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REGISTERED NUMBER: SC561184 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Craiglyon Financial Management Limited

Craiglyon Financial Management Limited (Registered number: SC561184)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craiglyon Financial Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Porter





REGISTERED OFFICE: Mambeg
Garelochhead
Helensburgh
Argyll & Bute
G84 0EN





REGISTERED NUMBER: SC561184 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Craiglyon Financial Management Limited (Registered number: SC561184)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,235 1,647
Investments 5 1,063 15,552
2,298 17,199

CURRENT ASSETS
Stocks 42,000 38,851
Debtors 6 44,018 16,155
Cash at bank 15,182 15,582
101,200 70,588
CREDITORS
Amounts falling due within one year 7 48,321 49,324
NET CURRENT ASSETS 52,879 21,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,177

38,463

CREDITORS
Amounts falling due after more than one
year

8

10,212

18,154
NET ASSETS 44,965 20,309

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 44,861 20,205
44,965 20,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Craiglyon Financial Management Limited (Registered number: SC561184)

Balance Sheet - continued
31 March 2024


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 17 July 2024 and were signed on its behalf by:





J Porter - Director


Craiglyon Financial Management Limited (Registered number: SC561184)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Craiglyon Financial Management 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 as modified by the revaluation of certain assets.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Craiglyon Financial Management Limited (Registered number: SC561184)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 350 184 4,224 4,758
DEPRECIATION
At 1 April 2023 266 140 2,705 3,111
Charge for year 21 11 380 412
At 31 March 2024 287 151 3,085 3,523
NET BOOK VALUE
At 31 March 2024 63 33 1,139 1,235
At 31 March 2023 84 44 1,519 1,647

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 15,552
Disposals (14,000 )
Revaluations (489 )
At 31 March 2024 1,063
NET BOOK VALUE
At 31 March 2024 1,063
At 31 March 2023 15,552

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2024 1,063

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 44,018 16,155

Craiglyon Financial Management Limited (Registered number: SC561184)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,943 7,745
Taxation and social security 33,732 36,169
Other creditors 6,646 5,410
48,321 49,324

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,212 18,154

9. CONTINGENT LIABILITIES

As at 31 March 2024 the company had no contingent liabilities (2023 - £nil).

10. CAPITAL COMMITMENTS

As at 31 March 2024 the company had no capital commitments (2023 - £nil).

11. RELATED PARTY DISCLOSURES

As at 31 March 2024 included within other debtors is a balance due from the directors, amounting to £39,350, (2023 - £11,487). This balance has no fixed repayment date and no interest is charged thereon.