REGISTERED NUMBER: SC203427 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Clan Scotland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Halley

C Halley

SECRETARY:

B Halley

REGISTERED OFFICE:

T/A Slanj

604 Duke Street

Glasgow

G31 1JX

REGISTERED NUMBER:

SC203427 (Scotland)

ACCOUNTANTS:

D.J. Martin & Co.

40/42 Brantwood Avenue

Dundee

Tayside

DD3 6EW

FIXED ASSETS

Intangible assets

4

22,500

30,000

Tangible assets

5

24,705

28,415

47,205

58,415

CURRENT ASSETS

Stocks

153,270

162,511

Debtors

6

476,182

405,015

Cash at bank and in hand

32,926

82,681

662,378

650,207

CREDITORS

Amounts falling due within one year

7

222,323

228,335

NET CURRENT ASSETS

440,055

421,872

TOTAL ASSETS LESS CURRENT LIABILITIES

487,260

480,287

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

487,150

480,177

SHAREHOLDERS' FUNDS

487,260

480,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 3 October 2025 and were signed on its behalf by:

B Halley - Director

1.	STATUTORY INFORMATION

Clan Scotland 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, including discounts and rebates, but excluding value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 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.

Hire purchase and leasing commitments

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 23 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

150,000

AMORTISATION

At 1 February 2024

120,000

Charge for year

7,500

At 31 January 2025

127,500

NET BOOK VALUE

At 31 January 2025

22,500

At 31 January 2024

30,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

55,429

56,315

10,750

17,590

140,084

Additions

-

-

-

1,444

1,444

At 31 January 2025

55,429

56,315

10,750

19,034

141,528

DEPRECIATION

At 1 February 2024

37,809

48,942

8,243

16,675

111,669

Charge for year

2,643

1,106

627

778

5,154

At 31 January 2025

40,452

50,048

8,870

17,453

116,823

NET BOOK VALUE

At 31 January 2025

14,977

6,267

1,880

1,581

24,705

At 31 January 2024

17,620

7,373

2,507

915

28,415

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

476,182

405,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Creditors & accruals

167,207

180,583

Taxation and social security

45,909

45,922

Other creditors

9,207

1,830

222,323

228,335