REGISTERED NUMBER: SC526329 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cairn Joinery Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K A Anderson

R Anderson

REGISTERED OFFICE:

Dunmovin The Haughs

Rothes

Aberlour

Banffshire

AB38 7AW

REGISTERED NUMBER:

SC526329 (Scotland)

ACCOUNTANT:

Gordon Scott

Chartered Accountants

Scottca Ltd

34 Ferryhill

Forres

Moray

IV36 2GY

FIXED ASSETS

Tangible assets

4

156,565

182,554

Investment property

5

136,772

-

293,337

182,554

CURRENT ASSETS

Stocks

-

150,896

Debtors

6

44,136

118,913

Cash at bank

111,980

107,072

156,116

376,881

CREDITORS

Amounts falling due within one year

7

281,806

297,047

NET CURRENT (LIABILITIES)/ASSETS

(125,690

)

79,834

TOTAL ASSETS LESS CURRENT LIABILITIES

167,647

262,388

CREDITORS

Amounts falling due after more than one year

8

(110,453

)

(179,856

)

PROVISIONS FOR LIABILITIES

(24,871

)

(25,945

)

NET ASSETS

32,323

56,587

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

32,320

56,584

SHAREHOLDERS' FUNDS

32,323

56,587

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2025 and were signed on its behalf by:

Mrs K A Anderson - Director

1.	STATUTORY INFORMATION

Cairn Joinery Services Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

267,201

Additions

24,997

At 31 March 2025

292,198

DEPRECIATION

At 1 April 2024

84,647

Charge for year

50,986

At 31 March 2025

135,633

NET BOOK VALUE

At 31 March 2025

156,565

At 31 March 2024

182,554

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

231,297

DEPRECIATION

At 1 April 2024

70,743

Charge for year

42,071

At 31 March 2025

112,814

NET BOOK VALUE

At 31 March 2025

118,483

At 31 March 2024

160,554

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

136,772

At 31 March 2025

136,772

NET BOOK VALUE

At 31 March 2025

136,772

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

28,135

77,788

Other debtors

16,001

41,125

44,136

118,913

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

142,122

62,540

Hire purchase contracts and finance leases

42,287

43,128

Trade creditors

16,314

10,951

Taxation and social security

30,285

51,928

Other creditors

50,798

128,500

281,806

297,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

42,382

66,728

Hire purchase contracts and finance leases

68,071

113,128

110,453

179,856