIE GROUP LIMITED
- 6 -
Opinion

We have audited the financial statements of G & A Barnie Group Limited (the 'company') for the year ended 30 April 202 5 which comprise the profit and loss account, the balance sheet, the statement of changes in equity, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

G & A BARNIE GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF G & A BARNIE GROUP LIMITED
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the statement of directors' r esponsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

G & A BARNIE GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF G & A BARNIE GROUP LIMITED
- 8 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

James McBride
Senior Statutory Auditor
For and on behalf of Azets Audit Services
16 March 2026
Chartered Accountants
Statutory Auditor
Titanium 1
Kings Inch Place
Renfrew
United Kingdom
PA4 8WF
G & A BARNIE GROUP LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
52,857,684
46,929,377
Cost of sales
(20,882,093)
(18,931,727)
Gross profit
31,975,591
27,997,650
Administrative expenses
(29,713,775)
(25,310,744)
Other operating income
17,549
13,282
Operating profit
4
2,279,365
2,700,188
Interest receivable and similar income
8,383
4,283
Interest payable and similar expenses
8
(99,951)
(52,167)
Profit before taxation
2,187,797
2,652,304
Tax on profit
9
(504,318)
(410,239)
Profit for the financial year
1,683,479
2,242,065

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There is no other comprehensive income in the year or prior year.

The notes on pages 13 to 30 form part of these financial statements.

G & A BARNIE GROUP LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
80,728
51,115
Tangible assets
12
5,246,095
4,342,150
Investments
13
3
3
5,326,826
4,393,268
Current assets
Stocks
15
1,499,019
1,268,170
Debtors
16
15,019,340
12,051,285
Cash at bank and in hand
505,845
1,577,006
17,024,204
14,896,461
Creditors: amounts falling due within one year
17
(10,233,396)
(7,574,777)
Net current assets
6,790,808
7,321,684
Total assets less current liabilities
12,117,634
11,714,952
Creditors: amounts falling due after more than one year
18
(869,825)
(693,583)
Provisions for liabilities
Deferred tax liability
21
737,712
570,923
(737,712)
(570,923)
Net assets
10,510,097
10,450,446
Capital and reserves
Called up share capital
22
480,000
480,000
Capital redemption reserve
23
10,437
10,437
Profit and loss reserves
24
10,019,660
9,960,009
Total equity
10,510,097
10,450,446

The notes on pages 13 to 30 form part of these financial statements.

The financial statements were approved by the board of directors and authorised for issue on 16 March 2026 and are signed on its behalf by:
I D Roe
Director
Company Registration No. SC265415
G & A BARNIE GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 11 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2023
480,000
10,437
7,717,944
8,208,381
Year ended 30 April 2024:
Profit and total comprehensive income
-
-
2,242,065
2,242,065
Balance at 30 April 2024
480,000
10,437
9,960,009
10,450,446
Year ended 30 April 2025:
Profit and total comprehensive income
-
-
1,683,479
1,683,479
Dividends
10
-
-
(1,623,828)
(1,623,828)
Balance at 30 April 2025
480,000
10,437
10,019,660
10,510,097

The notes on pages 13 to 30 form part of these financial statements.

G & A BARNIE GROUP LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
2,510,643
2,573,045
Interest paid
(99,951)
(52,167)
Income taxes paid
(247,134)
(30,402)
Net cash inflow from operating activities
2,163,558
2,490,476
Investing activities
Purchase of intangible assets
(69,931)
(37,002)
Purchase of tangible fixed assets
(788,885)
(1,394,149)
Proceeds from disposal of tangible fixed assets
116,259
27,438
Interest received
8,383
4,283
Net cash used in investing activities
(734,174)
(1,399,430)
Financing activities
Proceeds from new bank loans
-
0
157,500
Repayment of bank loans
(6,409)
-
0
Payment of finance leases obligations
(870,308)
(451,432)
Dividends paid
(1,623,828)
-
0
Net cash used in financing activities
(2,500,545)
(293,932)
Net (decrease)/increase in cash and cash equivalents
(1,071,161)
797,114
Cash and cash equivalents at beginning of year
1,577,006
779,892
Cash and cash equivalents at end of year
505,845
1,577,006
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
1
Accounting policies
Company information

G & A Barnie Group Limited is a private company limited by shares incorporated in Scotland. The registered office is 16 Carsegate Road South, Carsegate Industrial Estate, Inverness, United Kingdom, IV3 8LL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

G & A Barnie Group Limited is a wholly owned subsidiary of G & A Barnie Group Holdings Limited and the results of G & A Barnie Group Limited are included in the consolidated financial statements of G & A Barnie Group Holdings Limited which are available from 16 Carsegate Road South, Carsegate Industrial Estate, Inverness, IV3 8LL.

