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REGISTERED NUMBER: SC359988 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Castle Brae Ltd

Castle Brae Ltd (Registered number: SC359988)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castle Brae Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: S Mohammed





REGISTERED OFFICE: Unit 2
119 Stravanan Road
Glasgow
G45 9UT





REGISTERED NUMBER: SC359988 (Scotland)






Castle Brae Ltd (Registered number: SC359988)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 999 1,250

CURRENT ASSETS
Stocks 5 136,815 134,800
Cash at bank and in hand 15,635 30,627
152,450 165,427
CREDITORS
Amounts falling due within one year 6 152,740 157,325
NET CURRENT (LIABILITIES)/ASSETS (290 ) 8,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

709

9,352

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 708 9,351
SHAREHOLDERS' FUNDS 709 9,352

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.

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 26 February 2025 and were signed by:



S Mohammed - Director


Castle Brae Ltd (Registered number: SC359988)

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

1. STATUTORY INFORMATION

Castle Brae 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.

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.

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 4 (2023 - 4 ) .

Castle Brae Ltd (Registered number: SC359988)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 35,755 8,000 43,755
DEPRECIATION
At 1 June 2023 34,708 7,797 42,505
Charge for year 210 41 251
At 31 May 2024 34,918 7,838 42,756
NET BOOK VALUE
At 31 May 2024 837 162 999
At 31 May 2023 1,047 203 1,250

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 136,815 134,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Director loans 125,163 133,836
Trade creditors 15,449 10,246
Tax - 2,345
Social security and other taxes 406 438
VAT 3,022 2,660
Accrued expenses 8,700 7,800
152,740 157,325

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary 1 1 1

Castle Brae Ltd (Registered number: SC359988)

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

8. RESERVES
Retained
earnings
£   

At 1 June 2023 9,351
Deficit for the year (8,643 )
At 31 May 2024 708