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REGISTERED NUMBER: SC576382 (Scotland)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Greenside Kitchens & Bathrooms Ltd

Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Contents of the Financial Statements
for the year ended 31st January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Greenside Kitchens & Bathrooms Ltd

Company Information
for the year ended 31st January 2024







Director: M W Pirrie





Registered office: Stable Cottage Courthill Road
Rosemarkie
Fortrose
IV10 8UE





Registered number: SC576382 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Greenside Kitchens & Bathrooms Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greenside Kitchens & Bathrooms Ltd for the year ended 31st January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Greenside Kitchens & Bathrooms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenside Kitchens & Bathrooms Ltd and state those matters that we have agreed to state to the director of Greenside Kitchens & Bathrooms Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Greenside Kitchens & Bathrooms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Greenside Kitchens & Bathrooms Ltd. You consider that Greenside Kitchens & Bathrooms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenside Kitchens & Bathrooms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


Date: .............................................

Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,190 5,542

Current assets
Stocks 920 2,322
Debtors 5 7,066 12,103
Cash at bank 14,022 7,959
22,008 22,384
Creditors
Amounts falling due within one year 6 34,546 32,265
Net current liabilities (12,538 ) (9,881 )
Total assets less current liabilities (11,348 ) (4,339 )

Creditors
Amounts falling due after more than one year 7 27,086 29,226
Net liabilities (38,434 ) (33,565 )

Capital and reserves
Called up share capital 50 50
Retained earnings (38,484 ) (33,615 )
(38,434 ) (33,565 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Balance Sheet - continued
31st January 2024


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 director and authorised for issue on 11th October 2024 and were signed by:





M W Pirrie - Director


Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Notes to the Financial Statements
for the year ended 31st January 2024


1. Statutory information

Greenside Kitchens & Bathrooms 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
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.

Property improvements - nil
Plant and machinery - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


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.

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

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st February 2023 890 5,500 16,000 2,602 24,992
Disposals - - (16,000 ) - (16,000 )
At 31st January 2024 890 5,500 - 2,602 8,992
Depreciation
At 1st February 2023 - 5,500 12,000 1,950 19,450
Charge for year - - - 352 352
Eliminated on disposal - - (12,000 ) - (12,000 )
At 31st January 2024 - 5,500 - 2,302 7,802
Net book value
At 31st January 2024 890 - - 300 1,190
At 31st January 2023 890 - 4,000 652 5,542

Greenside Kitchens & Bathrooms Ltd (Registered number: SC576382)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 438 1,453
Amounts recoverable on contract 6,628 5,545
Other debtors - 5,105
7,066 12,103

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,518 4,518
Trade creditors 27,228 14,184
Taxation and social security (122 ) 5,128
Other creditors 2,922 8,435
34,546 32,265

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 27,086 29,226