1.2
Going concern

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

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of installation and maintenance services is recognised by reference to the stage of completion. The company determines the stage of completion of a transaction or contract using surveys of work performed. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 14 -
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
4 years
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
1% straight line
Leasehold land and buildings
Over lease period
Plant and equipment
15% reducing balance
Office equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 15 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at 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.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 16 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 17 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 18 -
1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 19 -
2
Judgements and key sources of estimation uncertainty

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 board are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied as follows:

Stock provision

Stocks are reviewed by the experienced team members, with any provisions being provided for when deemed appropriate.

Bad debt provision

Trade receivables are reviewed by the management team members, with any provisions being provided for when deemed appropriate.

Depreciation of fixed assets

The useful lives of property, plant and equipment are based on the knowledge of senior management , with reference to expected asset life cycles.

Work in progress

Management bases its judgements of contract costs and revenues on the latest available information which includes contract valuations. The amount of profit attributable to the stage of completion of a long term contract is recognised when the outcome of the contract can be foreseen with reasonable certainty. This stage of completion method places importance on accurate estimates of the extent of progress towards completion and may involve estimates on the scope of services required for fulfilling the contractual obligation.

3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Sales
52,857,684
46,929,377
2025
2024
£
£
Turnover analysed by geographical market
UK
52,857,684
46,929,377
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 20 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Depreciation of owned tangible fixed assets
574,640
556,590
Depreciation of tangible fixed assets held under finance leases
590,075
428,966
Profit on disposal of tangible fixed assets
(44,099)
(9,282)
Amortisation of intangible assets
40,318
36,393
Operating lease charges
750,397
740,387
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
65,625
60,000
For other services
All other non-audit services
44,967
71,091
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Administration
143
136
Contracting
283
250
Total
426
386

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
20,299,869
17,007,259
Social security costs
2,058,740
1,683,787
Pension costs
475,057
399,194
22,833,666
19,090,240
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 21 -
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
1,033,345
874,951
Company pension contributions to defined contribution schemes
108,949
91,620
1,142,294
966,571

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 8 (2024 - 8).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
305,435
205,721
Company pension contributions to defined contribution schemes
19,440
18,000

The key management personnel are deemed to be directors. In addition to the emoluments above, there was employers NI costs of £134,073 (2024 - £113,808) to give total key management personnel remuneration of £1,276,367 (2024 - £1,084,759).

8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
15,774
977
Other finance costs:
Interest on finance leases and hire purchase contracts
84,177
51,340
Other interest
-
0
(150)
99,951
52,167
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
361,384
369,025
Adjustments in respect of prior periods
(23,855)
-
0
Total current tax
337,529
369,025
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
9
Taxation
2025
2024
£
£
(Continued)
- 22 -
Deferred tax
Origination and reversal of timing differences
166,789
41,214
Total tax charge
504,318
410,239

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,187,797
2,652,304
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
546,949
663,076
Tax effect of expenses that are not deductible in determining taxable profit
44,677
5,810
Adjustments in respect of prior years
(23,855)
-
0
Group relief
(121,231)
(312,179)
Capital allowances in excess of depreciation
(109,011)
-
0
Deferred tax provision
166,789
41,214
Depreciation in excess of capital allowances
-
0
12,318
Taxation charge for the year
504,318
410,239
10
Dividends
2025
2024
2025
2024
Per share
Per share
Total
Total
£
£
£
£
Ordinary B shares
Final paid
1.78
-
0
811,864
-
0
Interim paid
1.78
-
0
811,964
-
0
3.56
-
0
1,623,828
-
0
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 23 -
11
Intangible fixed assets
Software
£
Cost
At 1 May 2024
663,382
Additions
69,931
At 30 April 2025
733,313
Amortisation and impairment
At 1 May 2024
612,267
Amortisation charged for the year
40,318
At 30 April 2025
652,585
Carrying amount
At 30 April 2025
80,728
At 30 April 2024
51,115

More information on impairment movements in the year is given in note .

