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REGISTERED NUMBER: SC035247 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

W. Christie (Industrial) Limited

W. Christie (Industrial) Limited (Registered number: SC035247)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. Christie (Industrial) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss A E Black
T J Porter
Mrs J Taylor
N Taylor





SECRETARY: Mrs J Taylor





REGISTERED OFFICE: Ground Floor - Units 5 & 6
100 Brand Street
Glasgow
G51 1DG





REGISTERED NUMBER: SC035247 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
147 Bath Street
Glasgow
G2 4SN

W. Christie (Industrial) Limited (Registered number: SC035247)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,992,300 1,980,897

CURRENT ASSETS
Stocks 88,876 68,320
Debtors 5 963,571 697,924
Cash at bank and in hand 2,106,032 1,800,460
3,158,479 2,566,704
CREDITORS
Amounts falling due within one year 6 1,460,754 964,572
NET CURRENT ASSETS 1,697,725 1,602,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,690,025

3,583,029

CREDITORS
Amounts falling due after more than one
year

7

(735,863

)

(856,820

)

PROVISIONS FOR LIABILITIES (34,784 ) (37,738 )
NET ASSETS 2,919,378 2,688,471

CAPITAL AND RESERVES
Called up share capital 10 27,750 27,750
Share premium 60,000 60,000
Capital redemption reserve 6,150 6,150
Retained earnings 2,825,478 2,594,571
SHAREHOLDERS' FUNDS 2,919,378 2,688,471

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.

W. Christie (Industrial) Limited (Registered number: SC035247)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mrs J Taylor - Director


W. Christie (Industrial) Limited (Registered number: SC035247)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

W. Christie (Industrial) Limited is a private company, limited by shares, registered in Scotland. The company's registered number is SC035247 and its registered office address is Ground Floor - Units 5 & 6, 100 Brand Street, Glasgow, G51 1DG.

The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company.

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.

Going Concern
The company has cash resources and a strong balance sheet position. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Significant judgements and estimates
The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover
Turnover represents net sales of goods and services, excluding value added tax and discounts offered. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 25% on reducing balance and 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.

W. Christie (Industrial) Limited (Registered number: SC035247)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employment benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provisions for liabilities
A provision for liabilities is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated readily. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

W. Christie (Industrial) Limited (Registered number: SC035247)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,709,152 906,553 2,615,705
Additions 28,956 109,204 138,160
Disposals - (22,068 ) (22,068 )
At 30 September 2024 1,738,108 993,689 2,731,797
DEPRECIATION
At 1 October 2023 49,755 585,053 634,808
Charge for year 17,381 104,758 122,139
Eliminated on disposal - (17,450 ) (17,450 )
At 30 September 2024 67,136 672,361 739,497
NET BOOK VALUE
At 30 September 2024 1,670,972 321,328 1,992,300
At 30 September 2023 1,659,397 321,500 1,980,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 908,984 631,989
Other debtors 54,587 65,935
963,571 697,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 152,506 143,936
Trade creditors 383,908 262,735
Taxation and social security 612,954 542,779
Other creditors 311,386 15,122
1,460,754 964,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 735,863 856,820

W. Christie (Industrial) Limited (Registered number: SC035247)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 45,138 173,178

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 360 540

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 888,369 1,000,756

The bank overdraft facility is secured by a bond and floating charge for all monies. The premises, Christie House, at Meadowbank Road has a legal charge delivered over the mortgage.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
27,750 Ordinary £1 27,750 27,750

Ordinary shares rank equally for voting rights, dividends declared and distributions on winding up, and are not redeemable.

11. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 79,005