IRIS Accounts Production v23.3.1.45 SC496696 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4966962022-02-28SC4966962023-02-28SC4966962022-03-012023-02-28SC4966962021-02-28SC4966962021-03-012022-02-28SC4966962022-02-28SC496696ns10:Originalns15:Scotland2022-03-012023-02-28SC496696ns14:PoundSterlingns10:Original2022-03-012023-02-28SC496696ns10:Originalns10:Director12022-03-012023-02-28SC496696ns10:Original2022-03-012023-02-28SC496696ns10:Originalns10:Director22022-03-012023-02-28SC496696ns10:Original2023-02-28SC496696ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC496696ns10:Originalns10:SmallEntities2022-03-012023-02-28SC496696ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC496696ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC496696ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC496696ns10:Originalns10:FullAccounts2022-03-012023-02-28SC496696ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC496696ns10:Original2022-02-28SC496696ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC496696ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC496696ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC496696ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC496696ns5:ShareCapitalns10:Original2023-02-28SC496696ns5:ShareCapitalns10:Original2022-02-28SC496696ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC496696ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC496696ns10:Original2021-03-012022-02-28SC496696ns10:Originalns5:LandBuildings2022-02-28SC496696ns10:Originalns5:PlantMachinery2022-02-28SC496696ns10:Original2022-02-28SC496696ns10:Originalns5:LandBuildings2022-03-012023-02-28SC496696ns10:Originalns5:PlantMachinery2022-03-012023-02-28SC496696ns10:Originalns5:LandBuildings2023-02-28SC496696ns10:Originalns5:PlantMachinery2023-02-28SC496696ns10:Originalns5:LandBuildings2022-02-28SC496696ns10:Originalns5:PlantMachinery2022-02-28SC496696ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC496696ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: SC496696 (Scotland)















CFUK Concepts Ltd

Financial Statements For The Year Ended 28 February 2023






CFUK Concepts Ltd (Registered number: SC496696)






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


CFUK Concepts Ltd

Company Information
For The Year Ended 28 February 2023







DIRECTORS: M Chisholm
J Urquhart





REGISTERED OFFICE: Woodside Yard
Ardgay
Sutherland
IV24 3DH





REGISTERED NUMBER: SC496696 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

CFUK Concepts Ltd (Registered number: SC496696)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,816 177,118

CURRENT ASSETS
Stocks 91,500 75,098
Debtors 5 45,153 64,784
Cash at bank and in hand 1,890 470
138,543 140,352
CREDITORS
Amounts falling due within one year 6 169,182 171,285
NET CURRENT LIABILITIES (30,639 ) (30,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,177

146,185

CREDITORS
Amounts falling due after more than one
year

7

151,822

137,379
NET (LIABILITIES)/ASSETS (61,645 ) 8,806

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (61,755 ) 8,696
(61,645 ) 8,806

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.

CFUK Concepts Ltd (Registered number: SC496696)

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 29 November 2023 and were signed on its behalf by:




J Urquhart - Director



M Chisholm - Director


CFUK Concepts Ltd (Registered number: SC496696)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

CFUK Concepts 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
As at 28 February 2023 the company had net current liabilities of £30,639 (2022 - £30,933) and total liabilities of £61,645 (2022 total assets - £8,806). The directors consider it appropriate to prepare the accounts on a going concern basis as they will continue to support the company for at least 12 months from the date of signing the financial statements.

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.

Fixtures & fittings - 15% on cost
Motor Vehicles - 25% on cost
Computer Equip - 33% on cost

Stocks
Stocks 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 stocks to their present location and condition.

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.

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.

CFUK Concepts Ltd (Registered number: SC496696)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 March 2022 1,250 272,131 273,381
Additions - 35,000 35,000
Disposals - (73,000 ) (73,000 )
At 28 February 2023 1,250 234,131 235,381
DEPRECIATION
At 1 March 2022 - 96,263 96,263
Charge for year - 40,202 40,202
Eliminated on disposal - (21,900 ) (21,900 )
At 28 February 2023 - 114,565 114,565
NET BOOK VALUE
At 28 February 2023 1,250 119,566 120,816
At 28 February 2022 1,250 175,868 177,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 45,153 33,114
Other debtors - 31,670
45,153 64,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 47,794 66,270
Hire purchase contracts and finance leases 9,095 9,095
Trade creditors - 4,710
Taxation and social security 7,356 378
Other creditors 104,937 90,832
169,182 171,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 92,177 83,911
Hire purchase contracts and finance leases 59,645 53,468
151,822 137,379