REGISTERED NUMBER: SC245258 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Crimond Track Shop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Cartmel

Mrs K Cartmel

Mrs K Davidson

REGISTERED OFFICE:

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

REGISTERED NUMBER:

SC245258 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Intangible assets

4

399

250

Tangible assets

5

1,974

2,000

2,373

2,250

CURRENT ASSETS

Stocks

7,454

6,988

Cash at bank and in hand

18,383

16,105

25,837

23,093

CREDITORS

Amounts falling due within one year

6

4,595

2,751

NET CURRENT ASSETS

21,242

20,342

TOTAL ASSETS LESS CURRENT LIABILITIES

23,615

22,592

PROVISIONS FOR LIABILITIES

375

380

NET ASSETS

23,240

22,212

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

23,238

22,210

SHAREHOLDERS' FUNDS

23,240

22,212

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 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 16 September 2025 and were signed on its behalf by:

Mr C J Cartmel - Director

1.	STATUTORY INFORMATION

Crimond Track Shop Limited 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 represents the amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, it would be normal policy for intangible assets to be measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets comprises a cherished vehicle registration number and it is the directors view that this asset will not diminish in value and no amortisation is charged.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Transponders

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

250

Additions

399

Disposals

(250

)

At 31 December 2024

399

NET BOOK VALUE

At 31 December 2024

399

At 31 December 2023

250

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Transponders

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

15,817

891

2,500

2,118

21,326

Additions

-

-

2,500

-

2,500

Disposals

-

(891

)

(2,500

)

-

(3,391

)

At 31 December 2024

15,817

-

2,500

2,118

20,435

DEPRECIATION

At 1 January 2024

15,692

891

625

2,118

19,326

Charge for year

26

-

625

-

651

Eliminated on disposal

-

(891

)

(625

)

-

(1,516

)

At 31 December 2024

15,718

-

625

2,118

18,461

NET BOOK VALUE

At 31 December 2024

99

-

1,875

-

1,974

At 31 December 2023

125

-

1,875

-

2,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

232

367

Other creditors

4,363

2,384

4,595

2,751

7.	RELATED PARTY DISCLOSURES

Crimond Track Shop Limited is a company owned 100% by CSC Promotions Limited. During the year the company made payments to and received repayments on behalf of CSC Promotions Limited, The loan balance outstanding at the balance sheet date was £2,422 included in Other creditors (2023 - £662). The loan is interest free and there are no fixed repayment terms.