REGISTERED NUMBER: SC616814 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Caribbean Goods Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Gutierrez Abril

REGISTERED OFFICE:

128 Maryhill Road

Glasgow

G20 7QS

REGISTERED NUMBER:

SC616814 (Scotland)

ACCOUNTANTS:

AMAS Murrison Limited

Chartered Accountants

10 Newton Terrace

Charing Cross

Glasgow

G3 7PJ

FIXED ASSETS

Intangible assets

4

6,973

4,231

Tangible assets

5

12,285

11,987

19,258

16,218

CURRENT ASSETS

Stocks

92,714

59,494

Debtors

38,089

26,211

Cash at bank

9,659

13,085

140,462

98,790

CREDITORS

Amounts falling due within one year

118,808

102,166

NET CURRENT ASSETS/(LIABILITIES)

21,654

(3,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,912

12,842

CREDITORS

Amounts falling due after more than one year

916

-

NET ASSETS

39,996

12,842

CAPITAL AND RESERVES

Called up share capital

111

111

Retained earnings

39,885

12,731

SHAREHOLDERS' FUNDS

39,996

12,842

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 August 2026 and were signed by:

J E Gutierrez Abril - Director

1.	STATUTORY INFORMATION

Caribbean Goods 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

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Intangible assets are amortised of their useful life on a straight-line basis

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

33% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% 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

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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates 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 result.

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.

Development costs

Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

5,380

Additions

4,133

At 31 December 2025

9,513

AMORTISATION

At 1 January 2025

1,150

Amortisation for year

1,390

At 31 December 2025

2,540

NET BOOK VALUE

At 31 December 2025

6,973

At 31 December 2024

4,230

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

22,317

Additions

5,293

At 31 December 2025

27,610

DEPRECIATION

At 1 January 2025

10,330

Charge for year

4,995

At 31 December 2025

15,325

NET BOOK VALUE

At 31 December 2025

12,285

At 31 December 2024

11,987

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

J E Gutierrez Abril

Balance outstanding at start of year

48,591

48,497

Amounts advanced

12,831

10,798

Amounts repaid

(16,496

)

(10,704

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,926

48,591

7.	RELATED PARTY TRANSACTIONS

Included within debtors is a balance of £12,213 (2024: £1,793) owed to the company by companies related by virtue of common control. These amounts are repayable on demand and do not bear interest.

Also included within debtors is a balance of £270 (2024: £NIL) owed to the company by companies related by virtue of common control. These amounts are repayable on demand and do not bear interest.