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REGISTERED NUMBER: SC483900 (Scotland)















Financial Statements for the Year Ended 31 August 2023

for

Cruden Bay Training Limited

Cruden Bay Training Limited (Registered number: SC483900)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cruden Bay Training Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R Hyman
Mrs K Hyman





REGISTERED OFFICE: 1 Main Street
Cruden Bay
Peterhead
Aberdeenshire
AB42 0NA





REGISTERED NUMBER: SC483900 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Cruden Bay Training Limited (Registered number: SC483900)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £   
CURRENT ASSETS
Stocks 19,271 18,030
Debtors 5 1,501 1,024
Cash at bank and in hand 7,027 5,139
27,799 24,193
CREDITORS
Amounts falling due within one year 6 25,011 23,184
NET CURRENT ASSETS 2,788 1,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,788

1,009

CREDITORS
Amounts falling due after more than one
year

7

1,600

2,200
NET ASSETS/(LIABILITIES) 1,188 (1,191 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,088 (1,291 )
SHAREHOLDERS' FUNDS 1,188 (1,191 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

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

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 9 October 2023 and were signed on its behalf by:



R Hyman - Director


Cruden Bay Training Limited (Registered number: SC483900)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Cruden Bay Training 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.
Plant and machinery etc - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cruden Bay Training Limited (Registered number: SC483900)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 719
DEPRECIATION
At 1 September 2022
and 31 August 2023 719
NET BOOK VALUE
At 31 August 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 582 266
Other debtors 919 758
1,501 1,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Taxation and social security 591 -
Other creditors 24,420 23,184
25,011 23,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 1,600 2,200

8. RELATED PARTY DISCLOSURES

The directors Ray and Katherine Hyman advanced the company net amounts totalling £21,360. This amount remained outstanding at 31st August 2023 and is included within other creditors in the notes to the accounts.

9. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors by virtue of their percentage holding in the ordinary share capital of the company which is detailed below.

Ray Hyman - 50%
Katherine Hyman - 50%