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REGISTERED NUMBER: SC603106 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Caithness Electronics Limited

Caithness Electronics Limited (Registered number: SC603106)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caithness Electronics Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K A Paterson
Mrs L H Paterson





REGISTERED OFFICE: Monach Ard
Raggra
Thrumster
Wick
Caithness
KW1 5SE





REGISTERED NUMBER: SC603106 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Caithness Electronics Limited (Registered number: SC603106)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,322 2,048

CURRENT ASSETS
Stocks 1,927 3,948
Debtors 5 92 78
Cash at bank 13,955 51,576
15,974 55,602
CREDITORS
Amounts falling due within one year 6 17,155 27,721
NET CURRENT (LIABILITIES)/ASSETS (1,181 ) 27,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

141

29,929

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41 29,829
SHAREHOLDERS' FUNDS 141 29,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Caithness Electronics Limited (Registered number: SC603106)

Balance Sheet - continued
30 June 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 29 October 2024 and were signed on its behalf by:





K A Paterson - Director


Caithness Electronics Limited (Registered number: SC603106)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Caithness Electronics 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.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2023 - 2 ) .

Caithness Electronics Limited (Registered number: SC603106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 4,039
DEPRECIATION
At 1 July 2023 1,991
Charge for year 726
At 30 June 2024 2,717
NET BOOK VALUE
At 30 June 2024 1,322
At 30 June 2023 2,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 92 78

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 25 25
Taxation and social security 14,885 17,002
Other creditors 2,245 10,694
17,155 27,721