REGISTERED NUMBER: SC105313 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Calzeat Retail Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R M Galbraith

B W Lang

G Galbraith

SECRETARY:

B W Lang

REGISTERED OFFICE:

Old Station Yard

Symington

Biggar

Lanarkshire

ML12 6LQ

REGISTERED NUMBER:

SC105313 (Scotland)

ACCOUNTANTS:

MRA Business Services Limited

Chartered Accountants

2 & 6 Wellgatehead

Lanark

Lanarkshire

ML11 9AA

FIXED ASSETS

Intangible assets

4

28,617

41,617

Tangible assets

5

3,189

3,936

31,806

45,553

CURRENT ASSETS

Stocks

80,428

65,783

Debtors

6

12,568

12,841

Cash at bank

30,631

21,241

123,627

99,865

CREDITORS

Amounts falling due within one year

7

248,257

176,655

NET CURRENT LIABILITIES

(124,630

)

(76,790

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(92,824

)

(31,237

)

CREDITORS

Amounts falling due after more than one year

8

1,667

11,667

NET LIABILITIES

(94,491

)

(42,904

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(94,591

)

(43,004

)

SHAREHOLDERS' FUNDS

(94,491

)

(42,904

)

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 14 December 2025 and were signed on its behalf by:

B W Lang - Director

1.	STATUTORY INFORMATION

Calzeat Retail 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.

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.

Significant judgements and estimates

In preparing these financial statements, management have not been required to make significant judgements ot estimates outwith the stated accounting policies.

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.

Plant and machinery etc

-

20% 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

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Deferred taxation

Deferred tax is not recognised.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rate 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 profit.

Turnover

In the year to 31 March 2025 4.4% (2024 - 3.6%) of the company's turnover was to markets outside the United Kingdom.

Intangible fixed assets

Goodwill is written off to the profit and loss account equally over the expected life of the asset commencing with the first anniversary of the date of first acquisition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

118,867

AMORTISATION

At 1 April 2024

77,250

Charge for year

13,000

At 31 March 2025

90,250

NET BOOK VALUE

At 31 March 2025

28,617

At 31 March 2024

41,617

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

16,397

Additions

600

At 31 March 2025

16,997

DEPRECIATION

At 1 April 2024

12,461

Charge for year

1,347

At 31 March 2025

13,808

NET BOOK VALUE

At 31 March 2025

3,189

At 31 March 2024

3,936

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

12,568

12,841

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

929

4,539

Amounts owed to group undertakings

233,460

161,257

Taxation and social security

2,010

722

Other creditors

1,858

137

248,257

176,655

Any bank overdraft is secured by cross guarantees incorporating letters of offset and bond and floating charges over the whole company assets from the following companies :

Calzeat & Company Limited, John Bell Fabrics Limited, Peter Macarthur and Company Limited, Calzeat Scotland Ltd, Thistle Mills Scotland Limited, Calzeat Retail Ltd.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

9.

CONTROL

The ultimate controlling company is Calzeat & Company Limited, a company registered in Scotland. The ultimate controlling party is A R M Galbraith, a director of the company and a director and shareholder of Calzeat & Company Limited.

10.	RELATED PARTY TRANSACTIONS

The company incurred a management charge from Calzeat and Company Limited amounting to £12,000 (2024 - £12,000).

The company purchased goods from Calzeat and Company Limited during the year of £149,477 (2024 - £141,683) , the company's ultimate parent company.