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REGISTERED NUMBER: SC472352 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

CAT (HAMILTON) LTD

CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CAT (HAMILTON) LTD

Company Information
for the Year Ended 30 November 2022







DIRECTOR: A Taylor





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





REGISTERED NUMBER: SC472352 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 14,040 16,380
Tangible assets 6 7,081 11,330
21,121 27,710

CURRENT ASSETS
Stocks 500 500
Debtors 7 42,734 16,469
Cash at bank and in hand 13,176 22,925
56,410 39,894
CREDITORS
Amounts falling due within one year 8 65,808 47,234
NET CURRENT LIABILITIES (9,398 ) (7,340 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,723

20,370

CREDITORS
Amounts falling due after more than one year 9 (10,603 ) (14,830 )

PROVISIONS FOR LIABILITIES (650 ) (1,304 )
NET ASSETS 470 4,236

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 469 4,235
SHAREHOLDERS' FUNDS 470 4,236

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.

CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Balance Sheet - continued
30 November 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 director and authorised for issue on 14 November 2023 and were signed by:





A Taylor - Director


CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

CAT (Hamilton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from delivering fish products and services supplied by the company.

Turnover is measured at the fair value of fish products and services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.
Motor vehicles - 25% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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


CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 23,400
AMORTISATION
At 1 December 2021 7,020
Charge for year 2,340
At 30 November 2022 9,360
NET BOOK VALUE
At 30 November 2022 14,040
At 30 November 2021 16,380

CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

6. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2021
and 30 November 2022 16,995
DEPRECIATION
At 1 December 2021 5,665
Charge for year 4,249
At 30 November 2022 9,914
NET BOOK VALUE
At 30 November 2022 7,081
At 30 November 2021 11,330

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 414 604
Directors' current accounts 23,181 -
VAT 19,139 15,865
42,734 16,469

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,064 3,836
Trade creditors 29,351 18,667
Tax 13,038 11,563
Social security and other taxes 9,043 3,261
Other creditors 362 -
Directors' current accounts - 557
Accrued expenses 9,950 9,350
65,808 47,234

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 4,167 3,933
Bank loans - 2-5 years 6,436 10,897
10,603 14,830

CAT (HAMILTON) LTD (REGISTERED NUMBER: SC472352)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 14,667 18,666

The bank loan is 100% secured by the UK Government.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

2022 2021
£    £   
A Taylor
Balance outstanding at start of year (557 ) (4,673 )
Amounts advanced 23,738 4,116
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,181 (557 )

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
CAT (Hamilton) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CAT (Hamilton) Ltd for the year ended 30 November 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of CAT (Hamilton) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CAT (Hamilton) Ltd and state those matters that we have agreed to state to the director of CAT (Hamilton) Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that CAT (Hamilton) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CAT (Hamilton) Ltd. You consider that CAT (Hamilton) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CAT (Hamilton) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


14 November 2023