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REGISTERED NUMBER: SC513751 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

The Pink House Interiors Ltd

The Pink House Interiors Ltd (Registered number: SC513751)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Pink House Interiors Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: E P Murray
E C Murray



SECRETARY: E C Murray



REGISTERED OFFICE: 6 Logie Mill
Edinburgh
Lothian
EH7 4HG



REGISTERED NUMBER: SC513751 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: The Royal Bank of Scotland
142-144 Princes Street
Edinburgh
EH2 4EQ

The Pink House Interiors Ltd (Registered number: SC513751)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,264 1,719
Tangible assets 5 490 1,370
1,754 3,089

CURRENT ASSETS
Debtors 6 7,258 -
Cash at bank 9,172 9,980
16,430 9,980
CREDITORS
Amounts falling due within one year 7 18,089 12,807
NET CURRENT LIABILITIES (1,659 ) (2,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95

262

PROVISIONS FOR LIABILITIES 8 93 260
NET ASSETS 2 2

CAPITAL AND RESERVES
Called up share capital 9 2 2
SHAREHOLDERS' FUNDS 2 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





E C Murray - Director


The Pink House Interiors Ltd (Registered number: SC513751)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The Pink House Interiors 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 the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the continuing support of the directors.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors within one year.

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition intangible assets are measured at cost less any accumulated amoritsation and any accumulated impairment losses.

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

Amortisation is provided at the following annual rate to write off the cost over its estimated useful life.

Patent & Licenses - 10% on cost

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures & Fittings-20% on cost
Computer Equipment-25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss 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.


The Pink House Interiors Ltd (Registered number: SC513751)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Basic financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 February 2022
and 31 January 2023 4,550
AMORTISATION
At 1 February 2022 2,831
Amortisation for year 455
At 31 January 2023 3,286
NET BOOK VALUE
At 31 January 2023 1,264
At 31 January 2022 1,719

The Pink House Interiors Ltd (Registered number: SC513751)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 February 2022
and 31 January 2023 15,815 2,861 18,676
DEPRECIATION
At 1 February 2022 15,195 2,111 17,306
Charge for year 620 260 880
At 31 January 2023 15,815 2,371 18,186
NET BOOK VALUE
At 31 January 2023 - 490 490
At 31 January 2022 620 750 1,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Trade debtors 7,258 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Taxation and social security 3,049 6,888
Other creditors 15,040 5,919
18,089 12,807

8. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£ £
Deferred tax 93 260

Deferred tax
£
Balance at 1 February 2022 260
Provided during year (167 )
Balance at 31 January 2023 93

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.23 31.1.22
value: £ £
1 Class A - voting shares £1 1 1
1 Class B - non voting shares £1 1 1
2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £2,107 as at 31st January 2023 (2022: £3,234).

The Pink House Interiors Ltd (Registered number: SC513751)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

11. RELATED PARTY DISCLOSURES




Related Party



Transaction Type


Transaction in
period 31.1.23


Transaction in
period 31.1.22
Balance due
from/(payable to)
related party at
31.1.23

Balance due from /
(payable to) related
party at 31.1.22

Euan Murray Ltd Dividend (10,176) (28,185) (11,361) (1,185)


Euan Murray Ltd is the parent company of The Pink House Interiors Ltd.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Euan Murray Limited.

The ultimate controlling interest is Mr E Murray.