Colin Campbell & Co. (Inverness) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC261088 (Scotland)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Colin Campbell & Co. (Inverness) Ltd.

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

P R Campbell

J M Campbell

C A Campbell

L M Reynolds

Registered office:

No 9 Victorian Market

Academy Street

Inverness

IV1 1PG

Registered number:

SC261088 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colin Campbell & Co. (Inverness) Ltd. for the year ended 31st December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Colin Campbell & Co. (Inverness) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colin Campbell & Co. (Inverness) Ltd. and state those matters that we have agreed to state to the Board of Directors of Colin Campbell & Co. (Inverness) Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colin Campbell & Co. (Inverness) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Colin Campbell & Co. (Inverness) Ltd.. You consider that Colin Campbell & Co. (Inverness) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colin Campbell & Co. (Inverness) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

29th August 2025

Fixed assets

Intangible assets

4

-

Tangible assets

5

77,032

61,086

77,032

61,086

Current assets

Stocks

210,160

313,016

Debtors

6

1,831

2,639

Cash at bank and in hand

74,522

113,243

286,513

428,898

Creditors

Amounts falling due within one year

7

110,165

120,165

Net current assets

176,348

308,733

Total assets less current liabilities

253,380

369,819

Creditors

Amounts falling due after more than one year

8

(12,546

)

(25,484

)

Provisions for liabilities

(13,848

)

(13,848

)

Net assets

226,986

330,487

Capital and reserves

Called up share capital

100

Retained earnings

226,886

330,387

226,986

330,487

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2025 and were signed on its behalf by:

L M Reynolds - Director

1.	Statutory information

Colin Campbell & Co. (Inverness) 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.

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.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 10 (2023 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st January 2024

and 31st December 2024

2,000

Amortisation

At 1st January 2024

and 31st December 2024

2,000

Net book value

At 31st December 2024

-

At 31st December 2023

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1st January 2024

34,401

40,902

88,173

163,476

Additions

-

61,990

Disposals

-

(51,090

)

(51,090

)

At 31st December 2024

34,401

40,902

99,073

174,376

Depreciation

At 1st January 2024

25,493

38,090

38,807

102,390

Charge for year

1,336

703

22,451

24,490

Eliminated on disposal

-

(29,536

)

(29,536

)

At 31st December 2024

26,829

38,793

31,722

97,344

Net book value

At 31st December 2024

7,572

2,109

67,351

77,032

At 31st December 2023

8,908

2,812

49,366

61,086

6.

Debtors: amounts falling due within one year

2024

2023

£

Other debtors

1,831

2,639

7.

Creditors: amounts falling due within one year

2024

2023

£

Bank loan and hire purchase

12,938

Trade creditors

27,284

24,540

Taxation and social security

24,242

42,721

Other creditors

45,701

39,966

110,165

120,165

8.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loan and hire purchase

12,546

25,484

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

Hire purchase

10,352

18,634

The hire purchase creditor are secured against the asset to which they relate.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

C A Campbell and J M Campbell

Balance outstanding at start of year

(197

)

6,109

Amounts advanced

10,274

20,194

Amounts repaid

(12,000

)

(26,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,923

)

(197

)