REGISTERED NUMBER: SC262302 (Scotland)

Celtic Food Machinery Limited

Financial Statements For The Period 1 January 2024 to 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

S Smith

SECRETARY:

S Smith

REGISTERED OFFICE:

Kishmul

Coltfield

Alves

Elgin

IV30 8XB

REGISTERED NUMBER:

SC262302 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

-

21,096

CURRENT ASSETS

Stocks

-

86,495

Debtors

5

46,514

168,376

Cash at bank and in hand

334,456

444,318

380,970

699,189

CREDITORS

Amounts falling due within one year

6

3,771

136,045

NET CURRENT ASSETS

377,199

563,144

TOTAL ASSETS LESS CURRENT LIABILITIES

377,199

584,240

PROVISIONS FOR LIABILITIES

7

-

4,820

NET ASSETS

377,199

579,420

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

376,199

578,420

SHAREHOLDERS' FUNDS

377,199

579,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 September 2025 and were signed by:

S Smith - Director

1.	STATUTORY INFORMATION

Celtic Food Machinery 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

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 period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 January 2024

53,075

Disposals

(53,075

)

At 30 June 2025

-

DEPRECIATION

At 1 January 2024

31,979

Charge for period

6,605

Eliminated on disposal

(38,584

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 31 December 2023

21,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.23

£

£

Trade debtors

-

166,340

Other debtors

46,514

2,036

46,514

168,376

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.23

£

£

Trade creditors

3,002

63,542

Taxation and social security

-

65,733

Other creditors

769

6,770

3,771

136,045

7.	PROVISIONS FOR LIABILITIES

30.6.25

31.12.23

£

£

Deferred tax

-

4,820

Deferred

tax

£

Balance at 1 January 2024

4,820

Credit to Income Statement during period

(4,820

)

Balance at 30 June 2025

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2024

578,420

Deficit for the period

(177,981

)

Dividends

(24,240

)

At 30 June 2025

376,199

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £16,740 (2023 - £46,500) were paid to the directors .

Included in other creditors is an interest free directors loan of £1 (2023 £4,111) due to Mrs S Smith. There are no repayment terms.

11.	ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr I C Smith and Mrs S Smith until 8 May 2024. Thereafter under the complete control of Mrs S Smith..

The following reproduces the text of the report prepared for the director 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 Director 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 Celtic Food Machinery Limited for the period ended 30 June 2025 which comprise the Income Statement, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Celtic Food Machinery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Celtic Food Machinery Limited and state those matters that we have agreed to state to the director of Celtic Food Machinery Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Celtic Food Machinery Limited and its director for our work or for this report.

It is your duty to ensure that Celtic Food Machinery 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 loss of Celtic Food Machinery Limited. You consider that Celtic Food Machinery Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Celtic Food Machinery 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.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

22 September 2025