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REGISTERED NUMBER: SC134640 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Earnstatus Limited
(formerly known as Central Scotland
Shooting School Limited)

Earnstatus Limited (Registered number: SC134640)
(formerly known as Central Scotland
Shooting School Limited)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Earnstatus Limited
(formerly known as Central Scotland
Shooting School Limited)

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A McCaig
J McCaig
J McCaig





REGISTERED OFFICE: Wester Jawcraig
Falkirk
FK1 3AL





REGISTERED NUMBER: SC134640 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Earnstatus Limited (Registered number: SC134640)
(formerly known as Central Scotland
Shooting School Limited)

Balance Sheet
30 June 2023

30.6.23 30.6.22
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 68,398

CURRENT ASSETS
Stocks 5 8,023 30,868
Debtors 6 16,042 190,036
Cash at bank and in hand 3,852 5,339
27,917 226,243
CREDITORS
Amounts falling due within one year 7 23,251 49,377
NET CURRENT ASSETS 4,666 176,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,666

245,264

CAPITAL AND RESERVES
Called up share capital 8 1,000,002 1,000,002
Retained earnings (995,336 ) (754,738 )
SHAREHOLDERS' FUNDS 4,666 245,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





J McCaig - Director


Earnstatus Limited (Registered number: SC134640)
(formerly known as Central Scotland
Shooting School Limited)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Earnstatus 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery - 25% on cost, 10% and 5% reducing balance per annum
Fixtures and fittings - 25% on cost per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Earnstatus Limited (Registered number: SC134640)
(formerly known as Central Scotland
Shooting School Limited)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2022 133,048 22,091 25,295 14,495 194,929
Disposals (133,048 ) (22,091 ) (25,295 ) (14,495 ) (194,929 )
At 30 June 2023 - - - - -
DEPRECIATION
At 1 July 2022 65,140 21,601 25,295 14,495 126,531
Eliminated on disposal (65,140 ) (21,601 ) (25,295 ) (14,495 ) (126,531 )
At 30 June 2023 - - - - -
NET BOOK VALUE
At 30 June 2023 - - - - -
At 30 June 2022 67,908 490 - - 68,398

5. STOCKS
30.6.23 30.6.22
as restated
£ £
Finished goods 8,023 30,868

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
as restated
£ £
Other debtors 16,042 190,036

Earnstatus Limited (Registered number: SC134640)
(formerly known as Central Scotland
Shooting School Limited)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
as restated
£ £
Trade creditors 942 29,719
Taxation and social security 15,369 -
Other creditors 6,940 19,658
23,251 49,377

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: as restated
£ £
1,000,002 Ordinary £1 1,000,002 1,000,002

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the director nil as at 30th June 2023 (2022: £14,508).

10. RELATED PARTY DISCLOSURES





Related Party




Transaction


Transactions in
year ended
30.6.23


Transactions in
year ended
30.6.22
Balance
receivable
from/(payable to)
related party at
30.6.23
Balance
receivable
from/(payable to)
related party at
30.6.22
Type
(£) (£) (£) (£)

(1) Anglo Scottish
Biosolids Limited

Loan

19,198

61,552

15,898

(3,300)

(2) J McCaig Farms Loan (18,790) 22,937 - 18,790

(1) Directors of the company are also directors of Anglo Scottish Biosolids Limited.

(2) Director of the company is the proprietor of J McCaig Farms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J McCaig.