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REGISTERED NUMBER: SC472220 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CARRIGANS (HAMILTON) LTD

CARRIGANS (HAMILTON) LTD (REGISTERED NUMBER: SC472220)






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 (HAMILTON) 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
Lanarkshire
G71 8ER





REGISTERED NUMBER: SC472220 (Scotland)





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

CARRIGANS (HAMILTON) LTD (REGISTERED NUMBER: SC472220)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,449,517 2,427,260

CURRENT ASSETS
Stocks 5 32,193 32,430
Debtors 6 99,912 614,397
Cash at bank and in hand 75,790 155,611
207,895 802,438
CREDITORS
Amounts falling due within one year 7 760,561 1,591,494
NET CURRENT LIABILITIES (552,666 ) (789,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,896,851

1,638,204

PROVISIONS FOR LIABILITIES 9 12,000 13,098
NET ASSETS 1,884,851 1,625,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,884,751 1,625,006
SHAREHOLDERS' FUNDS 1,884,851 1,625,106

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 (HAMILTON) LTD (REGISTERED NUMBER: SC472220)

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 29 January 2025 and were signed on its behalf by:




J Carrigan - Director



B Carrigan - Director


CARRIGANS (HAMILTON) LTD (REGISTERED NUMBER: SC472220)

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

1. STATUTORY INFORMATION

Carrigans (Hamilton) 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.

Turnover
Turnover represents the value of takings received exclusive of value added tax.

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
Motor vehicles - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 61 ) .

CARRIGANS (HAMILTON) LTD (REGISTERED NUMBER: SC472220)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 2,368,862 130,871 93,429 9,250 2,602,412
Additions 25,300 6,575 7,842 - 39,717
Disposals - (605 ) (1 ) - (606 )
At 31 May 2024 2,394,162 136,841 101,270 9,250 2,641,523
DEPRECIATION
At 1 June 2023 - 96,221 70,143 8,788 175,152
Charge for year - 10,518 6,941 - 17,459
Eliminated on disposal - (604 ) (1 ) - (605 )
At 31 May 2024 - 106,135 77,083 8,788 192,006
NET BOOK VALUE
At 31 May 2024 2,394,162 30,706 24,187 462 2,449,517
At 31 May 2023 2,368,862 34,650 23,286 462 2,427,260

5. STOCKS
31.5.24 31.5.23
£    £   
Stock 32,193 32,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 14,604 11,959
Amounts owed by group undertakings - 511,509
Other debtors - 550
Directors' current accounts - 10,329
Prepayments 85,308 80,050
99,912 614,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 169,986 104,029
Amounts owed to group undertakings 132,847 347,838
Amounts owed to associates 40,000 40,000
Corporation tax 93,259 73,701
Payroll taxation 17,258 17,583
Pension fund control 2,991 3,120
Arrestments 803 484
VAT 112,262 62,341
Directors' current accounts - 723,418
Accrued charges 191,155 218,980
760,561 1,591,494

CARRIGANS (HAMILTON) LTD (REGISTERED NUMBER: SC472220)

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

8. 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.

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 12,000 13,098

Deferred
tax
£   
Balance at 1 June 2023 13,098
Provided during year (1,098 )
Balance at 31 May 2024 12,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Carrigan.