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REGISTERED NUMBER: SC568894 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KEITH CALLUM CARPENTRY AND JOINERY LTD

KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEITH CALLUM CARPENTRY AND JOINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr K Callum



REGISTERED OFFICE: 33 Cairngorm Avenue
Grantown on Spey
PH26 3EX



REGISTERED NUMBER: SC568894 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
29 Harbour Road
Inverness
IV1 1NU

KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,628 75,188

CURRENT ASSETS
Stocks 19,424 31,496
Debtors 5 1,365 1,029
Cash at bank 40,603 40,277
61,392 72,802
CREDITORS
Amounts falling due within one year 6 77,366 62,621
NET CURRENT (LIABILITIES)/ASSETS (15,974 ) 10,181
TOTAL ASSETS LESS CURRENT LIABILITIES 114,654 85,369

CREDITORS
Amounts falling due after more than one
year

7

(44,386

)

(36,422

)

PROVISIONS FOR LIABILITIES 8 (14,204 ) (14,286 )
NET ASSETS 56,064 34,661

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 9 1 1
Profit and loss account - distributable 56,063 34,660
SHAREHOLDERS' FUNDS 56,064 34,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Mr K Callum - Director


KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Keith Callum Carpentry and Joinery 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

WORK IN PROGRESS
Work in progress is based on incomplete contracts at the year end, valued at charge out rates less any amounts not recoverable in the opinion of the Director.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 - 116,883 116,883
Additions 55,868 18,904 74,772
Disposals - (1,747 ) (1,747 )
At 30 June 2024 55,868 134,040 189,908
DEPRECIATION
At 1 July 2023 - 41,695 41,695
Charge for year - 18,590 18,590
Eliminated on disposal - (1,005 ) (1,005 )
At 30 June 2024 - 59,280 59,280
NET BOOK VALUE
At 30 June 2024 55,868 74,760 130,628
At 30 June 2023 - 75,188 75,188

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 74,583
DEPRECIATION
At 1 July 2023 24,785
Charge for year 12,450
At 30 June 2024 37,235
NET BOOK VALUE
At 30 June 2024 37,348
At 30 June 2023 49,798

KEITH CALLUM CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: SC568894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,365 1,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,071 3,333
Hire purchase contracts 12,800 12,800
Trade creditors 850 13,692
Taxation and social security 19,661 3,657
Other creditors 34,984 29,139
77,366 62,621

Included in other creditors is a loan from the director, Mr K Callum. At the balance sheet date this loan amounted to £28,701 (2023: £25,217). The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,097 3,333
Hire purchase contracts 20,289 33,089
44,386 36,422

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,204 14,286

Deferred
tax
£   
Balance at 1 July 2023 14,286
Provided during year (82 )
Balance at 30 June 2024 14,204

9. ALLOTTED, CALLED UP AND FULLY
PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr K Callum, by virtue of his 100% ownership of the issued Ordinary Share Capital.