12
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024
241,738
1,993,941
1,703,206
542,617
5,481,566
9,963,068
Additions
-
0
505,581
204,103
223,374
1,207,762
2,140,820
Disposals
-
0
-
0
(15,000)
-
0
(462,335)
(477,335)
At 30 April 2025
241,738
2,499,522
1,892,309
765,991
6,226,993
11,626,553
Depreciation and impairment
At 1 May 2024
202
662,729
988,949
413,399
3,555,639
5,620,918
Depreciation charged in the year
2,417
170,232
136,579
88,148
767,339
1,164,715
Eliminated in respect of disposals
-
0
-
0
(7,170)
-
0
(398,005)
(405,175)
At 30 April 2025
2,619
832,961
1,118,358
501,547
3,924,973
6,380,458
Carrying amount
At 30 April 2025
239,119
1,666,561
773,951
264,444
2,302,020
5,246,095
At 30 April 2024
241,536
1,331,212
714,257
129,218
1,925,927
4,342,150
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
12
Tangible fixed assets
(Continued)
- 24 -

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and equipment
109,852
68,301
Office equipment
46,142
-
0
Motor vehicles
1,665,924
1,250,740
1,821,918
1,319,041
13
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
14
3
3
14
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Bar-Com (Inverness) Limited
16 Carsgate Road South, Inverness, IV3 8LL
Dormant Company
Ordinary
100.00
Bar-Tec (Scotland) Limited
16 Carsgate Road South, Inverness, IV3 8LL
Dormant Company
Ordinary
100.00
Bar-Res Limited
16 Carsgate Road South, Inverness, IV3 8LL
Dormant Company
Ordinary
100.00
15
Stocks
2025
2024
£
£
Stocks
1,499,019
1,268,170
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,281,676
6,351,844
Amounts recoverable under construction contracts
2,808,066
1,864,769
Amounts owed by group undertakings
1,643,931
952,395
Other debtors
361,015
580,574
Prepayments and accrued income
3,924,652
2,301,703
15,019,340
12,051,285
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 25 -
17
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
19
7,709
5,699
Obligations under finance leases
20
803,471
506,505
Trade creditors
1,740,296
2,762,351
Gross amounts owed to contract customers
1,570,484
106,929
Corporation tax
361,384
270,989
Other taxation and social security
1,167,749
807,861
Other creditors
3,130,867
2,246,580
Accrued expenses
1,451,436
867,863
10,233,396
7,574,777
18
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
19
143,382
151,801
Obligations under finance leases
20
726,443
541,782
869,825
693,583
19
Loans and overdrafts
2025
2024
£
£
Bank loans
151,091
157,500
Payable within one year
7,709
5,699
Payable after one year
143,382
151,801

There is a Composite Company Limited Multilateral Guarantee dated 26 February 2021 given by KW1 (UK) Limited, G&A Barnie Group Limited, and G & A Barnie Group Holdings Limited.

There is also a first legal Scottish charge is dated 16 April 2024 and a floating charge dated 10 June 2015.

In 2024 the company received a bank loan of £157,500 from HSBC UK Bank PLC. The loan is repayable over 15 years and interest is charged at the Bank of England base rate plus 2.5%. The loan is secured by standard security over 28 Aird Crescent, Kirkhill, Inverness, IV5 7NA.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 26 -
20
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
803,471
506,505
In two to five years
726,443
541,782
1,529,914
1,048,287

The hire purchase and leasing creditors are secured by a charge over the relevant assets.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
754,992
590,701
Retirement benefit obligations
(17,280)
(19,778)
737,712
570,923
2025
Movements in the year:
£
Liability at 1 May 2024
570,923
Charge to profit or loss
166,789
Liability at 30 April 2025
737,712

22
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
24,000
24,000
24,000
24,000
Ordinary B shares of £1 each
456,000
456,000
456,000
456,000
480,000
480,000
480,000
480,000
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
22
Share capital
(Continued)
- 27 -

The "A" ordinary share and the "B" ordinary shares constitute different classes of shares, but rank equally in all respects, except to the entitlement to participate in dividend distributions. A dividend may be declared on the "B" ordinary shares to the exclusion of the "A" ordinary shares. Dividends at different rates may be declared on either both of the "A" ordinary shares and the "B" ordinary shares.

