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C.B. SCOTLAND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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C.B. SCOTLAND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors consider that a prior year adjustment is necessary in order to accurately reflect the true financial position of the Company as at 31 December 2024.
The prior year adjustment arises due to an overprovision of the stock provision in the previous year, totalling £28,519, which has now been corrected. This has resulted in the profit before tax of £99,300 being restated to a profit of £127,819 for the year. Net assets have increased from £508,669 to a restated value of £537,188. In the opinion of the directors, failure to account for these adjustments as a prior period adjustment would impact the true and fair view of the performance for the current financial year.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,595 (2023: £7,042). Contributions totalling £1,408 (2023: £1,398) were payable to the fund at the Balance Sheet date.
At 31 December 2024 and at 31 December 2023, the Company's immediate parent undertaking was C. B. Europe BV. a company registered in the Netherlands.
Copies of the consolidated financial statements of C. B. Europe B.V. can be obtained from Willem Dreeslaan 226, Zoetermeer, 2729 NL, Netherlands
The Company was subject to an audit for the year ended 31 December 2024. The audit report was issued with an
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