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REGISTERED NUMBER: SC473317 (Scotland)















Audited Financial Statements for the Year Ended 31 December 2023

for

Caledonian Global Ltd

Caledonian Global Ltd (Registered number: SC473317)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Caledonian Global Ltd (Registered number: SC473317)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 147,199 64,853

CURRENT ASSETS
Stocks 580,463 593,657
Debtors 5 168,093 287,598
Cash at bank 15,968 65,768
764,524 947,023
CREDITORS
Amounts falling due within one year 6 (771,273 ) (504,705 )
NET CURRENT (LIABILITIES)/ASSETS (6,749 ) 442,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,450

507,171

CREDITORS
Amounts falling due after more than one
year

7

-

(152,961

)

PROVISIONS FOR LIABILITIES (36,800 ) (16,213 )
NET ASSETS 103,650 337,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,550 337,897
103,650 337,997

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 25 June 2024 and were signed on its behalf by:





Mr M Rabey - Director


Caledonian Global Ltd (Registered number: SC473317)

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

1. STATUTORY INFORMATION

Caledonian Global Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC473317. The registered office is Spectrum House South View, Dales Industrial Estate, Peterhead, Aberdeenshire, AB42 3JF.

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.

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 group undertakings.

Turnover
Turnover represents net invoiced sales of goods and services in respect of selling stone supplies, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Caledonian Global Ltd (Registered number: SC473317)

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

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 100,987
Additions 118,881
Disposals (10,800 )
At 31 December 2023 209,068
DEPRECIATION
At 1 January 2023 36,134
Charge for year 28,075
Eliminated on disposal (2,340 )
At 31 December 2023 61,869
NET BOOK VALUE
At 31 December 2023 147,199
At 31 December 2022 64,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 157,294 282,117
Amounts owed by group undertakings - 790
Other debtors 10,799 4,691
168,093 287,598

Caledonian Global Ltd (Registered number: SC473317)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 57,056 63,107
Amounts owed to group undertakings 661,901 299,784
Taxation and social security 43,282 111,072
Other creditors 9,034 30,742
771,273 504,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings - 152,961

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Greig Brown (Senior Statutory Auditor)
for and on behalf of Drummond Laurie CA

9. ULTIMATE PARENT COMPANY

The controlling party is Demco Group Limited.

Demco Group Limited is registered in Scotland under registration number SC584425. The registered office is Spectrum House South View, Dales Industrial Estate, Peterhead, Scotland, AB42 3JF.