Basil Baird and Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC033475 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Basil Baird and Sons Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,472,987

1,442,964

Investments

5

1

1,472,988

1,442,965

CURRENT ASSETS

Stocks

12,990

24,639

Debtors

6

514,987

748,210

Cash at bank and in hand

286,321

4,514

814,298

777,363

CREDITORS

Amounts falling due within one year

7

(843,501

)

(871,024

)

NET CURRENT LIABILITIES

(29,203

)

(93,661

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,785

1,349,304

CREDITORS

Amounts falling due after more than one
year

8

(300,395

)

(369,552

)

PROVISIONS FOR LIABILITIES

(295,433

)

(255,819

)

NET ASSETS

847,957

723,933

CAPITAL AND RESERVES

Called up share capital

17,144

Share premium

25,825

Capital redemption reserve

4,572

Retained earnings

800,416

676,392

SHAREHOLDERS' FUNDS

847,957

723,933

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2026 and were signed on its behalf by:

John Baird - Director

1.	STATUTORY INFORMATION

Basil Baird and Sons Limited is a private company, limited by shares, domiciled in Scotland, registration number SC033475. The registered office is Nethershiel Farm, East Calder, Livingston, West Lothian, EH53 0HT.

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

The turnover shown in the profit and loss account represents amounts receivable during the year from haulage contracting and the sale of fuel and crops, exclusive of Value Added Tax. Turnover is recognised once the service is complete or the goods are delivered.

Tangible fixed assets and depreciation

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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 20% on cost, 15% on cost and 15% on reducing balance

In accordance with the rules in relation to the transition to FRS 102, the company has taken the opportunity to treat the revalued cost per the revaluation of December 2008 as the original cost. The revaluation reserve has been transferred to the profit and loss reserve and there will no longer be regular revaluation of property.

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the payment is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

291,255

3,073,348

3,364,603

Additions

-

365,233

Disposals

-

(69,750

)

(69,750

)

At 31 October 2025

291,255

3,368,831

3,660,086

DEPRECIATION

At 1 November 2024

-

1,921,639

Charge for year

-

322,160

Eliminated on disposal

-

(56,700

)

(56,700

)

At 31 October 2025

-

2,187,099

NET BOOK VALUE

At 31 October 2025

291,255

1,181,732

1,472,987

At 31 October 2024

291,255

1,151,709

1,442,964

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

Plant and

machinery

etc

£

COST

At 1 November 2024

1,558,088

Additions

344,393

Transfer to ownership

(261,900

)

At 31 October 2025

1,640,581

DEPRECIATION

At 1 November 2024

706,156

Charge for year

206,424

Transfer to ownership

(182,593

)

At 31 October 2025

729,987

NET BOOK VALUE

At 31 October 2025

910,594

At 31 October 2024

851,932

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

1

NET BOOK VALUE

At 31 October 2025

1

At 31 October 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

442,082

710,138

Other debtors

72,905

38,072

514,987

748,210

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

6,677

180,585

Hire purchase contracts

323,547

271,873

Trade creditors

240,827

212,451

Taxation and social security

114,782

108,582

Other creditors

157,668

97,533

843,501

871,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

-

6,029

Hire purchase contracts

300,395

363,523

300,395

369,552

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bank overdraft

-

169,937

Hire purchase contracts

623,942

635,396

623,942

805,333

The bank overdraft is secured by a bond and floating charge over the assets of the company and standard security over the farmhouse in East Calder.

Hire purchase agreements are secured on the assets to which they relate.