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REGISTERED NUMBER: SC315937 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SPIK & SPAN LIMITED

SPIK & SPAN LIMITED (REGISTERED NUMBER: SC315937)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPIK & SPAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mrs V Harkin





REGISTERED OFFICE: 67 Main Street
Bothwell
Glasgow
G71 8ER





REGISTERED NUMBER: SC315937 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

SPIK & SPAN LIMITED (REGISTERED NUMBER: SC315937)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 - 1,013
- 1,014

CURRENT ASSETS
Debtors 6 712 5,233
Cash at bank 1,516 -
2,228 5,233
CREDITORS
Amounts falling due within one year 7 10,619 (27 )
NET CURRENT (LIABILITIES)/ASSETS (8,391 ) 5,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,391

)

6,274

PROVISIONS FOR LIABILITIES 8 - 185
NET (LIABILITIES)/ASSETS (8,391 ) 6,089

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (8,891 ) 5,589
SHAREHOLDERS' FUNDS (8,391 ) 6,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 14 April 2025 and were signed by:




Mrs V Harkin - Director


SPIK & SPAN LIMITED (REGISTERED NUMBER: SC315937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Spik & Span 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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 cost
Fixtures and fittings - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

SPIK & SPAN LIMITED (REGISTERED NUMBER: SC315937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 35,000
Disposals (35,000 )
At 31 March 2025 -
AMORTISATION
At 1 April 2024 34,999
Eliminated on disposal (34,999 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2024 4,335 801 5,136
Disposals (4,335 ) (801 ) (5,136 )
At 31 March 2025 - - -
DEPRECIATION
At 1 April 2024 3,327 796 4,123
Charge for year 434 - 434
Eliminated on disposal (3,761 ) (796 ) (4,557 )
At 31 March 2025 - - -
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 1,008 5 1,013

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 560 4,395
Section 455 tax - 647
VAT 152 191
712 5,233

SPIK & SPAN LIMITED (REGISTERED NUMBER: SC315937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 12,820
Trade creditors 445 -
Corporation tax (3,239 ) 4,237
Payroll taxation (3,401 ) (18,594 )
Directors' current accounts 15,675 459
Accrued charges 1,139 1,051
10,619 (27 )

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax - 185

Deferred
tax
£   
Balance at 1 April 2024 185
Provided during year (185 )
Balance at 31 March 2025 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V Harkin.