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REGISTERED NUMBER: SC221866 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CAPERCAILLIE TRAVEL LIMITED

CAPERCAILLIE TRAVEL LIMITED (REGISTERED NUMBER: SC221866)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPERCAILLIE TRAVEL LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: G Brand



SECRETARY: L A Brand



REGISTERED OFFICE: 1 Lochhead Crescent
Coaltown of Wemyss
Fife
KY1 4LR



REGISTERED NUMBER: SC221866 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank of Scotland
PO BOX 10
Kirkcaldy
Fife
KY1 3PA

CAPERCAILLIE TRAVEL LIMITED (REGISTERED NUMBER: SC221866)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,896 17,668

CURRENT ASSETS
Debtors 5 43,571 34,269
Cash at bank and in hand 100,029 99,542
143,600 133,811
CREDITORS
Amounts falling due within one year 6 111,167 94,260
NET CURRENT ASSETS 32,433 39,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,329

57,219

CREDITORS
Amounts falling due after more than one year 7 (21,111 ) -

PROVISIONS FOR LIABILITIES (12,890 ) (3,776 )
NET ASSETS 68,328 53,443

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 68,327 53,442
SHAREHOLDERS' FUNDS 68,328 53,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 13 December 2024 and were signed by:





G Brand - Director


CAPERCAILLIE TRAVEL LIMITED (REGISTERED NUMBER: SC221866)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Capercaillie Travel Limited 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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, rebate and 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 material 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

CAPERCAILLIE TRAVEL LIMITED (REGISTERED NUMBER: SC221866)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 7,835 124,450 1,730 134,015
Additions - 76,000 - 76,000
Disposals - (26,500 ) - (26,500 )
At 31 August 2024 7,835 173,950 1,730 183,515
DEPRECIATION
At 1 September 2023 5,268 109,481 1,598 116,347
Charge for year 513 22,585 45 23,143
Eliminated on disposal - (25,871 ) - (25,871 )
At 31 August 2024 5,781 106,195 1,643 113,619
NET BOOK VALUE
At 31 August 2024 2,054 67,755 87 69,896
At 31 August 2023 2,567 14,969 132 17,668

At 31 August 2024 the net book value of assets held under hire purchase contracts was £57,000 (2023: £Nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,135 29,098
Other loan - 700
Tax 2,211 -
VAT 13,329 -
Prepayments and accrued income 5,896 4,471
43,571 34,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,333 -
Taxation and social security 730 14,372
Other creditors 97,104 79,888
111,167 94,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,111 -