REGISTERED NUMBER: SC200424 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CSC Promotions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W F Barrack

R Davidson

C J McKenzie

C J Cartmel

K Cartmel

J A Riddell

M Forbes

REGISTERED OFFICE:

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

REGISTERED NUMBER:

SC200424 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Intangible assets

4

250

-

Tangible assets

5

6,101

2,424

Investments

6

2

2

6,353

2,426

CURRENT ASSETS

Debtors

7

10,061

8,189

Cash at bank and in hand

20,342

27,556

30,403

35,745

CREDITORS

Amounts falling due within one year

8

4,727

4,455

NET CURRENT ASSETS

25,676

31,290

TOTAL ASSETS LESS CURRENT LIABILITIES

32,029

33,716

PROVISIONS FOR LIABILITIES

660

164

NET ASSETS

31,369

33,552

RESERVES

Income and expenditure account

31,369

33,552

31,369

33,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 surplus or deficit 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 15 September 2025 and were signed on its behalf by:

C J Cartmel - Director

1.	STATUTORY INFORMATION

CSC Promotions Limited is a private company, limited by guarantee , 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting 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 and 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

All asset hire is made on an ad hoc basis as necessary for the activities of the company and all costs are charged directly against the profit & loss account as they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

250

At 31 December 2024

250

NET BOOK VALUE

At 31 December 2024

250

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

-

37,807

2,750

1,349

41,906

Additions

1,800

2,632

1,750

-

6,182

Disposals

-

(833

)

-

-

(833

)

At 31 December 2024

1,800

39,606

4,500

1,349

47,255

DEPRECIATION

At 1 January 2024

-

35,616

2,750

1,116

39,482

Charge for year

450

1,391

438

226

2,505

Eliminated on disposal

-

(833

)

-

-

(833

)

At 31 December 2024

450

36,174

3,188

1,342

41,154

NET BOOK VALUE

At 31 December 2024

1,350

3,432

1,312

7

6,101

At 31 December 2023

-

2,191

-

233

2,424

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Crimond Track Shop Ltd

Registered office: Glebefield House, 21 Links Terrace, Peterhead, Aberdeenshire, AB42 2XA

Nature of business: Retail

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

10,061

8,189

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

51

Taxation and social security

-

1,308

Other creditors

4,727

3,096

4,727

4,455

9.	RELATED PARTY DISCLOSURES

CSC Promotions Limited owns 100% of Crimond Track Shop Limited. The company made a loan to Crimond Track Shop Ltd. The balance due from Crimond Track Shop Ltd as at 31st December 2024 was £2,422 (2023 - £662). No interest will be charged on the loan and the loan is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and is managed on a day to day basis by the six directors.