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REGISTERED NUMBER: SC146001 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Caithness Crop Processing Limited

Caithness Crop Processing Limited (Registered number: SC146001)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caithness Crop Processing Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Campbell





REGISTERED OFFICE: Thurdistoft
Castletown
Caithness
KW14 8SX





REGISTERED NUMBER: SC146001 (Scotland)





ACCOUNTANTS: Victor T Fraser & Co Limited
Chartered Accountants
3-4 Market Place
Wick
Caithness
KW1 4LP

Caithness Crop Processing Limited (Registered number: SC146001)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,782 39,705
Investments 5 25 25
37,807 39,730

CURRENT ASSETS
Debtors 6 10,814 759
Cash at bank 4,746 23,388
15,560 24,147
CREDITORS
Amounts falling due within one year 7 821 8,770
NET CURRENT ASSETS 14,739 15,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,546

55,107

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings (7,454 ) (4,893 )
SHAREHOLDERS' FUNDS 52,546 55,107

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





G Campbell - Director


Caithness Crop Processing Limited (Registered number: SC146001)

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


1. STATUTORY INFORMATION

Caithness Crop Processing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building - 2% on cost
Plant and machinery etc - 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Caithness Crop Processing Limited (Registered number: SC146001)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
Building etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 92,507 15,795 108,302
DEPRECIATION
At 1 November 2022 53,538 15,059 68,597
Charge for year 1,850 73 1,923
At 31 October 2023 55,388 15,132 70,520
NET BOOK VALUE
At 31 October 2023 37,119 663 37,782
At 31 October 2022 38,969 736 39,705

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 25
NET BOOK VALUE
At 31 October 2023 25
At 31 October 2022 25

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,814 759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 821 8,770

8. RELATED PARTY DISCLOSURES

The amount outstanding at the financial year end in respect of loans to/from the Director from/to the company were:

G Campbell £10,052. (2022 - £7,948).

9. ULTIMATE CONTROLLING PARTY

George Campbell (Farmers) Limited holds 75% of the issued share capital.