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REGISTERED NUMBER: SC189045 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CELEBRATIONS (TURRIFF) LIMITED

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CELEBRATIONS (TURRIFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr R A Stephen
Mrs M H Stephen
Mrs L J Middleton





SECRETARY: Mrs L J Middleton





REGISTERED OFFICE: Speymuir
Victoria Street
Turriff
Aberdeenshire
AB53 4RE





REGISTERED NUMBER: SC189045 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,059,670 2,907,327
Investments 5 75 75
3,059,745 2,907,402

CURRENT ASSETS
Stocks 863,711 836,609
Debtors 6 497,063 452,503
Cash at bank and in hand 823,627 1,099,547
2,184,401 2,388,659
CREDITORS
Amounts falling due within one year 7 732,750 724,768
NET CURRENT ASSETS 1,451,651 1,663,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,511,396

4,571,293

CREDITORS
Amounts falling due after more than one year 8 (33,333 ) (83,333 )

PROVISIONS FOR LIABILITIES (16,344 ) (20,265 )
NET ASSETS 4,461,719 4,467,695

CAPITAL AND RESERVES
Called up share capital 859,586 859,586
Retained earnings 3,602,133 3,608,109
4,461,719 4,467,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

BALANCE SHEET - continued
31 JANUARY 2025


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 10 July 2025 and were signed on its behalf by:




Mr R A Stephen - Director



Mrs L J Middleton - Director


CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Celebrations (Turriff) 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.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on cost and 12.5% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2024 - 87 ) .

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 4,153,892 837,049 4,990,941
Additions 431,997 17,460 449,457
Disposals (140,000 ) (76,995 ) (216,995 )
At 31 January 2025 4,445,889 777,514 5,223,403
DEPRECIATION
At 1 February 2024 1,419,792 663,822 2,083,614
Charge for year 96,000 43,500 139,500
Eliminated on disposal (27,300 ) (32,081 ) (59,381 )
At 31 January 2025 1,488,492 675,241 2,163,733
NET BOOK VALUE
At 31 January 2025 2,957,397 102,273 3,059,670
At 31 January 2024 2,734,100 173,227 2,907,327

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2024
and 31 January 2025 75
NET BOOK VALUE
At 31 January 2025 75
At 31 January 2024 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,600 10,835
Other debtors 495,463 441,668
497,063 452,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 218,795 268,428
Taxation and social security 175,033 139,149
Other creditors 338,922 317,191
732,750 724,768

CELEBRATIONS (TURRIFF) LIMITED (REGISTERED NUMBER: SC189045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 33,333 83,333

9. CAPITAL COMMITMENTS
2025 2024
£    £   
Contracted but not provided for in the
financial statements 250,000 250,000