IRIS Accounts Production v24.1.0.578 SC471194 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4711942023-02-28SC4711942024-02-29SC4711942023-03-012024-02-29SC4711942022-02-28SC4711942022-03-012023-02-28SC4711942023-02-28SC471194ns15:Scotland2023-03-012024-02-29SC471194ns14:PoundSterling2023-03-012024-02-29SC471194ns10:Director12023-03-012024-02-29SC471194ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC471194ns10:SmallEntities2023-03-012024-02-29SC471194ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC471194ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC471194ns10:FullAccounts2023-03-012024-02-29SC471194ns10:Director22023-03-012024-02-29SC471194ns10:RegisteredOffice2023-03-012024-02-29SC471194ns5:CurrentFinancialInstruments2024-02-29SC471194ns5:CurrentFinancialInstruments2023-02-28SC471194ns5:ShareCapital2024-02-29SC471194ns5:ShareCapital2023-02-28SC471194ns5:RetainedEarningsAccumulatedLosses2024-02-29SC471194ns5:RetainedEarningsAccumulatedLosses2023-02-28SC471194ns5:PlantMachinery2023-03-012024-02-29SC471194ns5:PlantMachinery2023-02-28SC471194ns5:PlantMachinery2024-02-29SC471194ns5:PlantMachinery2023-02-28SC471194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-29SC471194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: SC471194 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Callum Williamson Limited

Callum Williamson Limited (Registered number: SC471194)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Callum Williamson Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M B Williamson
Mrs H Williamson





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC471194 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Callum Williamson Limited (Registered number: SC471194)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650 136
Investment property 5 637,856 637,856
638,506 637,992

CURRENT ASSETS
Stocks 230,000 1,331,818
Debtors 6 66,220 64,881
Cash at bank 241,444 47,383
537,664 1,444,082
CREDITORS
Amounts falling due within one year 7 125,862 1,090,246
NET CURRENT ASSETS 411,802 353,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,050,308

991,828

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,050,305 991,825
SHAREHOLDERS' FUNDS 1,050,308 991,828

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.

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 18 October 2024 and were signed on its behalf by:



M B Williamson - Director


Callum Williamson Limited (Registered number: SC471194)

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

1. STATUTORY INFORMATION

Callum Williamson 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.
Plant and machinery etc - 33% on reducing balance and 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 3 (2023 - 3 ) .

Callum Williamson Limited (Registered number: SC471194)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 5,908
Additions 834
At 29 February 2024 6,742
DEPRECIATION
At 1 March 2023 5,772
Charge for year 320
At 29 February 2024 6,092
NET BOOK VALUE
At 29 February 2024 650
At 28 February 2023 136

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 637,856
NET BOOK VALUE
At 29 February 2024 637,856
At 28 February 2023 637,856

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 66,220 64,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 26,987 33,492
Taxation and social security 13,694 104,400
Other creditors 85,181 952,354
125,862 1,090,246

8. CONTINGENT LIABILITIES

As at 28 February 2024 the company had no contingent liabilities (2023 - £nil).

9. CAPITAL COMMITMENTS

As at 28 February 2024 the company had no capital commitments (2023 - £nil).

Callum Williamson Limited (Registered number: SC471194)

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

10. RELATED PARTY DISCLOSURES

As at 29 February 2024 included within other debtors is a balance due from M Williamson of £7,125 (2023 - £5,198 creditor) and included within other creditors is a balance due to H Williamson of £4,040 (2023 - £668). This balance has no fixed repayment date and no interest is charged thereon.