IRIS Accounts Production v24.3.0.553 SC525759 director 1.3.23 29.2.24 29.2.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5257592023-02-28SC5257592024-02-29SC5257592023-03-012024-02-29SC5257592022-02-28SC5257592022-03-012023-02-28SC5257592023-02-28SC525759ns15:Scotland2023-03-012024-02-29SC525759ns14:PoundSterling2023-03-012024-02-29SC525759ns10:Director12023-03-012024-02-29SC525759ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC525759ns10:SmallEntities2023-03-012024-02-29SC525759ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC525759ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC525759ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC525759ns10:FullAccounts2023-03-012024-02-29SC525759ns10:RegisteredOffice2023-03-012024-02-29SC525759ns5:CurrentFinancialInstruments2024-02-29SC525759ns5:CurrentFinancialInstruments2023-02-28SC525759ns5:Non-currentFinancialInstruments2024-02-29SC525759ns5:Non-currentFinancialInstruments2023-02-28SC525759ns5:ShareCapital2024-02-29SC525759ns5:ShareCapital2023-02-28SC525759ns5:RetainedEarningsAccumulatedLosses2024-02-29SC525759ns5:RetainedEarningsAccumulatedLosses2023-02-28SC525759ns5:PlantMachinery2023-02-28SC525759ns5:PlantMachinery2023-03-012024-02-29SC525759ns5:PlantMachinery2024-02-29SC525759ns5:PlantMachinery2023-02-28SC525759ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-28SC525759ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-29SC525759ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-29SC525759ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-28SC525759ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SC525759ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28SC5257591ns10:Director12023-02-28SC5257591ns10:Director12022-02-28SC5257591ns10:Director12023-03-012024-02-29SC5257591ns10:Director12022-03-012023-02-28SC5257591ns10:Director12024-02-29SC5257591ns10:Director12023-02-28
REGISTERED NUMBER: SC525759 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Refresh Bespoke Painting & Decorating
Limited

Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Refresh Bespoke Painting & Decorating
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J A Mellis





REGISTERED OFFICE: Dee Bank
299 North Deeside Road
Cults
Aberdeen
AB15 9PA





REGISTERED NUMBER: SC525759 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,986 10,828

CURRENT ASSETS
Stocks 500 500
Debtors 6 9,350 9,129
Cash at bank 1,575 1,476
11,425 11,105
CREDITORS
Amounts falling due within one year 7 19,311 7,914
NET CURRENT (LIABILITIES)/ASSETS (7,886 ) 3,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

14,019

CREDITORS
Amounts falling due after more than one
year

8

-

13,917
NET ASSETS 100 102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 2
SHAREHOLDERS' FUNDS 100 102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Statement of Financial Position - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





J A Mellis - Director


Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Refresh Bespoke Painting & Decorating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Depreciation on other assets 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.

Motor Vehicle - 25% reducing balance
Computer Equipment - 33% straight line

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

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 26,700
DEPRECIATION
At 1 March 2023 15,872
Charge for year 2,842
At 29 February 2024 18,714
NET BOOK VALUE
At 29 February 2024 7,986
At 28 February 2023 10,828

Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 26,211
DEPRECIATION
At 1 March 2023 15,577
Charge for year 2,793
At 29 February 2024 18,370
NET BOOK VALUE
At 29 February 2024 7,841
At 28 February 2023 10,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 591 -
Other debtors 8,759 9,129
9,350 9,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,917 3,054
Taxation and social security 1,418 3,079
Other creditors 3,976 1,781
19,311 7,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 13,917

Refresh Bespoke Painting & Decorating
Limited (Registered number: SC525759)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
J A Mellis
Balance outstanding at start of year 9,035 -
Amounts advanced 8,626 9,035
Amounts repaid (9,035 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,626 9,035