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REGISTERED NUMBER: SC471194 (Scotland)


















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Callum Williamson Limited

Callum Williamson Limited (Registered number: SC471194)






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


Callum Williamson Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M B Williamson
Mrs H Williamson





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC471194 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Callum Williamson Limited (Registered number: SC471194)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136 203
Investment property 5 637,856 637,856
637,992 638,059

CURRENT ASSETS
Stocks 1,331,818 631,818
Debtors 6 64,881 21,793
Cash at bank 47,383 475,896
1,444,082 1,129,507
CREDITORS
Amounts falling due within one year 7 1,090,246 162,028
NET CURRENT ASSETS 353,836 967,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,828

1,605,538

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 991,825 1,605,535
SHAREHOLDERS' FUNDS 991,828 1,605,538

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.

Callum Williamson Limited (Registered number: SC471194)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





M B Williamson - Director


Callum Williamson Limited (Registered number: SC471194)

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

1. STATUTORY INFORMATION

Callum Williamson 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 - 33% on reducing balance and 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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 3 (2022 - 3 ) .

Callum Williamson Limited (Registered number: SC471194)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 5,908
DEPRECIATION
At 1 March 2022 5,705
Charge for year 67
At 28 February 2023 5,772
NET BOOK VALUE
At 28 February 2023 136
At 28 February 2022 203

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 637,856
NET BOOK VALUE
At 28 February 2023 637,856
At 28 February 2022 637,856

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 64,881 21,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 33,492 34,379
Taxation and social security 104,400 105,597
Other creditors 952,354 22,052
1,090,246 162,028

8. CONTINGENT LIABILITIES

As at 28 February 2023 the company had no contingent liabilities (2022 - £nil).

9. CAPITAL COMMITMENTS

As at 28 February 2023 the company had no capital commitments (2022 - £nil).

Callum Williamson Limited (Registered number: SC471194)

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

10. RELATED PARTY DISCLOSURES

As at 28 February 2023 included within other creditors is a balance owed to the Directors of £5,866 (2022 - £10,335). This balance has no fixed repayment date and no interest is charged thereon.