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REGISTERED NUMBER: SC341267 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Crandale Consultants Limited

Crandale Consultants Limited (Registered number: SC341267)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crandale Consultants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Cavanagh
P E Anderson





REGISTERED OFFICE: 15 Golden Square
Aberdeen
AB10 1WF





REGISTERED NUMBER: SC341267 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Crandale Consultants Limited (Registered number: SC341267)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 283,213 167,671
Investment property 6 205,000 200,000
488,213 367,671

CURRENT ASSETS
Stocks - 4,771
Debtors 7 382,995 442,073
Cash at bank and in hand 75,055 129,000
458,050 575,844
CREDITORS
Amounts falling due within one year 8 1,508,709 1,514,063
NET CURRENT LIABILITIES (1,050,659 ) (938,219 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(562,446

)

(570,548

)

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 40,994 38,587
Retained earnings (603,442 ) (609,137 )
SHAREHOLDERS' FUNDS (562,446 ) (570,548 )

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

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

Crandale Consultants Limited (Registered number: SC341267)

Balance Sheet - continued
31 December 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 28 August 2024 and were signed on its behalf by:





M Cavanagh - Director


Crandale Consultants Limited (Registered number: SC341267)

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

1. STATUTORY INFORMATION

Crandale Consultants Limited is a private company, limited by shares registered in Scotland. The company's registration number is SC341267 and its trading address is 10 North Silver Street Aberdeen AB10 1RL.

The presentation currency of the financial statements is the Pound Stirling (£).

The figures are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Freehold Property - 2% on cost
Property Improvements - 25% on cost
Plant and Equipment-25% on cost
Fixtures, fittings and office equipment-25% on reducing balance
Motor vehicles-25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


Crandale Consultants Limited (Registered number: SC341267)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The financial statements are prepared on a going concern basis which assumes that the company will continue to trade. This assumption is based upon assurances provided by the directors / shareholders that if required they will provide financial assistance to enable the company to meet its financial commitments.

If the company were unable to continue to trade, adjustments would have to be made to reduce the asset values to their recoverable amounts and to provide for any further liabilities that might arise.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 10 ) .

Crandale Consultants Limited (Registered number: SC341267)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold Plant and & office
property machinery equipment
£    £    £   
COST
At 1 January 2023 148,879 28,211 5,474
Additions 259,337 - -
Disposals (148,879 ) (1,043 ) (170 )
At 31 December 2023 259,337 27,168 5,304
DEPRECIATION
At 1 January 2023 9,429 25,861 4,448
Charge for year 496 611 242
Eliminated on disposal (9,925 ) (392 ) (104 )
At 31 December 2023 - 26,080 4,586
NET BOOK VALUE
At 31 December 2023 259,337 1,088 718
At 31 December 2022 139,450 2,350 1,026

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 22,822 38,043 243,429
Additions - 2,893 262,230
Disposals - (1,506 ) (151,598 )
At 31 December 2023 22,822 39,430 354,061
DEPRECIATION
At 1 January 2023 13,037 22,983 75,758
Charge for year 709 3,742 5,800
Eliminated on disposal - (289 ) (10,710 )
At 31 December 2023 13,746 26,436 70,848
NET BOOK VALUE
At 31 December 2023 9,076 12,994 283,213
At 31 December 2022 9,785 15,060 167,671

Included within motor vehicles, are cherished number plates (£6,950), which have not been depreciated as they are not expected to decrease in value.

Crandale Consultants Limited (Registered number: SC341267)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 200,000
Revaluations 5,000
At 31 December 2023 205,000
NET BOOK VALUE
At 31 December 2023 205,000
At 31 December 2022 200,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 5,000
Cost 200,000
205,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 205,000 154,390

Investment properties were valued on an open market basis on 31 December 2023 by Mark Cavangh .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 65,318 138,699
Amounts owed by group undertakings - 10,811
Other debtors 317,677 292,563
382,995 442,073

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 166,250 -
Hire purchase contracts - 79
Trade creditors 495 22,758
Taxation and social security 585 29,593
Other creditors 1,341,379 1,461,633
1,508,709 1,514,063

Crandale Consultants Limited (Registered number: SC341267)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary Shares £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023 38,587
Transfer to/(from) Profit and
Loss 2,407

At 31 December 2023 40,994