REGISTERED NUMBER: SC473317 (Scotland)

Audited Financial Statements for the Year Ended 31 December 2024

for

Caledonian Global Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

115,050

147,199

CURRENT ASSETS

Stocks

421,609

580,463

Debtors

5

92,111

168,093

Cash at bank

6,305

15,968

520,025

764,524

CREDITORS

Amounts falling due within one year

6

(149,345

)

(771,273

)

NET CURRENT ASSETS/(LIABILITIES)

370,680

(6,749

)

TOTAL ASSETS LESS CURRENT LIABILITIES

485,730

140,450

PROVISIONS FOR LIABILITIES

(28,763

)

(36,800

)

NET ASSETS

456,967

103,650

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

456,867

103,550

456,967

103,650

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 7 August 2025 and were signed on its behalf by:

Mr M Rabey - Director

1.	STATUTORY INFORMATION

Caledonian Global Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC473317. The registered office is Spectrum House South View, Dales Industrial Estate, Peterhead, Aberdeenshire, AB42 3JF.

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 group undertakings.

Turnover

Turnover represents net invoiced sales of goods and services in respect of selling stone supplies, 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.

Plant and machinery etc

-

20% on cost

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

The Company values its inventories using the average cost method. This method assigns a cost to inventory items based on the weighted average cost of all similar goods available during the period.

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.

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 9 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

209,068

Additions

6,987

Disposals

(28,021

)

At 31 December 2024

188,034

DEPRECIATION

At 1 January 2024

61,869

Charge for year

37,328

Eliminated on disposal

(26,213

)

At 31 December 2024

72,984

NET BOOK VALUE

At 31 December 2024

115,050

At 31 December 2023

147,199

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

81,082

157,294

Amounts owed by group undertakings

107

-

Other debtors

10,922

10,799

92,111

168,093

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

90,359

57,056

Amounts owed to group undertakings

10,865

661,901

Taxation and social security

37,680

43,017

Other creditors

10,441

9,299

149,345

771,273

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

27,417

27,417

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

The Report of the Auditors was unqualified.

Greig Brown (Senior Statutory Auditor)

for and on behalf of Drummond Laurie CA

9.	ULTIMATE PARENT COMPANY

Demco Group Limited is the ultimate parent entity and is registered in Scotland under registration number SC584425. The registered office is Spectrum House South View, Dales Industrial Estate, Peterhead, Scotland, AB42 3JF.