Both classes rank equally inrespect of voting rights and the right to distribution in the event of winding up. No redemption rights apply to either class of share.

23
Capital redemption reserve
2025
2024
£
£
At the beginning and end of the year
10,437
10,437

The capital redemption reserve includes all issued shares that have been cancelled.

24
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
9,960,009
7,717,944
Adjusted balance
9,960,009
7,717,944
Profit for the year
1,683,479
2,242,065
Dividends declared and paid in the year
(1,623,828)
-
At the end of the year
10,019,660
9,960,009

The revenue reserve includes all current and prior year retained profits or losses.

25
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
475,057
399,194

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £69,120 (2024 - £79,111) were payable to the fund at the reporting date and are included in other creditors.

G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 28 -
26
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
639,246
660,669
Between two and five years
2,403,674
2,443,806
In over five years
2,243,939
2,843,054
5,286,859
5,947,529

In addition to the above, the company entered into a 105-year lease in June 2013 in respect of ground rent for its Inverness depot. The company also entered into a 15-year lease in July 2015, extendable for 105 years from 2030, in respect of ground rent for its second Inverness depot, the current annual rent for both is £28,250.

27
Ultimate controlling party

The ultimate parent company is G & A Barnie Group Holdings Limited, a limited company registered in the United Kingdom. The registered office of G & A Barnie Group Holdings Limited is 16 Carsegate Road South, Carsegate Industrial Estate, Inverness, Scotland, IV3 8LL.

There is no ultimate controlling party.

28
Directors' transactions

During the year the director s paid expenses on behalf of and introduced funds to the company totalling £363,68 6 (202 4 - £921,294) and the company paid expenses on behalf of the director s totalling £326,895 (202 4 - £4,194).

The amount s owed to the director s as at 30 April 202 5 was £1,011,419 (202 4 - £974,629), which is included in other creditors in the financial statements.

Loans with the director s ha ve no fixed repayment terms and no interest is charged.

29
Related party transactions
Key management personnel of the entity or its parent (in the aggregate)
2025
2024
£
£
Sales to key management personnel
3,395
15,926
Rent charged by director
3,650
21,900
Key management personnel compensation
1,279,539
1,084,759
Purchases re-imbursed to management personnel
9,560
-
Amounts due to directors
1,011,419
974,629
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
29
Related party transactions
(Continued)
- 29 -
Entities with control, joint control or significant influence over the entity
£
£
Amounts due from shareholders of parent
85,845
85,845
Amount due from related party
1,643,931
952,395
2025
2024
Other related parties
£
£
Sales to family members of directors
1,861
(103)
Rent charged by associated undertakings
587,711
601,130
Remuneration paid to family members of directors
195,633
190,053
Rent charged by family members of directors
22,250
-
Amount due (to)/from related party
(164,079)
135,921

G & A Barnie Holding Limited

Parent company

Dividends of £1,623,828 (202 4 - £nil) were paid to G & A Barnie Group Holding s Limited by the company during the year.

At the year end the company w ere due a balance from G & A Barnie Group Holding s Limited of £1,643,931(202 4 - £952,395) which is included in amounts due from group undertakings.

Amounts due are repayable in accordance with normal business terms and are unsecured.

30
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,683,479
2,242,065
Adjustments for:
Taxation charged
504,318
410,239
Finance costs
99,951
52,167
Investment income
(8,383)
(4,283)
Gain on disposal of tangible fixed assets
(44,099)
(9,282)
Amortisation and impairment of intangible assets
40,318
36,393
Depreciation and impairment of tangible fixed assets
1,164,715
985,556
Movements in working capital:
Increase in stocks
(230,849)
(132,438)
Increase in debtors
(2,968,055)
(3,253,210)
Increase in creditors
2,269,248
2,245,838
Cash generated from operations
2,510,643
2,573,045
G & A BARNIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 30 -
31
Analysis of changes in net funds/(debt)
1 May 2024
Cash flows
New leases
30 April 2025
£
£
£
£
Cash at bank and in hand
1,577,006
(1,071,161)
-
505,845
Borrowings excluding overdrafts
(157,500)
6,409
-
(151,091)
Lease liabilities
(1,048,287)
870,308
(1,351,935)
(1,529,914)
371,219
(194,444)
(1,351,935)
(1,175,160)
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