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REGISTERED NUMBER: SC517320 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CAOLAS LIMITED

CAOLAS LIMITED (REGISTERED NUMBER: SC517320)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAOLAS LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: N Robinson
Mrs E Robinson
Ms M E Manners





REGISTERED OFFICE: Broombank
North Connel
OBAN
Argyll
PA37 1RD





REGISTERED NUMBER: SC517320 (Scotland)





ACCOUNTANTS: Andy Newiss & Co Ltd
Broombank
North Connel
Oban
Argyll
PA37 1RD

CAOLAS LIMITED (REGISTERED NUMBER: SC517320)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 12,700

CURRENT ASSETS
Cash at bank 3,096 54,381

CREDITORS
Amounts falling due within one year 5 2,404 32,926
NET CURRENT ASSETS 692 21,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

692

34,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 592 34,055
SHAREHOLDERS' FUNDS 692 34,155

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

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

CAOLAS LIMITED (REGISTERED NUMBER: SC517320)

BALANCE SHEET - continued
31 October 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 July 2024 and were signed on its behalf by:





Mrs E Robinson - Director


CAOLAS LIMITED (REGISTERED NUMBER: SC517320)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

Caolas 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
The directors intend to dissolve the company during 2024 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.

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 - 20% on cost
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CAOLAS LIMITED (REGISTERED NUMBER: SC517320)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 24,500 3,251 27,751
Disposals (24,500 ) (3,251 ) (27,751 )
At 31 October 2023 - - -
DEPRECIATION
At 1 November 2022 11,800 3,251 15,051
Eliminated on disposal (11,800 ) (3,251 ) (15,051 )
At 31 October 2023 - - -
NET BOOK VALUE
At 31 October 2023 - - -
At 31 October 2022 12,700 - 12,700

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,404 32,926