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REGISTERED NUMBER: SC612249 (Scotland)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

Carbeth Plants Limited

Carbeth Plants Limited (Registered number: SC612249)

Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carbeth Plants Limited

Company Information
for the Period 1 November 2022 to 31 December 2023







Directors: Mr Martin McCarron
Mrs Stephanie McCarron





Registered office: Mount Ellon Golf Club
Lochend Road
Gartcosh
Glasgow
G69 8BD





Registered number: SC612249 (Scotland)





Accountants: Total Accounting Ltd.
10 Moncrieff Street
Paisley
PA3 2BE

Carbeth Plants Limited (Registered number: SC612249)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £   
Fixed assets
Property, plant and equipment 3 667,354 409,999

Current assets
Inventories 179,126 57,500
Debtors 4 8,395 62,502
Cash at bank 452,966 332,180
640,487 452,182
Creditors
Amounts falling due within one year 5 (337,045 ) (152,708 )
Net current assets 303,442 299,474
Total assets less current liabilities 970,796 709,473

Creditors
Amounts falling due after more than one year 6 (22,283 ) (17,230 )

Provisions for liabilities 7 (34,430 ) (26,091 )
Net assets 914,083 666,152

Capital and reserves
Called up share capital 100 100
Retained earnings 913,983 666,052
914,083 666,152

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Carbeth Plants Limited (Registered number: SC612249)

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 5 August 2024 and were signed on its behalf by:





Mr Martin McCarron - Director


Carbeth Plants Limited (Registered number: SC612249)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023


1. 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.

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 - Not depreciated
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the period 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 period 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.

2. Employees and directors

The average number of employees during the period was 49 (2022 - 11 ) .

Carbeth Plants Limited (Registered number: SC612249)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023


3. Property, plant and equipment
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 November 2022 296,061 149,875 445,936
Additions 231,197 48,582 279,779
At 31 December 2023 527,258 198,457 725,715
Depreciation
At 1 November 2022 3,828 32,109 35,937
Charge for period (3,828 ) 26,252 22,424
At 31 December 2023 - 58,361 58,361
Net book value
At 31 December 2023 527,258 140,096 667,354
At 31 October 2022 292,233 117,766 409,999

4. Debtors: amounts falling due within one year
2023 2022
as restated
£    £   
Other debtors 8,395 62,502

5. Creditors: amounts falling due within one year
2023 2022
as restated
£    £   
Bank loans and overdrafts 9,996 20,991
Hire purchase contracts 6,845 10,991
Trade creditors 139,251 98,636
Taxation and social security 134,041 21,548
Other creditors 46,912 542
337,045 152,708

6. Creditors: amounts falling due after more than one year
2023 2022
as restated
£    £   
Bank loans 16,219 17,230
Hire purchase contracts 6,064 -
22,283 17,230

Carbeth Plants Limited (Registered number: SC612249)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023


7. Provisions for liabilities
2023 2022
as restated
£    £   
Deferred tax
Accelerated capital allowances 34,430 26,091

Deferred
tax
£   
Balance at 1 November 2022
Prior year adjustment 26,091
As restated 26,091
Provided during period 8,339
Balance at 31 December 2023 34,430