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REGISTERED NUMBER: SC620337 (Scotland)















Cala Investments Limited

Financial Statements For The Year Ended 31 July 2024






Cala Investments Limited (Registered number: SC620337)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Cala Investments Limited

Company Information
For The Year Ended 31 July 2024







DIRECTOR: W E Macleman





SECRETARY: Mrs A I Macleman





REGISTERED OFFICE: Park House Business Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC620337 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Cala Investments Limited (Registered number: SC620337)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,137 8,198

CURRENT ASSETS
Cash at bank 56,235 34,733

CREDITORS
Amounts falling due within one year 5 20,048 21,561
NET CURRENT ASSETS 36,187 13,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,324

21,370

PROVISIONS FOR LIABILITIES 6 329 575
NET ASSETS 41,995 20,795

CAPITAL AND RESERVES
Called up share capital 7 20,000 8,000
Retained earnings 8 21,995 12,795
SHAREHOLDERS' FUNDS 41,995 20,795

Cala Investments Limited (Registered number: SC620337)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 22 August 2024 and were signed by:





W E Macleman - Director


Cala Investments Limited (Registered number: SC620337)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Cala Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Cala Investments Limited (Registered number: SC620337)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 August 2023 13,874
Additions 824
At 31 July 2024 14,698
DEPRECIATION
At 1 August 2023 5,676
Charge for year 2,885
At 31 July 2024 8,561
NET BOOK VALUE
At 31 July 2024 6,137
At 31 July 2023 8,198

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 17,014 16,621
Other creditors 3,034 4,940
20,048 21,561

6. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 329 575

Deferred
tax
£   
Balance at 1 August 2023 575
Provided during year (246 )
Balance at 31 July 2024 329

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
20,000 Ordinary £1 20,000 8,000

12,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

Cala Investments Limited (Registered number: SC620337)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

8. RESERVES
Retained
earnings
£   

At 1 August 2023 12,795
Profit for the year 44,750
Dividends (35,550 )
At 31 July 2024 21,995

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,973 (2023 - £28,920) were paid to the director .

W E Macleman
is a director of the company


Included in other creditors is an interest free directors loan. There are no repayment terms

31.7.24 31.7.23
£    £   
Amount due to related party at the balance sheet date 44 24

10. ULTIMATE CONTROLLING PARTY

The controlling party is W E Macleman.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cala Investments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cala Investments Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cala Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cala Investments Limited and state those matters that we have agreed to state to the director of Cala Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cala Investments Limited and its director for our work or for this report.

It is your duty to ensure that Cala Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cala Investments Limited. You consider that Cala Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cala Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


22 August 2024