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REGISTERED NUMBER: SC378002 (Scotland)















Cairngorm IT Ltd.

Financial Statements For The Year Ended 30 September 2024






Cairngorm IT Ltd. (Registered number: SC378002)






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


Cairngorm IT Ltd.

Company Information
For The Year Ended 30 September 2024







DIRECTOR: Mr P R Devlin



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC378002 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
PO Box 17235
Edinburgh
EH11 1YH

Cairngorm IT Ltd. (Registered number: SC378002)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,868 1,688
1,868 1,688

CURRENT ASSETS
Stocks 570 1,320
Debtors 6 77,850 58,312
Cash at bank 10,827 35,580
89,247 95,212
CREDITORS
Amounts falling due within one year 7 64,673 82,264
NET CURRENT ASSETS 24,574 12,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,442

14,636

PROVISIONS FOR LIABILITIES 8 355 -
NET ASSETS 26,087 14,636

CAPITAL AND RESERVES
Called up share capital 9 101 101
Share premium 10 479 479
Retained earnings 10 25,507 14,056
26,087 14,636

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 director acknowledges his 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.

Cairngorm IT Ltd. (Registered number: SC378002)

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 director and authorised for issue on 1 July 2025 and were signed by:





Mr P R Devlin - Director


Cairngorm IT Ltd. (Registered number: SC378002)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Cairngorm IT Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost and 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cairngorm IT Ltd. (Registered number: SC378002)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 14,150
AMORTISATION
At 1 October 2023
and 30 September 2024 14,150
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 19,241 4,363 23,604
Additions - 1,682 1,682
Disposals - (660 ) (660 )
At 30 September 2024 19,241 5,385 24,626
DEPRECIATION
At 1 October 2023 18,557 3,359 21,916
Charge for year 171 889 1,060
Eliminated on disposal - (218 ) (218 )
At 30 September 2024 18,728 4,030 22,758
NET BOOK VALUE
At 30 September 2024 513 1,355 1,868
At 30 September 2023 684 1,004 1,688

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 75,571 56,137
Other debtors 2,279 2,175
77,850 58,312

Cairngorm IT Ltd. (Registered number: SC378002)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 2,950
Taxation and social security 7,950 13,886
Other creditors 56,723 65,428
64,673 82,264

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 355 -

Deferred
tax
£   
Provided during year 355
Balance at 30 September 2024 355

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal Value: 30.09.24 30.09.23
1000 Ordinary 0 100 100
1 A Ordinary 0 0 0
10 B Ordinary 0 1 1
1 C Ordinary 0 0 0
101 101

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 14,056 479 14,535
Profit for the year 12,951 12,951
Dividends (1,500 ) (1,500 )
At 30 September 2024 25,507 479 25,986

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2023 - £1,000) were paid to the director .

At 1 October 2023 the company owed the director £57,820. During the year the company met expenses on behalf of the director totalling £5,822. At 30 September 2024 the company owed the director £51,998. This loan is interest free and has no fixed repayment terms.