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REGISTERED NUMBER: SC472121 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Reflections (Scotland) Ltd

Reflections (Scotland) Ltd (Registered number: SC472121)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reflections (Scotland) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Chatham





REGISTERED OFFICE: 21 Sportsfield Road
Hamilton
Lanarkshire
ML3 8RF





REGISTERED NUMBER: SC472121 (Scotland)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

Reflections (Scotland) Ltd (Registered number: SC472121)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,497 38,082
24,497 38,082

CURRENT ASSETS
Debtors 6 33,754 13,977
Cash at bank 16,906 9,683
50,660 23,660
CREDITORS
Amounts falling due within one year 7 38,676 15,185
NET CURRENT ASSETS 11,984 8,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,481

46,557

CREDITORS
Amounts falling due after more than one year 8 31,116 46,333
NET ASSETS 5,365 224

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 5,355 214
SHAREHOLDERS' FUNDS 5,365 224

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

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

Reflections (Scotland) Ltd (Registered number: SC472121)

Balance Sheet - continued
31 March 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 19 September 2024 and were signed by:





G Chatham - Director


Reflections (Scotland) Ltd (Registered number: SC472121)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Reflections (Scotland) 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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 etc - 25% on cost

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.

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.

Reflections (Scotland) Ltd (Registered number: SC472121)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,000
AMORTISATION
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 56,110
Additions 590
At 31 March 2024 56,700
DEPRECIATION
At 1 April 2023 18,028
Charge for year 14,175
At 31 March 2024 32,203
NET BOOK VALUE
At 31 March 2024 24,497
At 31 March 2023 38,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,754 11,027
Other debtors - 2,950
33,754 13,977

Reflections (Scotland) Ltd (Registered number: SC472121)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 4,444
Taxation and social security 32,701 10,256
Other creditors 975 485
38,676 15,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,706 12,262
Hire purchase contracts 24,410 34,071
31,116 46,333

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 14,749 24,410

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G Chatham
Balance outstanding at start of year 2,950 4,460
Amounts advanced - 2,950
Amounts repaid (2,950 ) (4,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,950

Director loan was fully repaid within nine months of the year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Chatham.