J.B. Christie (Airdrie) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC419831 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2022

for

J.B. CHRISTIE (AIRDRIE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R Chisholm

REGISTERED OFFICE:

11 Craigievar Close

Dunfermline

KY12 0XY

REGISTERED NUMBER:

SC419831 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

214,827

196,382

214,827

196,382

CURRENT ASSETS

Stocks

6

43,859

37,000

Debtors

7

92,801

128,199

Cash at bank and in hand

181,559

66,391

318,219

231,590

CREDITORS

Amounts falling due within one year

8

227,009

106,765

NET CURRENT ASSETS

91,210

124,825

TOTAL ASSETS LESS CURRENT LIABILITIES

306,037

321,207

CREDITORS

Amounts falling due after more than one year

9

(99,083

)

(128,083

)

PROVISIONS FOR LIABILITIES

(38,906

)

(33,542

)

NET ASSETS

168,048

159,582

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

168,047

159,581

SHAREHOLDERS' FUNDS

168,048

159,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 June 2023 and were signed by:

A R Chisholm - Director

1.	STATUTORY INFORMATION

J.B. Christie (Airdrie) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

33% on cost, 25% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2021 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2021

and 30 November 2022

52,718

AMORTISATION

At 1 December 2021

and 30 November 2022

52,718

NET BOOK VALUE

At 30 November 2022

-

At 30 November 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2021

232,509

73,088

81,022

12,116

398,735

Additions

22,139

20,987

15,995

781

59,902

At 30 November 2022

254,648

94,075

97,017

12,897

458,637

DEPRECIATION

At 1 December 2021

139,888

16,956

34,528

10,981

202,353

Charge for year

20,575

4,792

14,728

1,362

41,457

At 30 November 2022

160,463

21,748

49,256

12,343

243,810

NET BOOK VALUE

At 30 November 2022

94,185

72,327

47,761

554

214,827

At 30 November 2021

92,621

56,132

46,494

1,135

196,382

6.

STOCKS

2022

2021

£

£

Raw materials

43,859

37,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

51,114

44,732

Other debtors

5,644

49,004

VAT

13,303

16,226

Prepayments

22,740

18,237

92,801

128,199

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

29,000

16,917

Trade creditors

95,015

54,830

Amounts owed to group undertakings

13,000

13,000

Tax

12,134

-

Social security and other taxes

8,619

7,760

Other creditors

502

352

Accrued expenses

68,739

13,906

227,009

106,765

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

29,000

29,000

Bank loans - 2-5 years

70,083

87,000

Bank loans more 5 yr by instal

-

12,083

99,083

128,083

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

12,083

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A.R. Chisholm through his majority shareholding in Chiz Home Bakery Ltd.