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REGISTERED NUMBER: SC479611 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 June 2024

for

ELS BATHROOM & KITCHEN STUDIO LIMITED

ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELS BATHROOM & KITCHEN STUDIO LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Slaven
Mrs T A Slaven





REGISTERED OFFICE: 100e Cumbernauld Road
Muirhead
Glasgow
G69 9AB





REGISTERED NUMBER: SC479611 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 91,027 102,654

CURRENT ASSETS
Stocks 939 869
Debtors 5 76,340 81,384
Cash at bank and in hand 206,475 105,987
283,754 188,240
CREDITORS
Amounts falling due within one year 6 (97,097 ) (96,859 )
NET CURRENT ASSETS 186,657 91,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,684

194,035

CREDITORS
Amounts falling due after more than one
year

7

(22,026

)

(27,083

)

PROVISIONS FOR LIABILITIES (22,756 ) (25,663 )
NET ASSETS 232,902 141,289

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 192,902 101,289
232,902 141,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





A Slaven - Director


ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Els Bathroom & Kitchen Studio 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.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised 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.


ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 18,579 88,541 7,600 2,929 117,649
Additions 5,224 - - - 5,224
At 30 June 2024 23,803 88,541 7,600 2,929 122,873
DEPRECIATION
At 1 July 2023 1,352 4,846 7,600 1,197 14,995
Charge for year 3,195 13,281 - 375 16,851
At 30 June 2024 4,547 18,127 7,600 1,572 31,846
NET BOOK VALUE
At 30 June 2024 19,256 70,414 - 1,357 91,027
At 30 June 2023 17,227 83,695 - 1,732 102,654

ELS BATHROOM & KITCHEN STUDIO LIMITED (REGISTERED NUMBER: SC479611)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,616 17,463
Other debtors 40,000 40,000
Tax - 12,773
VAT - 8,907
Prepayments 724 2,241
76,340 81,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,847 48,195
Tax 19,964 -
Social security and other taxes 2,596 1,600
VAT 4,046 -
Other creditors 792 981
Directors' current accounts 31,093 38,385
Accrued expenses 2,701 2,640
Deferred government grants 5,058 5,058
97,097 96,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Deferred government grants 22,026 27,083

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A Slaven
Balance outstanding at start of year (38,385 ) (19,459 )
Amounts advanced 46,000 1,180
Amounts repaid (2,708 ) (20,106 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,907 (38,385 )