CURACH LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC425130

		30 June 2024		31 May 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,729		2,593

			1,729		2,593
CURRENT ASSETS
Work in progress	6	-		916
Debtors	7	71,661		141,865
Cash at bank and in hand		220,794		96,090

		292,455		238,871
Creditors: Amounts Falling Due Within One Year	8	(194,919 )		(111,430 )

NET CURRENT ASSETS (LIABILITIES)			97,536		127,441

TOTAL ASSETS LESS CURRENT LIABILITIES			99,265		130,034

NET ASSETS			99,265		130,034

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			99,065		129,834

SHAREHOLDERS' FUNDS			99,265		130,034

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CURACH LIMITED

Balance Sheet (continued)

As At 30 June 2024

For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Gordon McNab

Director

21 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

CURACH LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC425130 . The registered office is Linndhu House, 19 Stevenson Street, Oban, Argyll, PA34 5NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

33.33% Reducing balance

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2023	395,000

As at 30 June 2024	395,000

Amortisation
As at 1 June 2023	395,000

As at 30 June 2024	395,000

...CONTINUED

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CURACH LIMITED

Notes to the Financial Statements (continued)

For the Period 1 June 2023 to 30 June 2024

Net Book Value
As at 30 June 2024	-

As at 1 June 2023	-

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 June 2023	28,567

As at 30 June 2024	28,567

Depreciation
As at 1 June 2023	25,974
Provided during the period	864

As at 30 June 2024	26,838

Net Book Value
As at 30 June 2024	1,729

As at 1 June 2023	2,593

6. Work in progress

	30 June 2024	31 May 2023
	£	£
Work in progress	-	916

7. Debtors

	30 June 2024	31 May 2023
	£	£
Due within one year
Trade debtors	50,128	74,295
Other debtors	21,533	67,570

	71,661	141,865

8. Creditors: Amounts Falling Due Within One Year

	30 June 2024	31 May 2023
	£	£
Other creditors	194,919	11,268
Taxation and social security	-	100,162

	194,919	111,430

9. Share Capital

	30 June 2024	31 May 2023
	£	£
Allotted, Called up and fully paid	200	200

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CURACH LIMITED

Notes to the Financial Statements (continued)

For the Period 1 June 2023 to 30 June 2024

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2024
	£	£	£	£	£
Mr Gordon McNab	(304 )	20,872	-	-	20,568

The above loan is unsecured, interest free and repayable on demand.

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