1 November 2024 v2026.29.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP068114632024-11-012025-10-31068114632025-10-31068114632024-10-3106811463core:WithinOneYear2025-10-3106811463core:WithinOneYear2024-10-3106811463core:AfterOneYear2024-10-3106811463core:ShareCapital2025-10-3106811463core:ShareCapital2024-10-3106811463core:RetainedEarningsAccumulatedLosses2025-10-3106811463core:RetainedEarningsAccumulatedLosses2024-10-3106811463bus:Director12024-11-012025-10-3106811463bus:RegisteredOffice2024-11-012025-10-3106811463core:LandBuildings2024-11-012025-10-3106811463core:FurnitureFittingsToolsEquipment2024-11-012025-10-3106811463core:MotorVehicles2024-11-012025-10-31068114632023-11-012024-10-3106811463core:LandBuildings2024-11-0106811463core:PlantMachinery2024-11-01068114632024-11-0106811463core:PlantMachinery2024-11-012025-10-3106811463core:LandBuildings2025-10-3106811463core:PlantMachinery2025-10-3106811463core:LandBuildings2024-10-3106811463core:PlantMachinery2024-10-3106811463core:BetweenOneFiveYears2025-10-3106811463core:BetweenOneFiveYears2024-10-310681146312024-11-012025-10-3106811463countries:EnglandWales2024-11-012025-10-3106811463bus:AuditExemptWithAccountantsReport2024-11-012025-10-3106811463bus:PrivateLimitedCompanyLtd2024-11-012025-10-3106811463bus:SmallEntities2024-11-012025-10-3106811463bus:FullAccounts2024-11-012025-10-31
Company registration number:
06811463
Celtic Guns Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2025
Lowe Accounting Solutions Limited
3 Brays Place, St Austell, Cornwall, PL25 3BH, United Kingdom
Celtic Guns Limited
Report of the Accountant to the director of Celtic Guns Limited
Year ended
31 October 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 October 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Lowe Accounting Solutions Limited
3 Brays Place
St Austell
Cornwall
PL25 3BH
United Kingdom
Date:
31 July 2026
Celtic Guns Limited
Statement of Financial Position
31 October 2025
20252024
Note££
Fixed assets    
Tangible assets 5
8,054
 
11,946
 
Current assets    
Stocks
595,679
 
637,197
 
Debtors 6
19,593
 
16,823
 
Cash at bank and in hand
120,121
 
36,947
 
735,393
 
690,967
 
Creditors: amounts falling due within one year 7
(171,483
 )
(169,579
 )
Net current assets
563,910
 
521,388
 
Total assets less current liabilities 571,964   533,334  
Creditors: amounts falling due after more than one year 8 -  
(5,833
 )
Provisions for liabilities
(1,530
 )
(2,270
 )
Net assets
570,434
 
525,231
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
570,433
 
525,230
 
Shareholders funds
570,434
 
525,231
 
For the year ending
31 October 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 July 2026
, and are signed on behalf of the board by:
K Spear
Director
Company registration number:
06811463
Celtic Guns Limited
Notes to the Financial Statements
Year ended
31 October 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
31a Normandy Way
,
Bodmin
,
Cornwall
,
PL31 1HA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
15% Reducing Balance
Fixtures, fittings and equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
3.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 November 2024
13,816
 
11,187
 
25,003
 
Additions -  
2,475
 
2,475
 
Disposals -  
(6,000
 )
(6,000
 )
At
31 October 2025
13,816
 
7,662
 
21,478
 
Depreciation      
At
1 November 2024
7,686
 
5,371
 
13,057
 
Charge
920
 
947
 
1,867
 
Disposals -  
(1,500
 )
(1,500
 )
At
31 October 2025
8,606
 
4,818
 
13,424
 
Carrying amount      
At
31 October 2025
5,210
 
2,844
 
8,054
 
At 31 October 2024
6,130
 
5,816
 
11,946
 

6 Debtors

20252024
££
Trade debtors
11,333
 
6,060
 
Other debtors
8,260
 
10,763
 
19,593
 
16,823
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
5,834
 
10,000
 
Trade creditors
20,411
 
25,296
 
Taxation and social security
22,956
 
13,779
 
Other creditors
122,282
 
120,504
 
171,483
 
169,579
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts -  
5,833
 

9 Operating leases

The company as lessee    
20252024
££
Not later than 1 year
5,520.00
 
5,520
 
Later than 1 year and not later than 5 years
3,680
 
9,199
 
9,200
 
14,719
 
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.