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REGISTERED NUMBER: SC103626 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cowie Panel Processors Limited

Cowie Panel Processors Limited (Registered number: SC103626)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cowie Panel Processors Limited (Registered number: SC103626)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 98,686 7,464

CURRENT ASSETS
Debtors 5 179,876 179,445
Cash at bank 201,247 288,811
381,123 468,256
CREDITORS
Amounts falling due within one year 6 (81,506 ) (96,308 )
NET CURRENT ASSETS 299,617 371,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,303

379,412

PROVISIONS FOR LIABILITIES (5,323 ) (1,267 )
NET ASSETS 392,980 378,145

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 391,980 377,145
SHAREHOLDERS' FUNDS 392,980 378,145

Cowie Panel Processors Limited (Registered number: SC103626)

Balance Sheet - continued
31 March 2025


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

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

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 11 July 2025 and were signed on its behalf by:





Mr R M Bateman - Director


Cowie Panel Processors Limited (Registered number: SC103626)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Cowie Panel Processors Limited is a private company, limited by shares, domiciled in Scotland, registration number SC103626. The registered office is Main Street, Cowie, Stirling, FK7 7BN.

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 100% members of the group.

Turnover
Turnover represents net invoiced sales of goods in respect of packaging materials for the wood panel industry, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represents 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.

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.

Cowie Panel Processors Limited (Registered number: SC103626)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 120,106
Additions 113,657
At 31 March 2025 233,763
DEPRECIATION
At 1 April 2024 112,642
Charge for year 22,435
At 31 March 2025 135,077
NET BOOK VALUE
At 31 March 2025 98,686
At 31 March 2024 7,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 178,973 161,207
Other debtors 903 18,238
179,876 179,445

Cowie Panel Processors Limited (Registered number: SC103626)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 8,774 5,574
Amounts owed to group undertakings 3,500 2,000
Taxation and social security 40,787 59,770
Other creditors 28,445 28,964
81,506 96,308

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 31,500 31,500
Between one and five years 21,000 52,500
52,500 84,000

8. ULTIMATE PARENT COMPANY

Cowie Community Enterprises Limited is registered in Scotland under registration number SC103675. The registered office is Main Street, Cowie, Stirling, FK7 7BN.