Accounts



















	G.M.P. BAIRD LIMITED



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 28 FEBRUARY 2025

G.M.P. BAIRD LIMITED
Company registered number: 01300692
BALANCE SHEET AT 28 February 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		384,717	411,796
CURRENT ASSETS
Inventories		276,287		287,291
Debtors	4	23,862		23,006
Cash at bank and in hand		45,596		12,046
		345,745		322,343
CREDITORS: Amounts falling due within one year	5	874,667		696,948
NET CURRENT LIABILITIES			(528,922)	(374,605)
TOTAL ASSETS LESS CURRENT LIABILITIES			(144,205)	37,191

CREDITORS: Amounts falling due after more than one year	6		(89,427)	(159,016)
NET LIABILITIES			(£233,632)	(£121,825)

CAPITAL AND RESERVES
Called up share capital			300	300
Retained earnings			(233,932)	(122,125)
SHAREHOLDERS' FUNDS			(£233,632)	(£121,825)

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	G.M.P. BAIRD LIMITED
	Company registered number: 01300692
	BALANCE SHEET AT 28 February 2025 (CONT.)



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.



	These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies

	All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444 (2A) of the Companies Act 2006

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
	The financial statements were approved and authorised for issue by the board of directors on 01 October 2025

	Signed on behalf of the board of directors



	E.Baird, Director

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	G.M.P. BAIRD LIMITED
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 28 FEBRUARY 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	G.M.P. Baird Limited is a private company limited by shares incorporated in England.

	Registered office:
	Tonge Industrial Estate Hypatia Street Bury New Road Bolton BL2 6AA

1b.	Basis of accounting

	These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Taxation


	Taxation represents the sum of corporation tax currently payable. The company's liability for corporation tax is calculated using tax rates that have been enacted by the end of the reporting period.


1e.	Fixed assets

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant, equipment, fixtures and fittings	Reducing balance 20%
	Motor vehicles	Reducing balance 20%


1f.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.

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	G.M.P. BAIRD LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 28 FEBRUARY 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.


1h.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.



2.	EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024
		No.	No.
	Persons employed, including directors	15	12
		15	12

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	G.M.P. BAIRD LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 28 FEBRUARY 2025


3.	TANGIBLE ASSETS
			Vehicles,
		Short	Plant &
		Leasehold	Machinery	Total
		£	£	£
	Cost

	At 29 February 2024	8,850	1,203,976	1,212,826
	Additions other than through business combinations	-	69,100	69,100
	At 28 February 2025	8,850	1,273,076	1,281,926

	Depreciation

	At 29 February 2024	8,849	792,181	801,030
	For the year	-	96,179	96,179
	At 28 February 2025	8,849	888,360	897,209

	Net Book Amounts

	At 28 February 2025	1	384,716	384,717
	At 28 February 2024	1	411,795	411,796



4.	DEBTORS	2025	2024
		£	£
	Trade debtors	4,916	5,280
	Other debtors	18,946	17,726
		£23,862	£23,006



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Sundry loans	15,687	21,627
	Bank loans and overdrafts	10,375	13,359
	Finance leases and hire purchase contracts	87,105	88,467
	Trade creditors	669,717	473,196
	Loan from a director	37,276	65,536
	Other taxes and social security	47,059	28,131
	Other creditors	7,448	6,632
		£874,667	£696,948

	Of the creditors falling due within and after more than one year, the obligations under finance leases and hire purchase contracts totalling £173,880 (2024: £218,797) are secured on the assets concerned.

	The loan from a director is repayable on demand and interest-free.

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	G.M.P. BAIRD LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 28 FEBRUARY 2025



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2025	2024
		£	£
	Sundry loans	-	15,687
	Bank loans	2,652	12,999
	Finance leases and hire purchase contracts	86,775	130,330
		£89,427	£159,016

	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank loans	10,375	10,163
	leases and hire purchese	87,105	88,467
	sundry loans	15,687	21,627
	within 2-5 years
	bank loans	2,652	12,999
	leases and hire purchase	86,775	130,330
	sundry loans	-	15,687
		£202,594	£279,273



7.	OTHER FINANCIAL COMMITMENTS

Total contingencies which are not included in the Balance Sheet at 28 February 2025 amount to £450,418, which is attracting interest at the HMRC rate. This arises from a dispute with HM Revenue and Customs Vat with regard to input tax previously claimed. The company strenuously denies that it has improperly claimed back input tax, which has been alleged by HM Revenue and Customs in correspondence dating from 31 August 2022 onwards. The company is proceeding to the First Tier Tribunal to robustly defend and refute the allegations. The outcome of the case will not be known until December 2025 at the earliest.

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