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REGISTERED NUMBER: SC167320 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALEY PRINT & STATIONERY LIMITED

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)






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


CALEY PRINT & STATIONERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: C Porter
J Porter





SECRETARY: J Porter





REGISTERED OFFICE: 250 Seaward Street
Glasgow
Strathclyde
G41 1NG





REGISTERED NUMBER: SC167320 (Scotland)





ACCOUNTANTS: Portlands
The Alhambra Suite
82 Mitchell Street
Glasgow
G1 3NA

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 130,988 160,096
Tangible assets 5 544,367 565,383
Investments 6 363 363
675,718 725,842

CURRENT ASSETS
Stocks 721,819 624,121
Debtors 7 1,622,241 1,468,763
Cash at bank and in hand 1,923 42,055
2,345,983 2,134,939
CREDITORS
Amounts falling due within one year 8 (2,196,972 ) (1,959,768 )
NET CURRENT ASSETS 149,011 175,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,729

901,013

CREDITORS
Amounts falling due after more than one
year

9

(264,750

)

(385,299

)
NET ASSETS 559,979 515,714

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 559,879 515,614
SHAREHOLDERS' FUNDS 559,979 515,714

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.

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

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 27 August 2024 and were signed on its behalf by:





C Porter - Director


CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Caley Print & Stationery 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Stocks 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 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.

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 436,618
AMORTISATION
At 1 January 2023 276,522
Charge for year 29,108
At 31 December 2023 305,630
NET BOOK VALUE
At 31 December 2023 130,988
At 31 December 2022 160,096

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 360,372 951,153 34,715 294,907 1,641,147
Additions 6,303 65,157 8,088 - 79,548
Disposals - - - (6,678 ) (6,678 )
At 31 December 2023 366,675 1,016,310 42,803 288,229 1,714,017
DEPRECIATION
At 1 January 2023 249,636 768,627 13,517 43,984 1,075,764
Charge for year 21,162 32,759 6,261 39,062 99,244
Eliminated on disposal - - - (5,358 ) (5,358 )
At 31 December 2023 270,798 801,386 19,778 77,688 1,169,650
NET BOOK VALUE
At 31 December 2023 95,877 214,924 23,025 210,541 544,367
At 31 December 2022 110,736 182,526 21,198 250,923 565,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 556,908 253,647 810,555
Additions 43,938 - 43,938
Transfer to ownership (556,908 ) (33,489 ) (590,397 )
At 31 December 2023 43,938 220,158 264,096
DEPRECIATION
At 1 January 2023 376,403 36,219 412,622
Charge for year 3,661 30,464 34,125
Transfer to ownership (376,403 ) (19,154 ) (395,557 )
At 31 December 2023 3,661 47,529 51,190
NET BOOK VALUE
At 31 December 2023 40,277 172,629 212,906
At 31 December 2022 180,505 217,428 397,933

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 363
NET BOOK VALUE
At 31 December 2023 363
At 31 December 2022 363

During the year the company purchased 100% of the share capital of CPG2017 Ltd. The company also invested in Eurosafe Limited

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,394,148 1,264,331
Other debtors 228,093 204,432
1,622,241 1,468,763

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 101,397 101,245
Hire purchase contracts 50,518 41,302
Trade creditors 1,046,491 870,056
Amounts owed by Subsidiary - 100
Taxation and social security 233,169 139,898
Other creditors 765,397 807,167
2,196,972 1,959,768

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 168,344 269,741
Hire purchase contracts 96,406 115,558
264,750 385,299

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 17,889

CALEY PRINT & STATIONERY LIMITED (REGISTERED NUMBER: SC167320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 269,741 370,986
Hire purchase contracts 146,924 156,860
Invoice Finance Creditor - 715,893
416,665 1,243,739