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REGISTERED NUMBER: SC381869 (Scotland)















Financial Statements for the Year Ended 31 July 2024

for

CTAC (Scotland) Limited

CTAC (Scotland) Limited (Registered number: SC381869)






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


CTAC (Scotland) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: G A Duncan





SECRETARY:





REGISTERED OFFICE: 14 School Road
Balmullo
St Andrews
Fife
KY16 0BD





REGISTERED NUMBER: SC381869 (Scotland)





ACCOUNTANTS: Monteaths
Cairnfield
14 School Road
Balmullo
St Andrews
Fife
KY16 0BD

CTAC (Scotland) Limited (Registered number: SC381869)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 151,086 151,357
151,086 151,357

CURRENT ASSETS
Stocks 145,750 160,300
Debtors 6 1,548 1,143
Cash at bank and in hand 16,899 5,636
164,197 167,079
CREDITORS
Amounts falling due within one year 7 91,342 56,405
NET CURRENT ASSETS 72,855 110,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,941

262,031

CREDITORS
Amounts falling due after more than one
year

8

251,653

269,653
NET LIABILITIES (27,712 ) (7,622 )

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 9 9
Retained earnings (27,722 ) (7,632 )
(27,712 ) (7,622 )

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.

CTAC (Scotland) Limited (Registered number: SC381869)

Balance Sheet - continued
31 July 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 24 October 2024 and were signed by:





G A Duncan - Director


CTAC (Scotland) Limited (Registered number: SC381869)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

CTAC (Scotland) 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 2018, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 20% 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 100,000
AMORTISATION
At 1 August 2023
and 31 July 2024 100,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

CTAC (Scotland) Limited (Registered number: SC381869)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 150,000 3,330 153,330
DEPRECIATION
At 1 August 2023 - 1,973 1,973
Charge for year - 271 271
At 31 July 2024 - 2,244 2,244
NET BOOK VALUE
At 31 July 2024 150,000 1,086 151,086
At 31 July 2023 150,000 1,357 151,357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 346 60
Other debtors 1,202 1,083
1,548 1,143

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 41,235 30,635
Taxation and social security 1,230 4,332
Other creditors 48,877 21,438
91,342 56,405

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other creditors 251,653 269,653

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has advanced a loan to the company of £45,208 (2023 - £19,653). This loan is interest free and has no repayment terms.