REGISTERED NUMBER: SC242415 (Scotland)

CALEY TIMBER & BUILDING SUPPLIES LIMITED

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Morrison

A Sim

E Urquhart

D C Forsyth CA

REGISTERED OFFICE:

Unit 15

Dalcross Industrial Estate

Inverness

Highland

IV2 7XB

REGISTERED NUMBER:

SC242415 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

594,115

699,179

Investments

5

1,300

-

595,415

699,179

CURRENT ASSETS

Stocks

558,862

561,393

Debtors

6

980,277

911,112

Cash at bank and in hand

1,295,511

1,592,040

2,834,650

3,064,545

CREDITORS

Amounts falling due within one year

7

1,225,975

1,090,678

NET CURRENT ASSETS

1,608,675

1,973,867

TOTAL ASSETS LESS CURRENT LIABILITIES

2,204,090

2,673,046

CREDITORS

Amounts falling due after more than one year

8

(29,178

)

(77,902

)

PROVISIONS FOR LIABILITIES

(147,240

)

(170,313

)

NET ASSETS

2,027,672

2,424,831

CAPITAL AND RESERVES

Called up share capital

57,750

57,750

Capital redemption reserve

9

92,250

92,250

Retained earnings

9

1,877,672

2,274,831

2,027,672

2,424,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 April 2026 and were signed on its behalf by:

E Urquhart - Director

1.	STATUTORY INFORMATION

Caley Timber & Building Supplies 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.

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.

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.

Plant and machinery

-

15% depreciation on reducing balance

Fixtures and fittings

-

15% depreciation on reducing balance

Motor vehicles

-

25% depreciation on reducing balance

Computer equipment

-

25% depreciation 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

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.

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 22 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

581,482

130,808

967,337

46,271

1,725,898

Additions

53,905

-

-

3,597

57,502

Disposals

(82,067

)

-

(172,690

)

-

(254,757

)

At 31 December 2025

553,320

130,808

794,647

49,868

1,528,643

DEPRECIATION

At 1 January 2025

340,642

67,109

583,707

35,261

1,026,719

Charge for year

34,239

9,555

93,999

3,652

141,445

Eliminated on disposal

(68,580

)

-

(165,056

)

-

(233,636

)

At 31 December 2025

306,301

76,664

512,650

38,913

934,528

NET BOOK VALUE

At 31 December 2025

247,019

54,144

281,997

10,955

594,115

At 31 December 2024

240,840

63,699

383,630

11,010

699,179

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

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

316,816

DEPRECIATION

At 1 January 2025

139,355

Charge for year

44,365

At 31 December 2025

183,720

NET BOOK VALUE

At 31 December 2025

133,096

At 31 December 2024

177,461

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1,300

At 31 December 2025

1,300

NET BOOK VALUE

At 31 December 2025

1,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

972,277

891,812

Other debtors

8,000

19,300

980,277

911,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

48,460

60,996

Trade creditors

847,979

792,192

Taxation and social security

280,498

183,687

Other creditors

49,038

53,803

1,225,975

1,090,678

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

29,178

77,902

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2025

2,274,831

92,250

2,367,081

Profit for the year

461,931

461,931

Contributions to EOT

(859,090

)

-

(859,090

)

At 31 December 2025

1,877,672

92,250

1,969,922

10.	RELATED PARTY DISCLOSURES

During the company paid rent to D & J Morrison totalling £97,500 (2024 - £97,500). D Morrison is a director of the company.

During the year £13,100 (2024 - £14,800) was paid to director D Forsyth CA for professional services provided to the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the CTBS Employee Ownership Trust.