REGISTERED NUMBER: 01487710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLYDESDALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D S Sample

REGISTERED OFFICE:

Instal House

3 Sunbeam Road

Woburn Road Industrial Estate

Kempston

Bedfordshire

REGISTERED NUMBER:

01487710 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

4

63,617

94,719

CURRENT ASSETS

Stocks

845,435

678,464

Debtors

5

663,767

720,012

Cash at bank and in hand

667,396

728,208

2,176,598

2,126,684

CREDITORS

Amounts falling due within one year

6

1,073,514

1,263,280

NET CURRENT ASSETS

1,103,084

863,404

TOTAL ASSETS LESS CURRENT LIABILITIES

1,166,701

958,123

CAPITAL AND RESERVES

Called up share capital

70

70

Capital redemption reserve

50

50

Retained earnings

1,166,581

958,003

SHAREHOLDERS' FUNDS

1,166,701

958,123

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 28 September 2025 and were signed by:

D S Sample - Director

1.	STATUTORY INFORMATION

Clydesdale Limited is a private company, limited by shares , registered in England and Wales. 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 (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets

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

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Stocks

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

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are capitalised at their fair value on the inception of the leases and depreciated over the shorter of the period of the lease and the estimated useful economic lives of the assets. The finance charges are allocated over the period of the lease in proportion to the capital amount outstanding and are charged to the profit and loss account.

Operating lease rentals are charged to the profit and loss account in equal amounts over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

247,089

119,758

366,847

Additions

12,960

15,750

28,710

Disposals

-

(40,952

)

(40,952

)

At 31 December 2024

260,049

94,556

354,605

DEPRECIATION

At 1 January 2024

215,275

56,853

272,128

Charge for year

20,949

24,302

45,251

Eliminated on disposal

-

(26,391

)

(26,391

)

At 31 December 2024

236,224

54,764

290,988

NET BOOK VALUE

At 31 December 2024

23,825

39,792

63,617

At 31 December 2023

31,814

62,905

94,719

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

593,455

655,111

Deferred tax asset

Depreciation in excess of capital allowances

29,720

21,009

Prepayments and other debtors

34,764

38,064

657,939

714,184

Amounts falling due after more than one year:

S455 tax recoverable

5,828

5,828

Aggregate amounts

663,767

720,012

The company has included the deferred tax asset arising from interaction of capital allowances with fixed assets. The directors are of the opinion that suitable profits will arise in the future against which this asset can be recovered.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

-

12,564

Trade creditors

399,243

315,776

Tax

152,262

109,373

Social security and other taxes

19,579

10,267

VAT

21,113

33,265

Sample Holdings Limited

404,767

709,032

Directors' current accounts

195

326

Accrued expenses

76,355

72,677

1,073,514

1,263,280

7.	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

£

£

D S Sample

Balance outstanding at start of year

(325

)

17,268

Amounts advanced

128,442

107,719

Amounts repaid

(128,312

)

(125,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(195

)

(325

)

The above loan is unsecured, repayable on demand and interest is payable to the company at the official HMRC beneficial loan interest rates.