REGISTERED NUMBER: SC494735 (Scotland)

Unaudited Financial Statements for the Year Ended 31st January 2025

for

CWTS (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C G Wilson

SECRETARY:

Miss S P Jamieson

REGISTERED OFFICE:

Block 7 Unit 1

Caledonian Road

Lochshore Industrial Estate

Glengarnock

KA14 3BE

REGISTERED NUMBER:

SC494735 (Scotland)

ACCOUNTANTS:

Pecuniae Limited

10 Abercorn Drive

Hamilton

ML3 7EX

BANKERS:

The Royal Bank of Scotland

8 Church Street

Johnstone

PA5 8DX

FIXED ASSETS

Tangible assets

4

114,040

92,836

CURRENT ASSETS

Stocks

55,850

88,443

Debtors

5

79,562

96,777

Cash in hand

3

3

135,415

185,223

CREDITORS

Amounts falling due within one year

6

151,186

184,020

NET CURRENT (LIABILITIES)/ASSETS

(15,771

)

1,203

TOTAL ASSETS LESS CURRENT LIABILITIES

98,269

94,039

CREDITORS

Amounts falling due after more than one year

7

(37,122

)

(24,544

)

PROVISIONS FOR LIABILITIES

(19,859

)

(17,639

)

NET ASSETS

41,288

51,856

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

41,287

51,855

41,288

51,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30th May 2025 and were signed by:

C G Wilson - Director

1.	STATUTORY INFORMATION

CWTS (Scotland) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost and 10% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

229,020

Additions

55,247

Disposals

(52,516

)

At 31st January 2025

231,751

DEPRECIATION

At 1st February 2024

136,184

Charge for year

34,043

Eliminated on disposal

(52,516

)

At 31st January 2025

117,711

NET BOOK VALUE

At 31st January 2025

114,040

At 31st January 2024

92,836

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st February 2024

71,649

Additions

54,321

Transfer to ownership

(23,495

)

At 31st January 2025

102,475

DEPRECIATION

At 1st February 2024

32,384

Charge for year

15,675

Transfer to ownership

(19,188

)

At 31st January 2025

28,871

NET BOOK VALUE

At 31st January 2025

73,604

At 31st January 2024

39,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

68,807

82,527

Other debtors

10,755

14,250

79,562

96,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

47,049

22,378

Hire purchase contracts

24,288

14,394

Trade creditors

26,314

109,800

Taxation and social security

46,253

32,205

Other creditors

7,282

5,243

151,186

184,020

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,467

13,887

Hire purchase contracts

33,655

10,657

37,122

24,544

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

57,943

25,051

Hire purchase contracts are secured over the assets concerned.

9.	RELATED PARTY DISCLOSURES