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REGISTERED NUMBER: SC395168 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SCOTCAN CATERING LTD

SCOTCAN CATERING LTD (REGISTERED NUMBER: SC395168)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCOTCAN CATERING LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: J R Hughes
Mrs S S Hughes



REGISTERED OFFICE: 8 High Street
Belhaven
Dunbar
East Lothian
EH42 1NP



REGISTERED NUMBER: SC395168 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank Of Scotland
44 Court Street
Haddington
EH41 3NP

SCOTCAN CATERING LTD (REGISTERED NUMBER: SC395168)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,753 339,053

CURRENT ASSETS
Stocks 5 15,670 15,748
Debtors 6 2,744 837
Cash at bank and in hand 25,557 39,041
43,971 55,626
CREDITORS
Amounts falling due within one year 7 190,854 179,620
NET CURRENT LIABILITIES (146,883 ) (123,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,870

215,059

CREDITORS
Amounts falling due after more than one year 8 155,490 184,495
NET ASSETS 26,380 30,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,280 30,464
SHAREHOLDERS' FUNDS 26,380 30,564

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

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

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 26 March 2025 and were signed on its behalf by:



Mrs S S Hughes - Director


SCOTCAN CATERING LTD (REGISTERED NUMBER: SC395168)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

ScotCan Catering 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 (£), rounded to the nearest £.

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.
Improvements to property - 20% on cost
Equipment - 20% on reducing balance
Motor vehicles - 20% 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.

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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 material 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 27 (2023 - 24 ) .

SCOTCAN CATERING LTD (REGISTERED NUMBER: SC395168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor
property property Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 279,783 97,060 82,435 31,072 490,350
Additions - - 4,894 500 5,394
At 30 September 2024 279,783 97,060 87,329 31,572 495,744
DEPRECIATION
At 1 October 2023 - 92,611 43,522 15,164 151,297
Charge for year - 3,231 9,181 3,282 15,694
At 30 September 2024 - 95,842 52,703 18,446 166,991
NET BOOK VALUE
At 30 September 2024 279,783 1,218 34,626 13,126 328,753
At 30 September 2023 279,783 4,449 38,913 15,908 339,053

5. STOCKS
2024 2023
£    £   
Stocks 15,670 15,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 105
Other debtors 2,744 732
2,744 837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,774 14,698
Taxation and social security 50,280 47,308
Other creditors 112,800 117,614
190,854 179,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 155,490 184,495

SCOTCAN CATERING LTD (REGISTERED NUMBER: SC395168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other Loan 167,828 -

Greene King Brewing and Retailing Limited holds a standard security over property at 8 High Street, Belhaven, Dunbar, EH42 1NP.

The loan is subject to interest at the rate of 7% and has repayable date of May 2033.

10. BOUNCE BACK LOAN SCHEME

The company has borrowed £50,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2024 2023
£    £   
< 1 year 10,000 10,000
2-5 years 6,667 16,667
> 5 years - -
16,667 26,667