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REGISTERED NUMBER: SC242415 (Scotland)















CALEY TIMBER & BUILDING SUPPLIES LIMITED

Financial Statements for the Year Ended 31 December 2024






CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALEY TIMBER & BUILDING SUPPLIES LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Morrison
A Sim
E Urquhart
D C Forsyth CA





REGISTERED OFFICE: Unit 15
Dalcross Industrial Estate
Inverness
Highland
IV2 7XB





REGISTERED NUMBER: SC242415 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 699,179 595,049

CURRENT ASSETS
Stocks 561,393 502,003
Debtors 5 911,112 968,409
Cash at bank and in hand 1,592,040 1,572,046
3,064,545 3,042,458
CREDITORS
Amounts falling due within one year 6 1,090,678 885,728
NET CURRENT ASSETS 1,973,867 2,156,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,673,046

2,751,779

CREDITORS
Amounts falling due after more than one
year

7

(77,902

)

(60,132

)

PROVISIONS FOR LIABILITIES (170,313 ) (147,304 )
NET ASSETS 2,424,831 2,544,343

CAPITAL AND RESERVES
Called up share capital 57,750 57,750
Capital redemption reserve 8 92,250 92,250
Retained earnings 8 2,274,831 2,394,343
2,424,831 2,544,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Balance Sheet - continued
31 December 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 29 April 2025 and were signed on its behalf by:




D J Morrison - Director



A Sim - Director


CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Caley Timber & Building Supplies 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.

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% depreciation on reducing balance
Fixtures and fittings - 15% depreciation on reducing balance
Motor vehicles - 25% depreciation on reducing balance
Computer equipment - 25% depreciation 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.

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 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.

CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 the shorter.

The interest element of these obligations is charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 556,352 83,408 875,576 45,371 1,560,707
Additions 42,000 47,400 205,890 900 296,190
Disposals (16,870 ) - (114,129 ) - (130,999 )
At 31 December 2024 581,482 130,808 967,337 46,271 1,725,898
DEPRECIATION
At 1 January 2024 304,654 55,866 573,488 31,650 965,658
Charge for year 42,497 11,243 113,822 3,611 171,173
Eliminated on disposal (6,509 ) - (103,603 ) - (110,112 )
At 31 December 2024 340,642 67,109 583,707 35,261 1,026,719
NET BOOK VALUE
At 31 December 2024 240,840 63,699 383,630 11,010 699,179
At 31 December 2023 251,698 27,542 302,088 13,721 595,049

CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 183,316
Additions 133,500
At 31 December 2024 316,816
DEPRECIATION
At 1 January 2024 80,202
Charge for year 59,153
At 31 December 2024 139,355
NET BOOK VALUE
At 31 December 2024 177,461
At 31 December 2023 103,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 891,812 962,942
Other debtors 19,300 5,467
911,112 968,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 60,996 36,000
Trade creditors 792,192 503,470
Taxation and social security 183,687 299,347
Other creditors 53,803 46,911
1,090,678 885,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 77,902 60,132

CALEY TIMBER & BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: SC242415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 2,394,343 92,250 2,486,593
Profit for the year 395,942 395,942
Contributions to EOT (515,454 ) - (515,454 )
At 31 December 2024 2,274,831 92,250 2,367,081

9. RELATED PARTY DISCLOSURES

During the previous year the company sold a property to D Morrison, director, for £1,410,000. The company paid rent to D Morrison totalling £97,500 (2023 - £65,000). All transactions took place at market value.

During the year £14,800 (2023 - £12,900) was paid to director D Forsyth C.A. for professional services provided to the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the CTBS Employee Ownership Trust.