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REGISTERED NUMBER: SC493696 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Caledonia Doors Limited

Caledonia Doors Limited (Registered number: SC493696)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caledonia Doors Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Kevin M Byrne
Michael Stokes





REGISTERED OFFICE: 9A Tannoch Drive
Lenziemill Industrial Estate
Cumbernauld
Glasgow
G67 2XX





REGISTERED NUMBER: SC493696 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Caledonia Doors Limited (Registered number: SC493696)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,051 60,696

CURRENT ASSETS
Stock 421,175 535,265
Debtors 5 166,406 36,933
Cash at bank and in hand 43,727 2,320
631,308 574,518
CREDITORS
Amounts falling due within one year 6 686,564 561,016
NET CURRENT (LIABILITIES)/ASSETS (55,256 ) 13,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,795

74,198

CREDITORS
Amounts falling due after more than one
year

7

(34,465

)

(33,333

)

PROVISIONS FOR LIABILITIES 10 (5,418 ) (5,418 )
NET ASSETS 49,912 35,447

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 49,910 35,445
SHAREHOLDERS' FUNDS 49,912 35,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Caledonia Doors Limited (Registered number: SC493696)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Kevin M Byrne - Director


Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Caledonia Doors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 30 ) .

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fittings
Long Plant and and
leasehold machinery equipment
£    £    £   
COST
At 1 March 2022 30,077 58,629 -
Additions - 79,825 325
At 28 February 2023 30,077 138,454 325
DEPRECIATION
At 1 March 2022 3,008 33,129 -
Charge for year 3,008 15,799 82
At 28 February 2023 6,016 48,928 82
NET BOOK VALUE
At 28 February 2023 24,061 89,526 243
At 28 February 2022 27,069 25,500 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 25,500 4,298 118,504
Additions 33,500 - 113,650
At 28 February 2023 59,000 4,298 232,154
DEPRECIATION
At 1 March 2022 19,790 1,881 57,808
Charge for year 9,802 604 29,295
At 28 February 2023 29,592 2,485 87,103
NET BOOK VALUE
At 28 February 2023 29,408 1,813 145,051
At 28 February 2022 5,710 2,417 60,696

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 33,500
At 28 February 2023 33,500
DEPRECIATION
Charge for year 8,375
At 28 February 2023 8,375
NET BOOK VALUE
At 28 February 2023 25,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,225 36,933
Other debtors 11,181 -
166,406 36,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 162,858 46,988
Hire purchase contracts (see note 8) 10,354 -
Trade creditors 422,164 424,994
Taxation and social security 63,160 69,030
Other creditors 28,028 20,004
686,564 561,016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 13,333 33,333
Hire purchase contracts (see note 8) 12,944 -
Other creditors 8,188 -
34,465 33,333

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 10,354 -
Between one and five years 12,944 -
23,298 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 36,988
Other loans 22,942 11,422
22,942 48,410

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,418 5,418

Deferred
tax
£   
Balance at 1 March 2022 5,418
Balance at 28 February 2023 5,418

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2