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REGISTERED NUMBER: SC448992 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CARRIGANS (BLANTYRE) LTD

CARRIGANS (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)






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 (BLANTYRE) 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: SC448992 (Scotland)





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

CARRIGANS (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,695,487 2,698,103

CURRENT ASSETS
Stocks 63,728 63,728
Debtors 5 150,218 398,535
Cash at bank and in hand 52,129 61,028
266,075 523,291
CREDITORS
Amounts falling due within one year 6 679,573 694,741
NET CURRENT LIABILITIES (413,498 ) (171,450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,989

2,526,653

CREDITORS
Amounts falling due after more than one
year

7

(1,008,170

)

(1,326,457

)

PROVISIONS FOR LIABILITIES 10 (173,869 ) (174,405 )
NET ASSETS 1,099,950 1,025,791

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,099,850 1,025,691
SHAREHOLDERS' FUNDS 1,099,950 1,025,791

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 (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)

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


CARRIGANS (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)

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

1. STATUTORY INFORMATION

Carrigans (Blantyre) 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 65 ) .

CARRIGANS (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 2,648,076 235,844 332,833 3,216,753
Additions - 8,569 7,600 16,169
Disposals - (600 ) (490 ) (1,090 )
At 31 May 2024 2,648,076 243,813 339,943 3,231,832
DEPRECIATION
At 1 June 2023 - 199,084 319,566 518,650
Charge for year - 13,164 4,956 18,120
Eliminated on disposal - (180 ) (245 ) (425 )
At 31 May 2024 - 212,068 324,277 536,345
NET BOOK VALUE
At 31 May 2024 2,648,076 31,745 15,666 2,695,487
At 31 May 2023 2,648,076 36,760 13,267 2,698,103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,099 4,203
Amounts owed by group undertakings 39,603 242,990
Amounts owed by associates 450 450
Other debtors 103,066 150,892
150,218 398,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 8) 163,145 8,002
Trade creditors 180,637 136,779
Amounts owed to group undertakings - 128,487
Corporation tax 27,094 41,516
Payroll taxation 16,529 14,852
Pension fund control 3,875 3,091
Arrestments 1,313 257
VAT 114,801 109,133
Directors' current accounts - 78,984
Accrued charges 172,179 173,640
679,573 694,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 8) 1,008,170 1,326,457

CARRIGANS (BLANTYRE) LTD (REGISTERED NUMBER: SC448992)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,591 890,268

8. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 163,145 8,002

Amounts falling due between one and two years:
Bank loans - 1-2 years 163,145 144,373

Amounts falling due between two and five years:
Bank loans - 2-5 years 489,434 291,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,591 890,268

9. 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.

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 173,869 174,405

Deferred
tax
£   
Balance at 1 June 2023 174,405
Provided during year (536 )
Balance at 31 May 2024 173,869

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Carrigan.