REGISTERED NUMBER: SC284502 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Caird Leisure Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Henryson-Caird

SECRETARY:

Mrs S Henryson-Caird

REGISTERED OFFICE:

Castle Cary

Creetown

Newton Stewart

Dumfries & Galloway

DG8 7DQ

REGISTERED NUMBER:

SC284502 (Scotland)

ACCOUNTANTS:

McMillan Bain & Company

27 High Park Avenue

Stranraer

Dumfries & Galloway

DG9 0DE

FIXED ASSETS

Tangible assets

4

757,724

714,834

CURRENT ASSETS

Stocks

159,400

150,193

Debtors

135,806

107,589

Cash at bank and in hand

218,662

340,965

513,868

598,747

CREDITORS

Amounts falling due within one year

678,625

797,820

NET CURRENT LIABILITIES

(164,757

)

(199,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

592,967

515,761

CREDITORS

Amounts falling due after more than one year

(22,329

)

-

PROVISIONS FOR LIABILITIES

(33,088

)

(29,344

)

NET ASSETS

537,550

486,417

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

537,450

486,317

SHAREHOLDERS' FUNDS

537,550

486,417

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

A P Henryson-Caird - Director

1.	STATUTORY INFORMATION

Caird Leisure 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Site

improvements

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% 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 Profit and Loss Account, 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.

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 year was 11 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,421,290

Additions

95,476

Disposals

(24,389

)

At 31 December 2024

1,492,377

DEPRECIATION

At 1 January 2024

706,456

Charge for year

45,651

Eliminated on disposal

(17,454

)

At 31 December 2024

734,653

NET BOOK VALUE

At 31 December 2024

757,724

At 31 December 2023

714,834

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

15,428

Additions

49,950

Transfer to ownership

(15,428

)

At 31 December 2024

49,950

DEPRECIATION

At 1 January 2024

9,109

Charge for year

11,254

Transfer to ownership

(10,373

)

At 31 December 2024

9,990

NET BOOK VALUE

At 31 December 2024

39,960

At 31 December 2023

6,319

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

32,479

807

Obligations under finance leases and hire purchase contracts are secured by the assets to which the agreement relates.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Shares

£1

100

100

7.	RELATED PARTY DISCLOSURES

Included within other creditors are directors loans of £295,718 (2023: £401,663). The director continues to support the financing of the company and will only seek repayment of the director's loan when prudent to do so.