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REGISTERED NUMBER: SC493696 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Caledonia Doors Limited

Caledonia Doors Limited (Registered number: SC493696)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caledonia Doors Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Kevin M Byrne
Michael Stokes





REGISTERED OFFICE: 9A Tannoch Drive
Lenziemill Industrial Estate
Cumbernauld
Glasgow
G67 2XX





REGISTERED NUMBER: SC493696 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Caledonia Doors Limited (Registered number: SC493696)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,232 145,051

CURRENT ASSETS
Stock 427,631 421,175
Debtors 5 266,371 166,406
Cash at bank and in hand 1,508 43,727
695,510 631,308
CREDITORS
Amounts falling due within one year 6 671,641 686,564
NET CURRENT ASSETS/(LIABILITIES) 23,869 (55,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,101

89,795

CREDITORS
Amounts falling due after more than one
year

7

(146,047

)

(34,465

)

PROVISIONS FOR LIABILITIES 10 (72,436 ) (5,418 )
NET ASSETS 119,618 49,912

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 119,616 49,910
SHAREHOLDERS' FUNDS 119,618 49,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Caledonia Doors Limited (Registered number: SC493696)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Kevin M Byrne - Director


Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Caledonia Doors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 36 ) .

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fittings
Long Plant and and
leasehold machinery equipment
£    £    £   
COST
At 1 March 2023 30,077 138,454 325
Additions - 226,381 -
At 29 February 2024 30,077 364,835 325
DEPRECIATION
At 1 March 2023 6,016 48,928 82
Charge for year 3,008 47,387 60
At 29 February 2024 9,024 96,315 142
NET BOOK VALUE
At 29 February 2024 21,053 268,520 183
At 28 February 2023 24,061 89,526 243

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 59,000 4,298 232,154
Additions - 1,416 227,797
At 29 February 2024 59,000 5,714 459,951
DEPRECIATION
At 1 March 2023 29,592 2,485 87,103
Charge for year 7,353 808 58,616
At 29 February 2024 36,945 3,293 145,719
NET BOOK VALUE
At 29 February 2024 22,055 2,421 314,232
At 28 February 2023 29,408 1,813 145,051

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 - 33,500 33,500
Additions 223,175 - 223,175
At 29 February 2024 223,175 33,500 256,675
DEPRECIATION
At 1 March 2023 - 8,375 8,375
Charge for year 33,476 6,282 39,758
At 29 February 2024 33,476 14,657 48,133
NET BOOK VALUE
At 29 February 2024 189,699 18,843 208,542
At 28 February 2023 - 25,125 25,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 266,371 155,225
Other debtors - 11,181
266,371 166,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 79,534 162,858
Hire purchase contracts (see note 8) 52,556 10,354
Trade creditors 367,551 422,164
Taxation and social security 98,931 63,160
Other creditors 73,069 28,028
671,641 686,564

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,333 13,333
Hire purchase contracts (see note 8) 132,714 12,944
Other creditors - 8,188
146,047 34,465

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 52,556 10,354
Between one and five years 132,714 12,944
185,270 23,298

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 34,153 -
Other loans 63,188 22,942
97,341 22,942

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 72,436 5,418

Deferred
tax
£   
Balance at 1 March 2023 5,418
Provided during year 67,018
Balance at 29 February 2024 72,436

Caledonia Doors Limited (Registered number: SC493696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2