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REGISTERED NUMBER: SC222391 (Scotland)















Unaudited Financial Statements

for the Period

1 September 2024 to 30 September 2024

for

Cartech (Peterhead) Limited

Cartech (Peterhead) Limited (Registered number: SC222391)






Contents of the Financial Statements
for the Period 1 September 2024 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cartech (Peterhead) Limited

Company Information
for the Period 1 September 2024 to 30 September 2024







DIRECTORS: R H Burgess
M Burgess
N Burgess





REGISTERED OFFICE: 15 Ugie Street
Peterhead
Aberdeenshire
AB42 1US





REGISTERED NUMBER: SC222391 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Cartech (Peterhead) Limited (Registered number: SC222391)

Balance Sheet
30 September 2024

30.9.24 31.8.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,301 145,565
Investment property 5 155,000 -
163,301 145,565

CURRENT ASSETS
Stocks 1,545 1,545
Debtors 6 37,807 33,581
Cash at bank 68,460 123,125
107,812 158,251
CREDITORS
Amounts falling due within one year 7 51,938 59,159
NET CURRENT ASSETS 55,874 99,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,175

244,657

PROVISIONS FOR LIABILITIES 1,577 2,115
NET ASSETS 217,598 242,542

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 6,362 -
Retained earnings 8 210,236 241,542
SHAREHOLDERS' FUNDS 217,598 242,542

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

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

Cartech (Peterhead) Limited (Registered number: SC222391)

Balance Sheet - continued
30 September 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 8 April 2025 and were signed on its behalf by:





R H Burgess - Director


Cartech (Peterhead) Limited (Registered number: SC222391)

Notes to the Financial Statements
for the Period 1 September 2024 to 30 September 2024

1. STATUTORY INFORMATION

Cartech (Peterhead) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property
The investment property was valued at fair value on 30 September 2024 by the company directors. Gains are recognised in the income statement.

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.

Cartech (Peterhead) Limited (Registered number: SC222391)

Notes to the Financial Statements - continued
for the Period 1 September 2024 to 30 September 2024

2. ACCOUNTING POLICIES - continued

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 period was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2024 148,638 73,316 9,700 1,698 233,352
Disposals - (9,463 ) - - (9,463 )
Reclassification/transfer (148,638 ) - - - (148,638 )
At 30 September 2024 - 63,853 9,700 1,698 75,251
DEPRECIATION
At 1 September 2024 11,891 67,076 7,974 846 87,787
Charge for period - 182 35 46 263
Eliminated on disposal - (9,209 ) - - (9,209 )
Charge written back (11,891 ) - - - (11,891 )
At 30 September 2024 - 58,049 8,009 892 66,950
NET BOOK VALUE
At 30 September 2024 - 5,804 1,691 806 8,301
At 31 August 2024 136,747 6,240 1,726 852 145,565

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 6,362
Reclassification/transfer 148,638
At 30 September 2024 155,000
NET BOOK VALUE
At 30 September 2024 155,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 6,362
Cost 148,638
155,000

Cartech (Peterhead) Limited (Registered number: SC222391)

Notes to the Financial Statements - continued
for the Period 1 September 2024 to 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.8.24
£    £   
Trade debtors 13,761 9,631
Other debtors 24,046 23,950
37,807 33,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.8.24
£    £   
Trade creditors 15,072 8,156
Taxation and social security 30,072 44,523
Other creditors 6,794 6,480
51,938 59,159

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2024 241,542 - 241,542
Deficit for the period (22,459 ) (22,459 )
Dividends (2,485 ) (2,485 )
Transfer (6,362 ) 6,362 -
At 30 September 2024 210,236 6,362 216,598

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2024 and the year ended 31 August 2024:

30.9.24 31.8.24
£    £   
R H Burgess
Balance outstanding at start of period 10,238 (15,232 )
Amounts advanced 72 25,507
Amounts repaid - (37 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,310 10,238

M Burgess
Balance outstanding at start of period 10,238 -
Amounts advanced 72 10,238
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,310 10,238