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REGISTERED NUMBER: SC378868 (Scotland)
















Financial Statements

for the Year Ended 31 December 2023

for

CAM Autos Ltd.

CAM Autos Ltd. (Registered number: SC378868)






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

CAM Autos Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C McAdam
Mrs A McAdam





REGISTERED OFFICE: Unit 2
1 Alleysbank Road
Rutherglen
Glasgow
G73 1LX





REGISTERED NUMBER: SC378868 (Scotland)

CAM Autos Ltd. (Registered number: SC378868)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 21,532 70,316

CREDITORS
Amounts falling due within one year 5 21,447 38,231
NET CURRENT ASSETS 85 32,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

85

32,085

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 84 32,084
SHAREHOLDERS' FUNDS 85 32,085

The company is entitled to exemption from audit under Section 480 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.

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 Profit and loss account has not been delivered.

CAM Autos Ltd. (Registered number: SC378868)

Balance Sheet - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr C McAdam - Director


CAM Autos Ltd. (Registered number: SC378868)

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

1. STATUTORY INFORMATION

CAM Autos Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
As indicated in the directors report the companies trading activities effectively came to a close in November 2021. Steps are being taken to deal with other matters related to the company and once dealt with a decision will be make regarding the future use of the company.

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 it's Parent Company KCM Holdings (Scotland) Limited or wholly owned subsidiaries within the group.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 21,447 37,962
Taxation and social security - 269
21,447 38,231

5. CONTINGENT LIABILITIES

The company has granted a corporate guarantee in favour of the bank in respect of all borrowings of its parent company, KCM Holdings (Scotland) Limited. As at 31 December 2023 these liabilities amounted to £Nil (2022: £Nil).

The company has granted a further corporate guarantee, in favour of the bank, in respect of all bank borrowings of AEP (Scotland) Limited. As at 31 December 2023 these liabilities amounted to £268,642 (2022: £402,251).

6. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Colin McAdam and Aileen McAdam by virtue of their 100% holding in the ultimate parent company KCM Holdings (Scotland) Ltd.