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REGISTERED NUMBER: SC189045 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CELEBRATIONS (TURRIFF) LIMITED

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CELEBRATIONS (TURRIFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr R A Stephen
Mrs M H Stephen
Mrs L J Middleton





SECRETARY: Mrs L J Middleton





REGISTERED OFFICE: Speymuir
Victoria Street
Turriff
Aberdeenshire
AB53 4RE





REGISTERED NUMBER: SC189045 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,907,327 2,987,051
Investments 5 75 75
2,907,402 2,987,126

CURRENT ASSETS
Stocks 836,609 775,308
Debtors 6 452,503 224,825
Cash at bank and in hand 1,099,547 1,457,123
2,388,659 2,457,256
CREDITORS
Amounts falling due within one year 7 724,768 719,815
NET CURRENT ASSETS 1,663,891 1,737,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,571,293

4,724,567

CREDITORS
Amounts falling due after more than one year 8 (83,333 ) (133,333 )

PROVISIONS FOR LIABILITIES (20,265 ) (21,156 )
NET ASSETS 4,467,695 4,570,078

CAPITAL AND RESERVES
Called up share capital 859,586 859,586
Retained earnings 3,608,109 3,710,492
4,467,695 4,570,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET - continued
31 JANUARY 2024


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 30 September 2024 and were signed on its behalf by:




Mr R A Stephen - Director



Mrs L J Middleton - Director


CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Celebrations (Turriff) 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.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on cost and 12.5% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2023 - 85 ) .

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 4,143,465 787,840 4,931,305
Additions 10,427 49,209 59,636
At 31 January 2024 4,153,892 837,049 4,990,941
DEPRECIATION
At 1 February 2023 1,337,910 606,344 1,944,254
Charge for year 81,882 57,478 139,360
At 31 January 2024 1,419,792 663,822 2,083,614
NET BOOK VALUE
At 31 January 2024 2,734,100 173,227 2,907,327
At 31 January 2023 2,805,555 181,496 2,987,051

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 75
NET BOOK VALUE
At 31 January 2024 75
At 31 January 2023 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,835 9,886
Other debtors 441,668 214,939
452,503 224,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 268,428 255,028
Taxation and social security 139,149 161,938
Other creditors 317,191 302,849
724,768 719,815

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 83,333 133,333

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 250,000 -