REGISTERED NUMBER: SC351052 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CRANACHAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Dexter

Mrs J G Dexter

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC351052 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Intangible assets

4

64,640

76,840

Tangible assets

5

55,921

58,391

120,561

135,231

CURRENT ASSETS

Stocks

6

15,072

14,495

Debtors

7

36,994

59,443

Cash at bank

94,135

116,629

146,201

190,567

CREDITORS

Amounts falling due within one year

8

180,613

183,581

NET CURRENT (LIABILITIES)/ASSETS

(34,412

)

6,986

TOTAL ASSETS LESS CURRENT LIABILITIES

86,149

142,217

CREDITORS

Amounts falling due after more than one year

9

(21,037

)

(24,173

)

PROVISIONS FOR LIABILITIES

(8,470

)

(8,470

)

NET ASSETS

56,642

109,574

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

56,641

109,573

SHAREHOLDERS' FUNDS

56,642

109,574

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 25 September 2025 and were signed on its behalf by:

Mrs J G Dexter - Director

1.	STATUTORY INFORMATION

Cranachan 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 ten 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

-

5% on a straight line basis

Fixtures and fittings

-

10% on a straight line basis

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 26 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

104,000

18,000

122,000

AMORTISATION

At 1 January 2024

37,960

7,200

45,160

Charge for year

10,400

1,800

12,200

At 31 December 2024

48,360

9,000

57,360

NET BOOK VALUE

At 31 December 2024

55,640

9,000

64,640

At 31 December 2023

66,040

10,800

76,840

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

40,656

282,965

323,621

Additions

-

30,954

30,954

At 31 December 2024

40,656

313,919

354,575

DEPRECIATION

At 1 January 2024

29,884

235,346

265,230

Charge for year

2,033

31,391

33,424

At 31 December 2024

31,917

266,737

298,654

NET BOOK VALUE

At 31 December 2024

8,739

47,182

55,921

At 31 December 2023

10,772

47,619

58,391

6.

STOCKS

2024

2023

£

£

Stocks

15,072

14,495

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

22,991

45,440

Prepayments and accrued income

14,003

14,003

36,994

59,443

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,422

12,422

Trade creditors

26,254

62,206

Tax

17,101

14,864

Social security and other taxes

15,746

14,649

VAT

84,567

55,612

Directors' current accounts

15,984

16,114

Accrued expenses

8,539

7,714

180,613

183,581

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

21,037

24,173