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REGISTERED NUMBER: SC191127 (Scotland)















Unaudited Financial Statements

for the Period

1 January 2023 to 30 June 2024

for

Craigton Packaging Limited

Craigton Packaging Limited (Registered number: SC191127)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craigton Packaging Limited

Company Information
for the Period 1 January 2023 to 30 June 2024







DIRECTORS: G J Fleming
D J Harris





REGISTERED OFFICE: 43-45 Scotts Road
Paisley
RENFREWSHIRE
PA2 7AN





REGISTERED NUMBER: SC191127 (Scotland)





ACCOUNTANTS: MacMillan Craig
Chartered Accountants
100 Brand Street
Glasgow
G51 1DG

Craigton Packaging Limited (Registered number: SC191127)

Balance Sheet
30 June 2024

30.6.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,237 23,447
Tangible assets 5 198,274 46,150
Investments 6 1,000 1,000
205,511 70,597

CURRENT ASSETS
Stocks 37,896 50,421
Debtors 7 229,431 279,995
Cash at bank and in hand 44,651 87,690
311,978 418,106
CREDITORS
Amounts falling due within one year 8 360,665 223,014
NET CURRENT (LIABILITIES)/ASSETS (48,687 ) 195,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,824

265,689

CREDITORS
Amounts falling due after more than one
year

9

(140,519

)

-

PROVISIONS FOR LIABILITIES - (5,000 )
NET ASSETS 16,305 260,689

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,303 260,687
SHAREHOLDERS' FUNDS 16,305 260,689

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

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

Craigton Packaging Limited (Registered number: SC191127)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





G J Fleming - Director


Craigton Packaging Limited (Registered number: SC191127)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 June 2024

1. STATUTORY INFORMATION

Craigton Packaging 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.

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.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 20% on cost, Straight line over 10 years, Straight line over 15 years and Straight line over 4 years

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 period 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 period 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.

Craigton Packaging Limited (Registered number: SC191127)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
As at the date of approval of the financial statements, the directors have a reasonable expectation that the company has adequate financial resources to continue operating for the foreseeable future and that the adoption of the going concern basis of accounting is appropriate.

Government grants
Revenue grants are credited to income in the appropriate period to match the relevant expenditure. Capital grants are amortised in line with the depreciation of the relevant assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 30 June 2024 83,348
AMORTISATION
At 1 January 2023 59,901
Charge for period 17,210
At 30 June 2024 77,111
NET BOOK VALUE
At 30 June 2024 6,237
At 31 December 2022 23,447

Craigton Packaging Limited (Registered number: SC191127)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 26,931 309,011 6,972 92,701 435,615
Additions 30,917 168,147 - 10,988 210,052
At 30 June 2024 57,848 477,158 6,972 103,689 645,667
DEPRECIATION
At 1 January 2023 7,891 294,822 6,610 80,142 389,465
Charge for period 7,379 41,147 272 9,130 57,928
At 30 June 2024 15,270 335,969 6,882 89,272 447,393
NET BOOK VALUE
At 30 June 2024 42,578 141,189 90 14,417 198,274
At 31 December 2022 19,040 14,189 362 12,559 46,150

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
Additions 24,657 109,309 133,966
At 30 June 2024 24,657 109,309 133,966
DEPRECIATION
Charge for period 3,552 19,748 23,300
At 30 June 2024 3,552 19,748 23,300
NET BOOK VALUE
At 30 June 2024 21,105 89,561 110,666

Craigton Packaging Limited (Registered number: SC191127)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 30 June 2024 300,000
PROVISIONS
At 1 January 2023
and 30 June 2024 299,000
NET BOOK VALUE
At 30 June 2024 1,000
At 31 December 2022 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.12.22
£    £   
Trade debtors 198,988 232,025
Amounts owed by group undertakings - 6,480
Other debtors 2,619 -
Directors' current accounts 648 -
Prepayments and accrued income 27,176 41,490
229,431 279,995

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.12.22
£    £   
Hire purchase contracts 34,654 -
Trade creditors 107,284 155,076
Social security and other taxes 12,448 11,852
VAT 28,655 3,296
Other creditors 23,366 3,366
Due to subsidiary company 1,000 1,000
Accrued expenses 153,258 48,424
360,665 223,014

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 31.12.22
£    £   
Hire purchase contracts 68,019 -
Other creditors 72,500 -
140,519 -

Craigton Packaging Limited (Registered number: SC191127)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

10. CONTINGENT LIABILITIES

The company is the principal in an arrangement whereby its bankers have given a guarantee to HM Customs & Excise amounting to £20,000, as security for duty on bonded goods in transit.


11. OTHER FINANCIAL COMMITMENTS

The company has total commitments at the balance sheet date of £1,304,584 (2022: £871,115).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024 and the year ended 31 December 2022:

30.6.24 31.12.22
£    £   
D J Harris
Balance outstanding at start of period - -
Amounts advanced 648 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 648 -

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Harris.

14. GOVERNMENT GRANTS

The amounts recognised in the financial statements for government grants are as follows:

£

Amounts received 110,000

Credited to profit and loss 17,500
Balance of deferred income as at 30 June 2024 92,500