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REGISTERED NUMBER: SC535346 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Claddit (UK) Ltd

Claddit (UK) Ltd (Registered number: SC535346)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Claddit (UK) Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: W L Cooper
L L Cooper





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC535346 (Scotland)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Claddit (UK) Ltd (Registered number: SC535346)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437 648

CURRENT ASSETS
Debtors 5 46,766 42,372
Cash at bank and in hand 102 100
46,868 42,472
CREDITORS
Amounts falling due within one year 6 47,024 42,657
NET CURRENT LIABILITIES (156 ) (185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281

463

PROVISIONS FOR LIABILITIES 83 124
NET ASSETS 198 339

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98 239
SHAREHOLDERS' FUNDS 198 339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Claddit (UK) Ltd (Registered number: SC535346)

Statement of Financial Position - continued
31 May 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 16 December 2024 and were signed on its behalf by:





W L Cooper - Director


Claddit (UK) Ltd (Registered number: SC535346)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Claddit (UK) Ltd 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
The financial statements have bee prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

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% Straight line and 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Claddit (UK) Ltd (Registered number: SC535346)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 2,409
Additions 137
At 31 May 2024 2,546
DEPRECIATION
At 1 June 2023 1,761
Charge for year 348
At 31 May 2024 2,109
NET BOOK VALUE
At 31 May 2024 437
At 31 May 2023 648

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 4,776 21,750
Other debtors 41,990 20,622
46,766 42,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,703 2,210
Taxation and social security 34,997 35,507
Other creditors 4,324 4,940
47,024 42,657

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
W L Cooper
Balance outstanding at start of year 20,622 39,208
Amounts advanced 64,102 -
Amounts repaid (58,492 ) (18,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,232 20,622

Claddit (UK) Ltd (Registered number: SC535346)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

L L Cooper
Balance outstanding at start of year - 5,651
Amounts advanced 37,450 -
Amounts repaid (28,349 ) (5,651 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,101 -