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REGISTERED NUMBER: SC534738 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Cpc Largs Ltd

Cpc Largs Ltd (Registered number: SC534738)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Income Statement 2

Statement of Financial Position 3

Notes to the Financial Statements 5

Report of the Accountants 9

Cpc Largs Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G E Craig





REGISTERED OFFICE: 3 Murray Path
Uddingston
Scotland
Glasgow
G71 7QN





REGISTERED NUMBER: SC534738 (Scotland)





ACCOUNTANTS: William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

Cpc Largs Ltd (Registered number: SC534738)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   

TURNOVER 434,879 460,637

Cost of sales 203,980 172,392
GROSS PROFIT 230,899 288,245

Distribution costs 127,515 138,541
Administrative expenses 108,330 122,856
235,845 261,397
OPERATING (LOSS)/PROFIT 4 (4,946 ) 26,848


Interest payable and similar expenses 2,712 495
(LOSS)/PROFIT BEFORE TAXATION (7,658 ) 26,353

Tax on (loss)/profit 15,198 5,273
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(22,856

)

21,080

Cpc Largs Ltd (Registered number: SC534738)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 9,334 10,667
Tangible assets 6 1,167 1,367
10,501 12,034

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 7 44,461 8,253
Cash at bank and in hand 22,815 69,997
69,776 80,750
CREDITORS
Amounts falling due within one year 8 100,724 84,838
NET CURRENT LIABILITIES (30,948 ) (4,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,447

)

7,946

CREDITORS
Amounts falling due after more than one
year

9

12,963

18,500
NET LIABILITIES (33,410 ) (10,554 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (33,510 ) (10,654 )
(33,410 ) (10,554 )

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 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.

Cpc Largs Ltd (Registered number: SC534738)

Statement of Financial Position - 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.

The financial statements were approved by the director and authorised for issue on 13 February 2025 and were signed by:





G E Craig - Director


Cpc Largs Ltd (Registered number: SC534738)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Cpc Largs 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of fifteen years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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 statement of financial position date.

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.

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.

Cpc Largs Ltd (Registered number: SC534738)

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 15 (2023 - 14 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 200 240
Goodwill amortisation 1,333 1,334

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 20,000
AMORTISATION
At 1 June 2023 9,333
Charge for year 1,333
At 31 May 2024 10,666
NET BOOK VALUE
At 31 May 2024 9,334
At 31 May 2023 10,667

Cost or valuation at 31 May 2024 is represented by:

Goodwill
£   
Valuation in 2017 20,000

Cpc Largs Ltd (Registered number: SC534738)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,171 765 3,936
DEPRECIATION
At 1 June 2023 2,100 469 2,569
Charge for year 150 50 200
At 31 May 2024 2,250 519 2,769
NET BOOK VALUE
At 31 May 2024 921 246 1,167
At 31 May 2023 1,071 296 1,367

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 44,461 8,253

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 25,765 28,090
Taxation and social security 65,421 54,648
Other creditors 9,538 2,100
100,724 84,838

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 12,963 18,500

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
G E Craig
Balance outstanding at start of year (8,254 ) 315
Amounts advanced 35,000 25,481
Amounts repaid (71,207 ) (34,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,461 ) (8,254 )

Cpc Largs Ltd (Registered number: SC534738)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

11. RELATED PARTY DISCLOSURES

The director owns the heritable property at the site in Largs. The director has an interest in the rental of the company. It is the custom and practice to fund this business from loans made available to the director from his other businesses from time to time.

Cpc Largs Ltd

Report of the Accountants to the Director of
Cpc Largs Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


13 February 2025