REGISTERED NUMBER: SC261653 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

CULZEAN TEXTILE SOLUTIONS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Ogden

REGISTERED OFFICE:

Arran House

15D Skye Road

Prestwick

KA9 2TA

REGISTERED NUMBER:

SC261653 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Intangible assets

4

11,120

17,024

Tangible assets

5

1,254,169

1,395,967

1,265,289

1,412,991

CURRENT ASSETS

Stocks

307,716

330,442

Debtors

6

443,200

455,787

Cash at bank and in hand

662,222

370,959

1,413,138

1,157,188

CREDITORS

Amounts falling due within one year

7

376,090

441,952

NET CURRENT ASSETS

1,037,048

715,236

TOTAL ASSETS LESS CURRENT LIABILITIES

2,302,337

2,128,227

CREDITORS

Amounts falling due after more than one year

8

(413,945

)

(464,535

)

PROVISIONS FOR LIABILITIES

10

(148,254

)

(110,583

)

NET ASSETS

1,740,138

1,553,109

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,740,136

1,553,107

1,740,138

1,553,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2026 and were signed by:

M Ogden - Director

1.	STATUTORY INFORMATION

Culzean Textile Solutions 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Website development costs are being amortised evenly over their estimated useful life of four years.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on cost, 10% on cost and over 5 years

Government grants

Grants received of a capital nature are credited to a deferral account and released to profit and loss over the expected life of the related assets.Grants of a revenue nature are credited to profit and loss to match the related expenditure.

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 16 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 July 2024

and 30 June 2025

25,068

Amortisation

At 1 July 2024

8,044

Charge for year

5,904

At 30 June 2025

13,948

Net book value

At 30 June 2025

11,120

At 30 June 2024

17,024

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

At 1 July 2024

517,251

139,185

1,688,264

Additions

-

-

59,567

At 30 June 2025

517,251

139,185

1,747,831

Depreciation

At 1 July 2024

39,376

100,510

840,542

Charge for year

7,759

9,945

223,237

At 30 June 2025

47,135

110,455

1,063,779

Net book value

At 30 June 2025

470,116

28,730

684,052

At 30 June 2024

477,875

38,675

847,722

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 July 2024

73,572

18,300

-

2,436,572

Additions

-

-

54,881

114,448

At 30 June 2025

73,572

18,300

54,881

2,551,020

Depreciation

At 1 July 2024

55,602

4,575

-

1,040,605

Charge for year

7,588

3,431

4,286

256,246

At 30 June 2025

63,190

8,006

4,286

1,296,851

Net book value

At 30 June 2025

10,382

10,294

50,595

1,254,169

At 30 June 2024

17,970

13,725

-

1,395,967

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

Plant and

machinery

£

Cost

At 1 July 2024

and 30 June 2025

127,465

Depreciation

At 1 July 2024

29,463

Charge for year

19,120

At 30 June 2025

48,583

Net book value

At 30 June 2025

78,882

At 30 June 2024

98,002

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

320,372

295,511

Other debtors

122,828

160,276

443,200

455,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

21,146

22,000

Hire purchase contracts

16,667

32,986

Trade creditors

114,982

205,911

Taxation and social security

128,451

83,191

Other creditors

94,844

97,864

376,090

441,952

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

297,528

318,905

Hire purchase contracts

1,389

18,056

Other creditors

115,028

127,574

413,945

464,535

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

249,528

251,738

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

18,056

51,042

Bank loans

309,528

340,905

327,584

391,947

Hire purchase creditors are secured against the specific assets financed.

Bank loans are secured by a fixed charge over the company's freehold property together with a bond and floating charge over other assets.

10.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

148,254

110,583

Deferred

tax

£

Balance at 1 July 2024

110,583

Charge to Income Statement during year

37,671

Balance at 30 June 2025

148,254

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

M Ogden

Balance outstanding at start of year

3,609

-

Amounts advanced

30,340

3,609

Amounts repaid

(33,949

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,609

Interest was charged on the loan advance at 2.25%.