REGISTERED NUMBER: |
CELTIC PRIDE LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
REGISTERED NUMBER: |
CELTIC PRIDE LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
CELTIC PRIDE LTD (REGISTERED NUMBER: 05347521) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
CELTIC PRIDE LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
45 High Street |
Haverfordwest |
Pembrokeshire |
SA61 2BP |
CELTIC PRIDE LTD (REGISTERED NUMBER: 05347521) |
STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
CELTIC PRIDE LTD (REGISTERED NUMBER: 05347521) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Celtic Pride Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Going concern |
The financial statements have been prepared on a going concern basis on the assumption that support will continue from Castell Howell Foods Limited. Castell Howell Foods Limited and Wynnstay Group Plc have provided a guarantee of £125,000 for the obligations of Celtic Pride Limited to its bank. Debtors includes £258,845 (2023 £258,160) owed by Celtica Foods Limited and £39,216 (2023 £34,544) owed by Castell Howell Limited. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CELTIC PRIDE LTD (REGISTERED NUMBER: 05347521) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 400 | - |
Other creditors |
Amounts owed to associated |
companies | 185,438 | 185,438 |
The company's bank, Barclays Bank Plc holds a debenture dated 16 May 2005. |
6. | RELATED PARTY DISCLOSURES |
Details of related party transactions are as follows:- |
Celtica Foods Limited | Castell Howell Foods Limited | Wynnstay Plc |
£ | £ | £ |
Sales | - | - | - |
Debtor | 258,845 | 39,216 | - |
Creditor | - | 176,438 | - |
Other creditor | - | 4,500 | 4,500 |
Castell Howell Foods Limited and Wynnstay Plc have provided a guarantee of £125,000 each for the obligations of Celtic Pride Limited. |
Related party disclosures for the year ended 31 January 2023: |
Celtica Foods Limited | Castell Howell Foods Limited | Wynnstay Plc |
£ | £ | £ |
Sales | - | - | - |
Debtor | 258,160 | 34,544 | - |
Creditor | - | 176,438 | - |
Other creditor | - | 4,500 | 4,500 |