1 January 2023 false No description of principal activity Taxfiler 2024.5 SC666217business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC6662172022-12-31 SC6662172023-01-012023-12-31 SC666217business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC666217business:AbridgedAccounts2023-01-012023-12-31 SC6662172023-12-31 SC666217business:Director12023-01-012023-12-31 SC666217business:Director22023-01-012023-12-31 SC666217business:RegisteredOffice2023-01-012023-12-31 SC6662172022-12-31 SC666217core:WithinOneYear2023-12-31 SC666217core:WithinOneYear2022-12-31 SC666217core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC666217core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC666217core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC666217core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC666217core:PreviouslyStatedAmount2023-12-31 SC666217core:PreviouslyStatedAmount2022-12-31 SC666217business:SmallEntities2023-01-012023-12-31 SC666217countries:Scotland2023-01-012023-12-31 SC666217core:LandBuildings2023-01-012023-12-31 SC666217core:PlantMachinery2023-01-012023-12-31 SC666217core:MotorVehicles2023-01-012023-12-31 SC666217core:FurnitureFittings2023-01-012023-12-31 SC666217core:MoreThanFiveYears2023-12-31 SC666217core:MoreThanFiveYears2022-12-31 SC6662172022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC666217 (Scotland)
Caledonian Events Limited Unaudited accounts for the year ended 31 December 2023
Caledonian Events Limited Unaudited accounts Contents
Page
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Caledonian Events Limited Company Information for the year ended 31 December 2023
Directors
R Steadman S Duncan
Company Number
SC666217 (Scotland)
Registered Office
C/o CMM Accountancy The Green House Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Caledonian Events Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,800 
18,900 
Tangible assets
45,907 
55,637 
62,707 
74,537 
Current assets
Inventories
21,467 
21,409 
Cash at bank and in hand
21,501 
23,262 
42,968 
44,671 
Creditors: amounts falling due within one year
(79,665)
(85,883)
Net current liabilities
(36,697)
(41,212)
Total assets less current liabilities
26,010 
33,325 
Provisions for liabilities
Deferred tax
(3,813)
(4,388)
Net assets
22,197 
28,937 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,097 
28,837 
Shareholders' funds
22,197 
28,937 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
R Steadman Director Company Registration No. SC666217
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Caledonian Events Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Caledonian Events Limited is a private company, limited by shares, registered in Scotland, registration number SC666217. The registered office is C/o CMM Accountancy, The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is being provided for at 10% per annum straight line.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
15% to 20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Caledonian Events Limited Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2023
21,000 
At 31 December 2023
21,000 
Amortisation
At 1 January 2023
2,100 
Charge for the year
2,100 
At 31 December 2023
4,200 
Net book value
At 31 December 2023
16,800 
At 31 December 2022
18,900 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
67,701 
Additions
379 
At 31 December 2023
68,080 
Depreciation
At 1 January 2023
12,064 
Charge for the year
10,109 
At 31 December 2023
22,173 
Net book value
At 31 December 2023
45,907 
At 31 December 2022
55,637 
6
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
101,529 
115,533 
7
Average number of employees
During the year the average number of employees was 8 (2022: 9).
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