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REGISTERED NUMBER: SC490751 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Rubix Bathrooms Limited

Rubix Bathrooms Limited (Registered number: SC490751)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rubix Bathrooms Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: Mr M F McMonagle
Mrs F A McMonagle





REGISTERED OFFICE: 6 Culzean Place
Stenhousemuir
Central
FK5 4UD





REGISTERED NUMBER: SC490751 (Scotland)





ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ

Rubix Bathrooms Limited (Registered number: SC490751)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,344 7,125

CURRENT ASSETS
Cash at bank 7,822 1,169

CREDITORS
Amounts falling due within one year 5 13,598 17,941
NET CURRENT LIABILITIES (5,776 ) (16,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(432

)

(9,647

)

CREDITORS
Amounts falling due after more than one year 6 (5,311 ) (6,533 )

PROVISIONS FOR LIABILITIES (1,051 ) (1,354 )
NET LIABILITIES (6,794 ) (17,534 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,796 ) (17,536 )
SHAREHOLDERS' FUNDS (6,794 ) (17,534 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Rubix Bathrooms Limited (Registered number: SC490751)

Balance Sheet - continued
30 November 2021


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 12 August 2022 and were signed on its behalf by:




Mr M F McMonagle - Director



Mrs F A McMonagle - Director


Rubix Bathrooms Limited (Registered number: SC490751)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Rubix Bathrooms 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.

During the year the company made a profit of £19,740 and at the balance sheet date its current liabilities exceeded its current assets by £5,776. After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as the liability is, in the main, to themselves. For this reason, the financial statements have been prepared on a going concern basis.

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.
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Rubix Bathrooms Limited (Registered number: SC490751)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2020
and 30 November 2021 9,500
DEPRECIATION
At 1 December 2020 2,375
Charge for year 1,781
At 30 November 2021 4,156
NET BOOK VALUE
At 30 November 2021 5,344
At 30 November 2020 7,125

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 1,340 467
Trade creditors 1,346 1,740
Taxation and social security 4,072 229
Other creditors 6,840 15,505
13,598 17,941

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans 5,311 6,533

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loans more 5 yr - 933

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 (2020 - £10,100) were paid to the directors .