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CELTIC RETAIL LIMITED

Registered Number
SC637431
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2024

CELTIC RETAIL LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SYED, Kasim Ali Adil

Registered Address

98 West Bow
Edinburgh
EH1 2HH

Registered Number

SC637431 (Scotland)
CELTIC RETAIL LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets145,66464,180
145,66464,180
Current assets
Stocks318,75050,000
Debtors460,233161,992
Cash at bank and on hand84,427268,737
563,410480,729
Creditors amounts falling due within one year4(761,303)(330,477)
Net current assets (liabilities)(197,893)150,252
Total assets less current liabilities(52,229)214,432
Creditors amounts falling due after one year5(15,001)(17,223)
Accruals and deferred income(2,793)(17,822)
Net assets(70,023)179,387
Capital and reserves
Called up share capital100100
Profit and loss account(70,123)179,287
Shareholders' funds(70,023)179,387
The financial statements were approved and authorised for issue by the Director on 24 August 2024, and are signed on its behalf by:
SYED, Kasim Ali Adil
Director
Registered Company No. SC637431
CELTIC RETAIL LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-15
Plant and machinery25-
Fixtures and fittings15-
Office Equipment25-
2.Average number of employees

20242023
Average number of employees during the year1918
3.Stocks

2024

2023

££
Other stocks18,75050,000
Total18,75050,000
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables685,426282,388
Taxation and social security43,03443,034
Other creditors32,8435,055
Total761,303330,477
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts15,00117,223
Total15,00117,223