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REGISTERED NUMBER: SC121230 (Scotland)















Audited Financial Statements for the Year Ended 31 December 2024

for

CA Models Ltd.

CA Models Ltd. (Registered number: SC121230)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


CA Models Ltd. (Registered number: SC121230)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,769,461 3,267,580

CURRENT ASSETS
Stocks 85,555 262,717
Debtors 5 4,383,985 699,827
Investments 6 - 200,047
Cash at bank 846,433 2,381,804
5,315,973 3,544,395
CREDITORS
Amounts falling due within one year 7 (828,383 ) (986,310 )
NET CURRENT ASSETS 4,487,590 2,558,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,257,051

5,825,665

CREDITORS
Amounts falling due after more than one
year

8

(621,469

)

(371,983

)

PROVISIONS FOR LIABILITIES (443,004 ) (502,378 )
NET ASSETS 6,192,578 4,951,304

CAPITAL AND RESERVES
Called up share capital 68,001 68,001
Capital redemption reserve 11,999 11,999
Retained earnings 6,112,578 4,871,304
SHAREHOLDERS' FUNDS 6,192,578 4,951,304

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 26 May 2025 and were signed on its behalf by:




C D Campbell - Director A M Campbell - Director




G A Campbell - Director J L”fving - Director


CA Models Ltd. (Registered number: SC121230)

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

1. STATUTORY INFORMATION

CA Models Limited is a private company, limited by shares, domiciled in Scotland, registration number SC121230. The registered office is Springkerse Industrial Estate, Stirling, Stirlingshire, FK7 7UW.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services in respect of the provision of model making, prototypes and moulding services excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

CA Models Ltd. (Registered number: SC121230)

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.

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.

Government grants
Government grants have been recognised in the profit and loss account so as to match them with the expected useful economic life of the related asset.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern
The directors of the company have reviewed the company's financial position for 12 months from the balance sheet signing date and it is the directors belief that the company should prepare financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 32 ) .

CA Models Ltd. (Registered number: SC121230)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 963,014 10,399,544 11,362,558
Additions - 627,397 627,397
Disposals (963,014 ) (281,594 ) (1,244,608 )
At 31 December 2024 - 10,745,347 10,745,347
DEPRECIATION
At 1 January 2024 393,766 7,701,212 8,094,978
Charge for year - 515,948 515,948
Eliminated on disposal (393,766 ) (241,274 ) (635,040 )
At 31 December 2024 - 7,975,886 7,975,886
NET BOOK VALUE
At 31 December 2024 - 2,769,461 2,769,461
At 31 December 2023 569,248 2,698,332 3,267,580

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 2,554,583
Additions 542,858
At 31 December 2024 3,097,441
DEPRECIATION
At 1 January 2024 1,059,790
Charge for year 305,648
At 31 December 2024 1,365,438
NET BOOK VALUE
At 31 December 2024 1,732,003
At 31 December 2023 1,494,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 433,118 418,350
Amounts owed by group undertakings 3,841,005 -
Other debtors 109,862 281,477
4,383,985 699,827

CA Models Ltd. (Registered number: SC121230)

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

6. CURRENT ASSET INVESTMENTS

As at 31 December 2024 the current asset investment had a value of £nil (2023: £200,047).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 175,273 369,674
Trade creditors 96,990 151,821
Amounts owed to group undertakings 14,170 -
Amounts owed to related parties 29,589 -
Taxation and social security 365,285 381,414
Other creditors 147,076 83,401
828,383 986,310

Included amongst other creditors are Regional Selective Assistance grants from the Scottish Executive. The property grant for £120,000 is being written off over the useful life of the asset and amortised at 2% straight line. As at 31 December 2024 the balance had reduced to £76,800 (2023: £79,200).The plant and machinery asset grant for £82,000 is being written off over the useful life of the asset and amortised at 15% reducing balance. As at 31 December 2024 the balance had reduced to £36,384 (2023:£42,805).The plant and machinery asset grant received in 2021 of £368,000 is being written off over the useful life of the asset and amortised at 15% reducing balance. As at 31 December 2024 the balance had reduced to £192,098 (2023: £225,998).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 352,859 66,701
Other creditors 268,610 305,282
621,469 371,983

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 175,273 369,674
Between one and five years 352,859 66,701
528,132 436,375

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 100,000 -
Between one and five years 400,000 -
In more than five years 208,333 -
708,333 -

CA Models Ltd. (Registered number: SC121230)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 528,132 436,375

Hire purchase contracts are secured on the assets to which they relate.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Clinton (Senior Statutory Auditor)
for and on behalf of Drummond Laurie CA

12. CONTINGENT LIABILITIES

The grants from the Scottish Executive may be repayable in certain circumstances.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C D Campbell
Balance outstanding at start of year 201,411 -
Amounts advanced - 201,411
Amounts repaid (181,091 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,320 201,411

14. ULTIMATE CONTROLLING PARTY

Prototal Industries AB is regarded by the directors as being the ultimate controlling party,