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REGISTERED NUMBER: SC494735 (Scotland)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

CWTS (SCOTLAND) LTD

CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CWTS (SCOTLAND) LTD

Company Information
for the Year Ended 31st January 2024







DIRECTOR: C G Wilson



SECRETARY: Miss S P Jamieson



REGISTERED OFFICE: Block 7 Unit 1
Caledonian Road
Lochshore Industrial Estate
Glengarnock
KA14 3BE



REGISTERED NUMBER: SC494735 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: The Royal Bank of Scotland
8 Church Street
Johnstone
PA5 8DX

CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,836 112,605

CURRENT ASSETS
Stocks 88,443 15,204
Debtors 5 96,777 88,021
Cash at bank and in hand 3 47,491
185,223 150,716
CREDITORS
Amounts falling due within one year 6 184,020 103,192
NET CURRENT ASSETS 1,203 47,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,039

160,129

CREDITORS
Amounts falling due after more than one
year

7

(24,544

)

(49,096

)

PROVISIONS FOR LIABILITIES (17,639 ) (21,395 )
NET ASSETS 51,856 89,638

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 51,855 89,637
51,856 89,638

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

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

CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)

Balance Sheet - continued
31st 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 director and authorised for issue on 8th July 2024 and were signed by:





C G Wilson - Director


CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

CWTS (Scotland) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 10% 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
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.

CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 218,107
Additions 10,913
At 31st January 2024 229,020
DEPRECIATION
At 1st February 2023 105,502
Charge for year 30,682
At 31st January 2024 136,184
NET BOOK VALUE
At 31st January 2024 92,836
At 31st January 2023 112,605

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 71,649
DEPRECIATION
At 1st February 2023 19,854
Charge for year 12,530
At 31st January 2024 32,384
NET BOOK VALUE
At 31st January 2024 39,265
At 31st January 2023 51,795

CWTS (SCOTLAND) LTD (REGISTERED NUMBER: SC494735)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,527 80,014
Other debtors 14,250 8,007
96,777 88,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,378 9,913
Hire purchase contracts 14,394 15,735
Trade creditors 109,800 33,328
Taxation and social security 32,205 39,019
Other creditors 5,243 5,197
184,020 103,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,887 24,046
Hire purchase contracts 10,657 25,050
24,544 49,096

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,051 40,785

Hire purchase contracts are secured over the assets concerned.

9. RELATED PARTY DISCLOSURES

The company has provided a guarantee for £55,000 on a loan taken out by the director during the year ended 31st January 2021.