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REGISTERED NUMBER: SC189045 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

CELEBRATIONS (TURRIFF) LIMITED

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


CELEBRATIONS (TURRIFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: Mr R A Stephen
Mrs M H Stephen
Mrs L J Middleton





SECRETARY: Mrs L J Middleton





REGISTERED OFFICE: Speymuir
Victoria Street
Turriff
Aberdeenshire
AB53 4RE





REGISTERED NUMBER: SC189045 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,963,915 2,660,904

CURRENT ASSETS
Stocks 763,325 786,599
Debtors 5 30,046 87,639
Cash at bank and in hand 1,653,145 1,339,221
2,446,516 2,213,459
CREDITORS
Amounts falling due within one year 6 784,041 652,885
NET CURRENT ASSETS 1,662,475 1,560,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,626,390

4,221,478

CREDITORS
Amounts falling due after more than one year 7 (183,333 ) -

PROVISIONS FOR LIABILITIES (14,569 ) (17,407 )
NET ASSETS 4,428,488 4,204,071

CAPITAL AND RESERVES
Called up share capital 859,586 859,586
Retained earnings 3,568,902 3,344,485
4,428,488 4,204,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET - continued
31 JANUARY 2022


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 29 July 2022 and were signed on its behalf by:




Mr R A Stephen - Director



Mrs L J Middleton - Director


CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Celebrations (Turriff) 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.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on cost and 12.5% 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 78 (2021 - 88 ) .

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2021 3,799,072 658,188 4,457,260
Additions 413,278 26,124 439,402
Disposals (68,885 ) (7,995 ) (76,880 )
At 31 January 2022 4,143,465 676,317 4,819,782
DEPRECIATION
At 1 February 2021 1,229,788 566,568 1,796,356
Charge for year 71,473 33,064 104,537
Eliminated on disposal (45,026 ) - (45,026 )
At 31 January 2022 1,256,235 599,632 1,855,867
NET BOOK VALUE
At 31 January 2022 2,887,230 76,685 2,963,915
At 31 January 2021 2,569,284 91,620 2,660,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,459 22,319
Other debtors 17,587 65,320
30,046 87,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 305,684 105,185
Taxation and social security 115,352 122,602
Other creditors 363,005 425,098
784,041 652,885

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 183,333 -