IRIS Accounts Production v24.3.2.46 SC332511 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3325112023-06-30SC3325112024-06-30SC3325112023-07-012024-06-30SC3325112022-06-30SC3325112022-07-012023-06-30SC3325112023-06-30SC332511ns15:Scotland2023-07-012024-06-30SC332511ns14:PoundSterling2023-07-012024-06-30SC332511ns10:Director12023-07-012024-06-30SC332511ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC332511ns10:SmallEntities2023-07-012024-06-30SC332511ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC332511ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC332511ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC332511ns10:AbridgedAccounts2023-07-012024-06-30SC332511ns10:Director22023-07-012024-06-30SC332511ns10:CompanySecretary12023-07-012024-06-30SC332511ns10:RegisteredOffice2023-07-012024-06-30SC332511ns5:CurrentFinancialInstruments2024-06-30SC332511ns5:CurrentFinancialInstruments2023-06-30SC332511ns5:Non-currentFinancialInstruments2024-06-30SC332511ns5:Non-currentFinancialInstruments2023-06-30SC332511ns5:ShareCapital2024-06-30SC332511ns5:ShareCapital2023-06-30SC332511ns5:SharePremium2024-06-30SC332511ns5:SharePremium2023-06-30SC332511ns5:RetainedEarningsAccumulatedLosses2024-06-30SC332511ns5:RetainedEarningsAccumulatedLosses2023-06-30SC332511ns5:LeaseholdImprovements2023-07-012024-06-30SC332511ns5:PlantMachinery2023-07-012024-06-30SC332511ns5:FurnitureFittings2023-07-012024-06-30SC332511ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-30SC332511ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-30SC332511ns5:WithinOneYear2024-06-30SC332511ns5:WithinOneYear2023-06-30SC332511ns5:BetweenOneFiveYears2024-06-30SC332511ns5:BetweenOneFiveYears2023-06-30SC332511ns5:MoreThanFiveYears2024-06-30SC332511ns5:MoreThanFiveYears2023-06-30SC332511ns5:AllPeriods2024-06-30SC332511ns5:AllPeriods2023-06-30SC332511ns10:Director222023-06-30SC332511ns10:Director222022-06-30SC332511ns10:Director222023-07-012024-06-30SC332511ns10:Director222022-07-012023-06-30SC332511ns10:Director222024-06-30SC332511ns10:Director222023-06-30SC3325111ns10:Director12023-06-30SC3325111ns10:Director12022-06-30SC3325111ns10:Director12023-07-012024-06-30SC3325111ns10:Director12022-07-012023-06-30SC3325111ns10:Director12024-06-30SC3325111ns10:Director12023-06-30
REGISTERED NUMBER: SC332511 (Scotland)















Financial Statements For The Year Ended 30 June 2024

for

Crabshakk Ltd

Crabshakk Ltd (Registered number: SC332511)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Crabshakk Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTORS: L Jones
J N MacLeod





SECRETARY: L Jones





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC332511 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Crabshakk Ltd (Registered number: SC332511)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,109,965 1,238,182

CURRENT ASSETS
Stocks 36,000 37,000
Debtors 95,186 131,799
Cash at bank and in hand 224,706 78,419
355,892 247,218
CREDITORS
Amounts falling due within one year 885,378 745,455
NET CURRENT LIABILITIES (529,486 ) (498,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,479

739,945

CREDITORS
Amounts falling due after more than one
year

(12,853

)

(22,853

)

PROVISIONS FOR LIABILITIES (28,671 ) (7,545 )
NET ASSETS 538,955 709,547

CAPITAL AND RESERVES
Called up share capital 232 232
Share premium 399,908 399,908
Retained earnings 138,815 309,407
SHAREHOLDERS' FUNDS 538,955 709,547

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 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.

Crabshakk Ltd (Registered number: SC332511)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





J N MacLeod - Director


Crabshakk Ltd (Registered number: SC332511)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Crabshakk 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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 - 10% on cost
Fixed plant and equipment - 15% on cost
Fixtures and fittings - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the Statement of Comprehensive Income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises of current and deferred tax. Tax is recognised in the Statement of 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 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.

Crabshakk Ltd (Registered number: SC332511)

Notes to the Financial Statements - continued
For The Year Ended 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 shorter.

The interest element of these obligations is charged to the Statement of Comprehensive Income 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 the Statement of Comprehensive Income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 (2023 - 80 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,641,902
Additions 29,643
Disposals (1,208 )
At 30 June 2024 1,670,337
DEPRECIATION
At 1 July 2023 403,720
Charge for year 157,860
Eliminated on disposal (1,208 )
At 30 June 2024 560,372
NET BOOK VALUE
At 30 June 2024 1,109,965
At 30 June 2023 1,238,182


5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 31,447

Crabshakk Ltd (Registered number: SC332511)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 98,333 87,500
Between one and five years 400,000 398,333
In more than five years 200,000 300,000
698,333 785,833

6. SECURED DEBTS

The company bankers, The Royal Bank of Scotland PLC hold a floating charge over all assets over the company for amount due or becoming due.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
L Jones
Balance outstanding at start of year 15,301 (7,241 )
Amounts advanced 50,462 75,557
Amounts repaid (80,498 ) (53,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,735 ) 15,301

J N MacLeod
Balance outstanding at start of year 15,301 (7,241 )
Amounts advanced 50,462 75,557
Amounts repaid (80,498 ) (53,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,735 ) 15,301