REGISTERED NUMBER: SC059686 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Christian Focus Publications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

9

DIRECTORS:

Mr W H M MacKenzie

Mr H M MacKenzie

Mr K M MacKenzie

Mr W MacKenzie

REGISTERED OFFICE:

Geanies House

Tain

Ross-shire

IV201TW

REGISTERED NUMBER:

SC059686 (Scotland)

ACCOUNTANTS:

Innes & Partners Limited

Chartered Certified Accountants

9 Ardross Street

Inverness

IV3 5NN

SOLICITORS:

Ledingham Chalmers

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

FIXED ASSETS

Intangible assets

4

383,446

408,653

Tangible assets

5

378,642

395,842

762,088

804,495

CURRENT ASSETS

Stocks

1,449,298

1,445,749

Debtors

6

710,955

834,495

Prepayments and accrued income

11,980

13,864

Cash at bank

147,512

114,082

2,319,745

2,408,190

CREDITORS

Amounts falling due within one year

7

715,207

837,421

NET CURRENT ASSETS

1,604,538

1,570,769

TOTAL ASSETS LESS CURRENT LIABILITIES

2,366,626

2,375,264

PROVISIONS FOR LIABILITIES

13,771

15,178

NET ASSETS

2,352,855

2,360,086

CAPITAL AND RESERVES

Called up share capital

8

1,449,535

1,449,535

Share premium

9

130,000

130,000

Capital redemption reserve

9

5,635

5,635

Retained earnings

9

767,685

774,916

SHAREHOLDERS' FUNDS

2,352,855

2,360,086

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:

Mr W MacKenzie - Director

1.	STATUTORY INFORMATION

Christian Focus Publications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amount in these financial statements are rounded to the nearest pound sterling.

The company is 87.67% owned by Balintore Target Limited, located at Geanies House, Tain.

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.

The turnover shown in the profit and loss account represents amounts invoiced during the year, in relation to the printing and publication of Christian books and booklets, exclusive of Value Added Tax.

Intangible fixed assets

Intangible Assets represent the Origination cost of the artwork, typesetting, colour separation, duplicate film and design of the titles produced by the company. It also includes the cost of preparing books for electronic publication. The list of titles included in the value of Origination is reviewed annually and where a title is not expected to be re-printed the remaining value is written down to a nominal value of £100 (2023: £200).

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

19% Reducing balance to residual balance of £100 (2023: £200)

Tangible fixed assets

Freehold Buildings are depreciated at 1% Straight Line

Property Improvements are depreciated at 4% and 10% Straight Line

Plant and Machinery is depreciated at 10% Straight Line to £50

Office Equipment is depreciated at 25 % Straight Line to £100

Motor Vehicles is depreciated at 40% Reducing Balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Sales

Some sales are made on a "Sale or Return" basis. At the end of the period such sales are reviewed and where appropriate a provision made for potential returns.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

742,509

Additions

122,167

At 31 December 2024

864,676

AMORTISATION

At 1 January 2024

333,856

Amortisation for year

147,374

At 31 December 2024

481,230

NET BOOK VALUE

At 31 December 2024

383,446

At 31 December 2023

408,653

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

300,000

107,849

163,428

1,350

572,627

Additions

-

-

1,248

-

1,248

At 31 December 2024

300,000

107,849

164,676

1,350

573,875

DEPRECIATION

At 1 January 2024

19,500

20,261

136,303

721

176,785

Charge for year

3,000

8,261

6,935

252

18,448

At 31 December 2024

22,500

28,522

143,238

973

195,233

NET BOOK VALUE

At 31 December 2024

277,500

79,327

21,438

377

378,642

At 31 December 2023

280,500

87,588

27,125

629

395,842

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

696,251

810,815

Other debtors

14,704

23,680

710,955

834,495

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

267,754

325,169

Amounts owed to group undertakings

8,256

153,545

Taxation and social security

47,432

26,097

Other creditors

391,765

332,610

715,207

837,421

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,270,865

A Ordinary

£1

1,270,865

1,270,865

29,779

WA Ordinary

£1

29,779

29,779

29,778

WB Ordinary

£1

29,778

29,778

29,779

HA Ordinary

£1

29,779

29,779

29,778

HB Ordinary

£1

29,778

29,778

29,778

FA Ordinary

£1

29,778

29,778

29,778

FB Ordinary

£1

29,778

29,778

1,449,535

1,449,535

9.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

774,916

130,000

5,635

910,551

Profit for the year

90,769

90,769

Dividends

(98,000

)

(98,000

)

At 31 December 2024

767,685

130,000

5,635

903,320

10.	PENSION COMMITMENTS

The company operates a defined pension contribution scheme on behalf of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The commitment under this scheme based on a percentage of salary of certain employees is for contributions of £15,207 (2023: £13,920). Included in Creditors are contributions amounting to £2,946 (2023: £2,759) which are due to be paid to the pension company.

11.	RELATED PARTY DISCLOSURES

The company is 87.67% controlled by Balintore Target Limited, a company in which K M MacKenzie and W MacKenzie are directors. It is considered that the directors have control of the company.

At the end of the period the company owed £8,256 (2023: £153,545) to Balintore Target Limited. Trade with Balintore Target Limited includes management charges payable of £120,000 (2023: £120,000).

The directors, H M MacKenzie and W H MacKenzie are partners of Balintore Farms. Trade with Balintore Farms includes management charges payable of £46,000 (2023: £46,000), rent payable of £20,000 (2023: £20,000), insurance and sundry recharges payable of £5,380 (2023: £5,305), and sundry recharges receivable of £1,419 (2023: £1,020).

The net amounts due to Related Parties were as follows;

End of period - £114,892

Start of period - £110,382

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Balintore Target Limited.

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 Christian Focus Publications Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Christian Focus Publications Limited, 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 Christian Focus Publications Limited and state those matters that we have agreed to state to the Board of Directors of Christian Focus Publications Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

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 Christian Focus Publications Limited 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 profit of Christian Focus Publications Limited. You consider that Christian Focus Publications Limited 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 Christian Focus Publications Limited. 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.

Innes & Partners Limited

Chartered Certified Accountants

9 Ardross Street

Inverness

IV3 5NN

25 September 2025