Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-122025-05-1362024-01-01falseNo description of principal activity6truetrue SC711838 2024-01-01 2024-12-31 SC711838 2023-01-01 2023-12-31 SC711838 2024-12-31 SC711838 2023-12-31 SC711838 c:Director1 2024-01-01 2024-12-31 SC711838 c:RegisteredOffice 2024-01-01 2024-12-31 SC711838 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 SC711838 d:Buildings d:LongLeaseholdAssets 2024-12-31 SC711838 d:Buildings d:LongLeaseholdAssets 2023-12-31 SC711838 d:PlantMachinery 2024-01-01 2024-12-31 SC711838 d:PlantMachinery 2024-12-31 SC711838 d:PlantMachinery 2023-12-31 SC711838 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711838 d:MotorVehicles 2024-01-01 2024-12-31 SC711838 d:MotorVehicles 2024-12-31 SC711838 d:MotorVehicles 2023-12-31 SC711838 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711838 d:FurnitureFittings 2024-01-01 2024-12-31 SC711838 d:FurnitureFittings 2024-12-31 SC711838 d:FurnitureFittings 2023-12-31 SC711838 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711838 d:OfficeEquipment 2024-01-01 2024-12-31 SC711838 d:OfficeEquipment 2024-12-31 SC711838 d:OfficeEquipment 2023-12-31 SC711838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711838 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711838 d:CurrentFinancialInstruments 2024-12-31 SC711838 d:CurrentFinancialInstruments 2023-12-31 SC711838 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC711838 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC711838 d:ShareCapital 2024-12-31 SC711838 d:ShareCapital 2023-12-31 SC711838 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC711838 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC711838 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC711838 c:OrdinaryShareClass1 2024-12-31 SC711838 c:OrdinaryShareClass1 2023-12-31 SC711838 c:FRS102 2024-01-01 2024-12-31 SC711838 c:Audited 2024-01-01 2024-12-31 SC711838 c:FullAccounts 2024-01-01 2024-12-31 SC711838 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC711838 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC711838 2 2024-01-01 2024-12-31 SC711838 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC711838


 
 
 
 
 
 
 
 
C.B. SCOTLAND LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
C.B. SCOTLAND LTD
 

COMPANY INFORMATION


Director
W. L. Yeung 




Registered number
SC711838



Registered office
Unit 3 And 6 Dunlop Square
Deans Industrial Estate

Glasgow

Scotland

G2 4JR






Independent auditors
Wilder Coe Ltd
Chartered Accountants & Statutory Auditors

1st Floor Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
C.B. SCOTLAND LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7


 
C.B. SCOTLAND LTD
REGISTERED NUMBER: SC711838

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
290,538
321,400

Current assets
  

Stocks
 5 
380,364
657,199

Debtors
 6 
307,869
157,426

Cash at bank and in hand
  
278,507
312,208

  
966,740
1,126,833

Creditors: amounts falling due within one year
 7 
(895,454)
(911,045)

Net current assets
  
 
 
71,286
 
 
215,788

Total assets less current liabilities
  
361,824
537,188

  

Net assets
  
361,824
537,188


Capital and reserves
  

Called up share capital 
 8 
700,000
700,000

Profit and loss account
  
(338,176)
(162,812)

Equity shareholder's deficit
  
361,824
537,188


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
12 May 2025.




W. L. Yeung
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
C.B. SCOTLAND LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

C.B. Scotland Ltd (registered number: SC711838) is a private limited company incorporated in England and Wales, having its registered office and principal place of business at Unit 3 And 6 Dunlop Square, Deans Industrial Estate, Livingston, Scotland, EH54 85B.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in the Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 2

 
C.B. SCOTLAND LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Plant and machinery
-
10%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 3

 
C.B. SCOTLAND LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. 

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 4
 


 
C.B. SCOTLAND LTD


 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


4.


Tangible fixed assets






Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost


At 1 January 2024
212,375
111,191
4,495
34,956
16,756
379,773


Additions
15,844
-
-
177
-
16,021



At 31 December 2024

228,219
111,191
4,495
35,133
16,756
395,794



Depreciation


At 1 January 2024
31,307
19,666
-
2,055
5,345
58,373


Charge for the period
22,822
11,232
2,472
7,007
3,350
46,883



At 31 December 2024

54,129
30,898
2,472
9,062
8,695
105,256



Net book value



At 31 December 2024
174,090
80,293
2,023
26,071
8,061
290,538



At 31 December 2023
181,068
91,525
4,495
32,901
11,411
321,400

Page 5
 
C.B. SCOTLAND LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Stocks

As restated
2024
2023
£
£

Finished goods and consumables
380,364
657,199



6.


Debtors

2024
2023
£
£

Due within one year

Trade debtors
120,542
47,054

Other debtors
58,982
57,232

Prepayments and accrued income
128,345
53,140

307,869
157,426



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
797,699
856,342

Amounts owed to group undertakings
4,290
4,290

Other taxation and social security
59,541
8,726

Other creditors
1,408
1,398

Accruals and deferred income
32,516
40,289

895,454
911,045



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



700 (2023 - 700) Ordinary shares of £1,000.00 each
700,000
700,000


Page 6

 
C.B. SCOTLAND LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Prior year adjustment

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.


10.


Pension commitments

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.


11.


Related party transactions

The Company has taken advantage of the exemptions in FRS 102, section 33.1A in respect of disclosing
intra-company transactions with entities which are wholly-owned within the group.


12.


Immediate parent undertaking

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


13.


Auditors' information

The Company was subject to an audit for the year ended 31 December 2024. The audit report was issued with an unqualified opinion and signed on 13 May 2025 by Chris Gent BA FCA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 7