REGISTERED NUMBER: SC241160 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cameron Autotech Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A Cameron

REGISTERED OFFICE:

23 High Street

Cuminestown

Turriff

Aberdeenshire

AB53 5YD

REGISTERED NUMBER:

SC241160 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

249,957

218,913

Investment property

5

168,551

168,551

418,508

387,464

CURRENT ASSETS

Stocks

98,212

117,510

Debtors

6

329,399

312,381

Cash at bank and in hand

618,154

460,514

1,045,765

890,405

CREDITORS

Amounts falling due within one year

7

177,780

165,144

NET CURRENT ASSETS

867,985

725,261

TOTAL ASSETS LESS CURRENT LIABILITIES

1,286,493

1,112,725

PROVISIONS FOR LIABILITIES

15,880

9,096

NET ASSETS

1,270,613

1,103,629

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,270,611

1,103,627

1,270,613

1,103,629

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

Mr R A Cameron - Director

1.	STATUTORY INFORMATION

Cameron Autotech 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 and services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

145,490

140,928

266,824

Additions

-

-

46,686

Disposals

-

-

-

At 31 December 2024

145,490

140,928

313,510

DEPRECIATION

At 1 January 2024

26,188

136,463

219,797

Charge for year

2,910

1,116

23,428

Eliminated on disposal

-

-

-

At 31 December 2024

29,098

137,579

243,225

NET BOOK VALUE

At 31 December 2024

116,392

3,349

70,285

At 31 December 2023

119,302

4,465

47,027

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,899

132,241

5,063

692,445

Additions

-

33,500

6,110

86,296

Disposals

-

(24,720

)

-

(24,720

)

At 31 December 2024

1,899

141,021

11,173

754,021

DEPRECIATION

At 1 January 2024

1,793

87,303

1,988

473,532

Charge for year

26

17,654

2,296

47,430

Eliminated on disposal

-

(16,898

)

-

(16,898

)

At 31 December 2024

1,819

88,059

4,284

504,064

NET BOOK VALUE

At 31 December 2024

80

52,962

6,889

249,957

At 31 December 2023

106

44,938

3,075

218,913

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

168,551

NET BOOK VALUE

At 31 December 2024

168,551

At 31 December 2023

168,551

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

159,910

143,008

Amounts recoverable on contract

1,017

1,817

Other debtors

168,472

167,556

329,399

312,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

48,799

48,112

Taxation and social security

110,968

103,367

Other creditors

18,013

13,665

177,780

165,144

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Mr R A Cameron

Balance outstanding at start of year

112,884

112,884

Amounts advanced

125

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,009

112,884

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders Mr R A Cameron and Mrs I Cameron.