Company registration number SC171308 (Scotland)
ANDERSEN CALEDONIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ANDERSEN CALEDONIA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
ANDERSEN CALEDONIA LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,383,449
1,372,208
Current assets
Stocks
211,335
244,831
Debtors
5
963,489
852,414
Cash at bank and in hand
180,692
157,620
1,355,516
1,254,865
Creditors: amounts falling due within one year
6
(1,049,428)
(1,013,909)
Net current assets
306,088
240,956
Total assets less current liabilities
1,689,537
1,613,164
Creditors: amounts falling due after more than one year
7
(746,506)
(802,738)
Provisions for liabilities
8
(168,780)
(147,211)
Net assets
774,251
663,215
Capital and reserves
Called up share capital
368,686
368,686
Share premium account
500,962
500,962
Profit and loss reserves
(95,397)
(206,433)
Total equity
774,251
663,215

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ANDERSEN CALEDONIA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 1 April 2025 and are signed on its behalf by:
Mr J P Lintott
Director
Company Registration No. SC171308
ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Andersen Caledonia Limited is a private company limited by shares incorporated in Scotland. The registered office is Caledonian House, Phoenix Crescent, Strathclyde Business Park, Bellshill, Lanarkshire, United Kingdom, ML4 3NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% on cost
Plant and equipment
10% on cost
Lab & office equipment
20% on cost
Motor vehicles
33% on cost
Office equipment
10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
62
56
3
Taxation
2024
2023
£
£
Current tax
Adjustments in respect of prior periods
(96,264)
(1,529)
Deferred tax
Origination and reversal of timing differences
21,569
49,632
Total tax (credit)/charge
(74,695)
48,103
ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Lab & office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
1,150,000
1,768,238
514,780
28,965
3,461,983
Additions
-
0
126,661
96,094
15,990
238,745
Disposals
-
0
(823)
(18,209)
-
0
(19,032)
At 31 December 2024
1,150,000
1,894,076
592,665
44,955
3,681,696
Depreciation and impairment
At 1 January 2024
1,150,000
698,039
233,021
8,715
2,089,775
Depreciation charged in the year
-
0
156,151
61,622
8,743
226,516
Eliminated in respect of disposals
-
0
(538)
(17,506)
-
0
(18,044)
At 31 December 2024
1,150,000
853,652
277,137
17,458
2,298,247
Carrying amount
At 31 December 2024
-
0
1,040,424
315,528
27,497
1,383,449
At 31 December 2023
-
0
1,070,199
281,759
20,250
1,372,208
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
648,967
644,457
Corporation tax recoverable
39,768
8,905
Other debtors
139,997
92,125
Prepayments and accrued income
117,937
77,081
946,669
822,568
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
16,820
29,846
Total debtors
963,489
852,414
ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
10,375
5,200
Other borrowings
81,345
77,496
Trade creditors
267,762
187,276
Corporation tax
21,335
8,905
Other taxation and social security
150,502
153,694
Other creditors
388,659
396,398
Accruals and deferred income
129,450
184,940
1,049,428
1,013,909
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
9,487
5,200
Other borrowings
13,018
94,363
Preference dividends payable
478,993
458,167
Share capital treated as debt
245,008
245,008
746,506
802,738

Cumulative preference dividends are payable only at such time that the company has sufficient distributable reserves.

 

Preference shares treated as debt are redeemable only on a sale or a disposal of all of the issued Ordinary Shares in the Company or a Listing.

8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
168,780
147,211
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
639,216
781,827
ANDERSEN CALEDONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
10
Related party transactions

As at the balance sheet date the son of the Directors owed a balance to the company of £105,736 (2023 - £89,664).

 

During the year a Director charged fees amounting to £10,022 (2023 - £9,892) for services provided and incurred expenses of £3,081 (2023 - £Nil). At year end there were no amounts owed (2023 - £Nil).

 

During the year another Director charged fees amounting to £10,000 (2023 - £11,250) for services provided and took a salary of £36,600 (2023 - £4,167) and incurred expenses amounting to £22,200 (2023 - £21,066.). Fees were paid to a company controlled by this director of £139,351 (2023 - £155,698). At year end there were no amounts owed (2023 - £Nil).

 

During the year a third Director charged fees amounting to £10,000 (2023 - £9,000) for services provided. Fees were paid to a company controlled by this director of £5,840 (2023 - £6,940). At year end there were no amounts owed.

 

A historic balance of £35,500 is due to the company by a former Director. This amount remains unpaid and the company has therefore been accruing interest on the balance. Due to the age of the debt this was previously provided for, however the Directors are strongly of the view this amount remains payable in addition to interest compounded at a commercial interest rate from the date of initial transfer of funds.

11
Directors' transactions

At the balance sheet date a total of £15,276 (2023: £15,276) was owed to the company by a director. Interest is due on this loan at a rate of 1% annually.

 

12
Parent company

The Blue Moon Trust, are considered by the directors to be the Ultimate Controlling Party. Timothy Lintott is the first protector of the Trust.

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