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REGISTERED NUMBER: SC491391 (Scotland)















Abridged Unaudited Financial Statements

for the Period 30 November 2021 to 28 November 2022

for

House Proud (Grampian) Limited

House Proud (Grampian) Limited (Registered number: SC491391)






Contents of the Financial Statements
for the Period 30 November 2021 to 28 November 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


House Proud (Grampian) Limited

Company Information
for the Period 30 November 2021 to 28 November 2022







DIRECTORS: Mrs K Potts
J Potts





REGISTERED OFFICE: 14 Gladstone Place
Dyce
Aberdeen
Grampian
AB21 7BL





REGISTERED NUMBER: SC491391 (Scotland)





ACCOUNTANTS: Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND

House Proud (Grampian) Limited (Registered number: SC491391)

Abridged Balance Sheet
28 November 2022

28.11.22 29.11.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,617 34,517
Tangible assets 5 15,967 21,287
39,584 55,804

CURRENT ASSETS
Stocks 500 750
Debtors 191,098 294,556
Prepayments and accrued income 6,582 6,320
Cash at bank 20,788 85,695
218,968 387,321
CREDITORS
Amounts falling due within one year 293,169 398,186
NET CURRENT LIABILITIES (74,201 ) (10,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,617

)

44,939

CREDITORS
Amounts falling due after more than one year (26,612 ) (36,461 )

PROVISIONS FOR LIABILITIES (2,732 ) (3,677 )
NET (LIABILITIES)/ASSETS (63,961 ) 4,801

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (63,963 ) 4,799
SHAREHOLDERS' FUNDS (63,961 ) 4,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 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.

House Proud (Grampian) Limited (Registered number: SC491391)

Abridged Balance Sheet - continued
28 November 2022


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 period ended 28 November 2022 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 31 October 2023 and were signed on its behalf by:





Mrs K Potts - Director


House Proud (Grampian) Limited (Registered number: SC491391)

Notes to the Financial Statements
for the Period 30 November 2021 to 28 November 2022

1. STATUTORY INFORMATION

House Proud (Grampian) 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.

Going concern

As at 28 November 2022, the company had net liabilities of £63,961. The company is reliant on the continuing support of the directors. The directors have confirmed their intentions to continue to support the company. On the above basis the directors consider that the accounts should be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the Company will receive the consideration due under the contract, the stage of completion of the contract at the end of the reporting period can be measured reliably and when the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 stock to its present location and condition.

House Proud (Grampian) Limited (Registered number: SC491391)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 28 November 2022

2. ACCOUNTING POLICIES - continued

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 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 and loss immediately.

All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit and 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.

Taxation
Taxation for the period 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 period 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.

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 period was 34 (2021 - 40 ) .

House Proud (Grampian) Limited (Registered number: SC491391)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 28 November 2022

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 November 2021
and 28 November 2022 109,000
AMORTISATION
At 30 November 2021 74,483
Amortisation for period 10,900
At 28 November 2022 85,383
NET BOOK VALUE

At 28 November 2022 23,617
At 29 November 2021 34,517

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 November 2021
and 28 November 2022 69,524
DEPRECIATION
At 30 November 2021 48,237
Charge for period 5,320
At 28 November 2022 53,557
NET BOOK VALUE
At 28 November 2022 15,967
At 29 November 2021 21,287


6. OTHER FINANCIAL COMMITMENTS

As at 28 November 2022, the company had total commitments under non cancellable operating leases over the remaining life of those leases of £nil (2021 - £440).