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REGISTERED NUMBER: SC222391 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Cartech (Peterhead) Limited

Cartech (Peterhead) Limited (Registered number: SC222391)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cartech (Peterhead) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R H Burgess
M Burgess





REGISTERED OFFICE: 15 Ugie Street
Peterhead
Aberdeenshire
AB42 1US





REGISTERED NUMBER: SC222391 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Cartech (Peterhead) Limited (Registered number: SC222391)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,367 164,926

CURRENT ASSETS
Stocks 2,300 5,100
Debtors 5 14,004 14,549
Cash at bank 52,438 123,745
68,742 143,394
CREDITORS
Amounts falling due within one year 6 53,452 89,259
NET CURRENT ASSETS 15,290 54,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,657

219,061

PROVISIONS FOR LIABILITIES 2,866 5,336
NET ASSETS 165,791 213,725

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 164,791 212,725
SHAREHOLDERS' FUNDS 165,791 213,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Cartech (Peterhead) Limited (Registered number: SC222391)

Balance Sheet - continued
31 August 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 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 2 April 2024 and were signed on its behalf by:





R H Burgess - Director


Cartech (Peterhead) Limited (Registered number: SC222391)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Cartech (Peterhead) 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

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.

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.

Cartech (Peterhead) Limited (Registered number: SC222391)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 148,638 74,833 9,700 - 233,171
Additions - 1,434 - 865 2,299
Disposals - (3,222 ) - - (3,222 )
At 31 August 2023 148,638 73,045 9,700 865 232,248
DEPRECIATION
At 1 September 2022 5,946 55,668 6,631 - 68,245
Charge for year 2,972 8,568 767 285 12,592
Eliminated on disposal - (1,956 ) - - (1,956 )
At 31 August 2023 8,918 62,280 7,398 285 78,881
NET BOOK VALUE
At 31 August 2023 139,720 10,765 2,302 580 153,367
At 31 August 2022 142,692 19,165 3,069 - 164,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 13,798 14,165
Other debtors 206 384
14,004 14,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 9,670 14,533
Taxation and social security 24,928 38,390
Other creditors 18,854 36,336
53,452 89,259