Caskie Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC294508 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Caskie Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Caskie

Mrs J Caskie

SECRETARY:

N Caskie

REGISTERED OFFICE:

Mayeswood

Park Road

Kilmacolm

Renfrewshire

PA13 4EE

REGISTERED NUMBER:

SC294508 (Scotland)

ACCOUNTANTS:

McDougall Johnstone

280 St Vincent Street

Glasgow

G2 5RL

FIXED ASSETS

Tangible assets

4

1,254,720

1,321,151

CURRENT ASSETS

Stocks

112,034

26,567

Debtors

599,574

464,401

Cash at bank

201,104

174,450

912,712

665,418

CREDITORS

Amounts falling due within one year

(422,196

)

(338,427

)

NET CURRENT ASSETS

490,516

326,991

TOTAL ASSETS LESS CURRENT LIABILITIES

1,745,236

1,648,142

CREDITORS

Amounts falling due after more than one year

(331,755

)

(270,324

)

PROVISIONS FOR LIABILITIES

(168,500

)

(185,816

)

NET ASSETS

1,244,981

1,192,002

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,244,980

1,192,001

SHAREHOLDERS' FUNDS

1,244,981

1,192,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 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 Board of Directors and authorised for issue on 30 November 2021 and were signed on its behalf by:

E Caskie - Director

1.	STATUTORY INFORMATION

Caskie 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

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% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2020 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

1,987,315

Additions

126,616

Disposals

(5,300

)

At 31 March 2021

2,108,631

DEPRECIATION

At 1 April 2020

666,164

Charge for year

190,066

Eliminated on disposal

(2,319

)

At 31 March 2021

853,911

NET BOOK VALUE

At 31 March 2021

1,254,720

At 31 March 2020

1,321,151

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

Totals

£

COST

At 1 April 2020

523,805

Additions

37,130

At 31 March 2021

560,935

DEPRECIATION

At 1 April 2020

119,894

Charge for year

66,156

At 31 March 2021

186,050

NET BOOK VALUE

At 31 March 2021

374,885

At 31 March 2020

403,911

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed the company £117,010 (2020: £223,455)

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Director, Euan Caskie.