Registered number
SC309922
Caledonia Management Systems Limited
Filleted Accounts
31 December 2024
Caledonia Management Systems Limited
Registered number: SC309922
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,163 14,392
Current assets
Debtors 4 - 21,506
Cash at bank and in hand 33,958 51,080
33,958 72,586
Creditors: amounts falling due within one year 5 (23,182) (37,616)
Net current assets 10,776 34,970
Total assets less current liabilities 15,939 49,362
Creditors: amounts falling due after more than one year 6 - (4,080)
Provisions for liabilities (981) (2,734)
Net assets 14,958 42,548
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,858 42,448
Shareholders' funds 14,958 42,548
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Iain Stewart
Director
Approved by the board on 11 April 2025
Caledonia Management Systems Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 25% Straight Line Method
Motor Vehicles 25% Straight Line Method
Fixtures & Fittings 25% Straight Line Method
Computer Equipment 25% Straight Line Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant & machinery Motor vehicles Fixtures & Fittings Computer equipment Total
£ £ £ £ £
Cost
At 1 January 2024 1,852 33,036 3,038 15,855 53,781
At 31 December 2024 1,852 33,036 3,038 15,855 53,781
Depreciation
At 1 January 2024 1,685 21,336 2,611 13,757 39,389
Charge for the year 86 8,259 238 646 9,229
At 31 December 2024 1,771 29,595 2,849 14,403 48,618
Net book value
At 31 December 2024 81 3,441 189 1,452 5,163
At 31 December 2023 167 11,700 427 2,098 14,392
4 Debtors 2024 2023
£ £
Trade debtors - 21,506
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 4,080 8,161
Trade creditors - 14
Directors loan account - 342
Taxation and social security costs 14,532 23,160
VAT 4,570 5,939
23,182 37,616
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 4,080
7 Other information
Caledonia Management Systems Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Sillycots Farm
St. Cyrus
By Montrose
DD10 0DR
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