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REGISTERED NUMBER: SC612305 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CARRIGANS (EAST KILBRIDE) LTD

CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARRIGANS (EAST KILBRIDE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Carrigan
Mrs MP Carrigan
B Carrigan





REGISTERED OFFICE: Castle Chambers
67 Main Street
Bothwell
Glasgow
G71 8ER





REGISTERED NUMBER: SC612305 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 792,360 826,946

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 70,412 174,582
Cash at bank and in hand 47,708 158,818
143,120 358,400
CREDITORS
Amounts falling due within one year 6 743,478 996,752
NET CURRENT LIABILITIES (600,358 ) (638,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,002

188,594

PROVISIONS FOR LIABILITIES 8 33,735 59,058
NET ASSETS 158,267 129,536

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,167 129,436
158,267 129,536

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.

CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:




J Carrigan - Director



B Carrigan - Director


CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Carrigans (East Kilbride) 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
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.

The financial statements have been prepared on a going concern basis, the validity of which depends on future support being available from the company's directors. At the date of signing these financial statements, this support has been secured.

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.
Freehold property - not provided
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost

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

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 balance sheet date.

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
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.

CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 657,419 138,744 267,745 1,063,908
Additions - 29,510 3,670 33,180
Disposals - (10,800 ) - (10,800 )
At 31 May 2024 657,419 157,454 271,415 1,086,288
DEPRECIATION
At 1 June 2023 - 75,438 161,524 236,962
Charge for year - 22,917 40,529 63,446
Eliminated on disposal - (6,480 ) - (6,480 )
At 31 May 2024 - 91,875 202,053 293,928
NET BOOK VALUE
At 31 May 2024 657,419 65,579 69,362 792,360
At 31 May 2023 657,419 63,306 106,221 826,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings - 89,919
Other debtors - 200
Directors' current accounts - 24,865
Prepayments 70,412 59,598
70,412 174,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 167,389 132,602
Amounts owed to group undertakings 302,261 504,974
Amounts owed to associates 23,187 23,367
Corporation tax 12,665 27,934
Payroll taxation 23,761 22,430
Pension fund control 2,991 2,868
VAT 69,849 85,943
Wages control (374 ) -
Directors' current accounts - 73,277
Accrued charges 141,749 123,357
743,478 996,752

7. SECURED DEBTS

Bank borrowings are secured by standard securities together with bonds and floating charges over the assets of the ultimate parent company and its subsidiaries.

CARRIGANS (EAST KILBRIDE) LTD (REGISTERED NUMBER: SC612305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 33,735 59,058

Deferred
tax
£   
Balance at 1 June 2023 59,058
Provided during year (25,323 )
Balance at 31 May 2024 33,735

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Carrigan.