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Cairn Incentives Limited

Registered Number
SC269239
(Scotland)

Unaudited Financial Statements for the Year ended
31 August 2024

Cairn Incentives Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Macmillan, Gary

Registered Address

10 Newton Terrace
Glasgow
G3 7PJ

Registered Number

SC269239 (Scotland)
Cairn Incentives Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-14,199
Tangible assets42,3202,729
2,32016,928
Current assets
Stocks5400400
Debtors81,81697,654
Cash at bank and on hand76,05838,456
158,274136,510
Creditors amounts falling due within one year6(135,707)(114,373)
Net current assets (liabilities)22,56722,137
Total assets less current liabilities24,88739,065
Creditors amounts falling due after one year7(7,904)(18,214)
Provisions for liabilities8(441)(699)
Net assets16,54220,152
Capital and reserves
Called up share capital115115
Other reserves1515
Profit and loss account16,41220,022
Shareholders' funds16,54220,152
The financial statements were approved and authorised for issue by the Director on 15 January 2025, and are signed on its behalf by:
Macmillan, Gary
Director
Registered Company No. SC269239
Cairn Incentives Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
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 Section1A Small Entities and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Office Equipment15
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 September 23310,498310,498
At 31 August 24310,498310,498
Amortisation and impairment
At 01 September 23296,299296,299
Charge for year14,19914,199
At 31 August 24310,498310,498
Net book value
At 31 August 24--
At 31 August 2314,19914,199
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 September 232,5435,38025,77033,693
At 31 August 242,5435,38025,77033,693
Depreciation and impairment
At 01 September 232,5435,38023,04130,964
Charge for year--409409
At 31 August 242,5435,38023,45031,373
Net book value
At 31 August 24--2,3202,320
At 31 August 23--2,7292,729
5.Stocks

2024

2023

££
Other stocks400400
Total400400
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables74,95348,735
Bank borrowings and overdrafts10,31110,056
Taxation and social security45,75146,500
Other creditors1,4056,587
Accrued liabilities and deferred income3,2872,495
Total135,707114,373
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,90418,214
Total7,90418,214
8.Provisions for liabilities

2024

2023

££
Other provisions441699
Total441699