CALEDONIAN COUNTRYWEAR LIMITED

Company Registration Number:
SC089333 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

CALEDONIAN COUNTRYWEAR LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes

CALEDONIAN COUNTRYWEAR LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 911,743 952,158
Total fixed assets: 911,743 952,158
Current assets
Stocks: 4 272,408 215,614
Debtors: 5 113,127 64,373
Cash at bank and in hand: 499,642 548,067
Total current assets: 885,177 828,054
Creditors: amounts falling due within one year: 6 ( 380,017 ) ( 373,396 )
Net current assets (liabilities): 505,160 454,658
Total assets less current liabilities: 1,416,903 1,406,816
Provision for liabilities: ( 4,332 ) ( 5,956 )
Total net assets (liabilities): 1,412,571 1,400,860
Capital and reserves
Called up share capital: 100 100
Other reserves: 138,475 138,475
Profit and loss account: 1,273,996 1,262,285
Total Shareholders' funds: 1,412,571 1,400,860

The notes form part of these financial statements

CALEDONIAN COUNTRYWEAR LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 November 2023
and signed on behalf of the board by:

Name: Mr W R Geddes
Status: Director

The notes form part of these financial statements

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Land and buildings - 2% straight lineFixtures, fittings and equipment - 20-50% p.a reducing balance

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 26 27

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 1,561,438 674,233 3,160 2,238,831
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 1,561,438 674,233 3,160 2,238,831
Depreciation
At 1 March 2022 646,022 637,491 3,160 1,286,673
Charge for year 31,229 9,186 40,415
On disposals
Other adjustments
At 28 February 2023 677,251 646,677 3,160 1,327,088
Net book value
At 28 February 2023 884,187 27,556 0 911,743
At 28 February 2022 915,416 36,742 0 952,158

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Stocks

2023 2022
£ £
Stocks 272,408 215,614
Total 272,408 215,614

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

2023 2022
£ £
Trade debtors 12,157 9,500
Prepayments and accrued income 555 741
Other debtors 100,415 54,132
Total 113,127 64,373

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 245,756 158,891
Taxation and social security 111,812 111,173
Accruals and deferred income 21,920 87,730
Other creditors 529 15,602
Total 380,017 373,396

CALEDONIAN COUNTRYWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Director's Loan Account
£
Balance at 28 February 2022
Advances or credits made: 10,800
Advances or credits repaid:
Balance at 28 February 2023 10,800

The directors' loan account will be repaid within 9 months of the year end.