IRIS Accounts Production v25.1.0.734 SC192700 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1927002024-01-31SC1927002025-01-31SC1927002024-02-012025-01-31SC1927002023-01-31SC1927002023-02-012024-01-31SC1927002024-01-31SC192700ns15:Scotland2024-02-012025-01-31SC192700ns14:PoundSterling2024-02-012025-01-31SC192700ns10:Director12024-02-012025-01-31SC192700ns10:PrivateLimitedCompanyLtd2024-02-012025-01-31SC192700ns10:SmallEntities2024-02-012025-01-31SC192700ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-31SC192700ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-31SC192700ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-31SC192700ns10:FullAccounts2024-02-012025-01-31SC192700ns10:RegisteredOffice2024-02-012025-01-31SC192700ns5:CurrentFinancialInstruments2025-01-31SC192700ns5:CurrentFinancialInstruments2024-01-31SC192700ns5:Non-currentFinancialInstruments2025-01-31SC192700ns5:Non-currentFinancialInstruments2024-01-31SC192700ns5:ShareCapital2025-01-31SC192700ns5:ShareCapital2024-01-31SC192700ns5:RetainedEarningsAccumulatedLosses2025-01-31SC192700ns5:RetainedEarningsAccumulatedLosses2024-01-31SC192700ns5:LeaseholdImprovements2024-02-012025-01-31SC192700ns5:PlantMachinery2024-02-012025-01-31SC192700ns5:FurnitureFittings2024-02-012025-01-31SC192700ns5:MotorVehicles2024-02-012025-01-31SC192700ns5:ComputerEquipment2024-02-012025-01-31SC192700ns5:LeaseholdImprovements2024-01-31SC192700ns5:PlantMachinery2024-01-31SC192700ns5:FurnitureFittings2024-01-31SC192700ns5:LeaseholdImprovements2025-01-31SC192700ns5:PlantMachinery2025-01-31SC192700ns5:FurnitureFittings2025-01-31SC192700ns5:LeaseholdImprovements2024-01-31SC192700ns5:PlantMachinery2024-01-31SC192700ns5:FurnitureFittings2024-01-31SC192700ns5:MotorVehicles2024-01-31SC192700ns5:ComputerEquipment2024-01-31SC192700ns5:MotorVehicles2025-01-31SC192700ns5:ComputerEquipment2025-01-31SC192700ns5:MotorVehicles2024-01-31SC192700ns5:ComputerEquipment2024-01-31SC192700ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-31SC192700ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC192700ns5:DeferredTaxation2024-01-31SC192700ns5:DeferredTaxation2024-02-012025-01-31SC192700ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: SC192700 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Finesse Windows & Interiors Ltd.

Finesse Windows & Interiors Ltd. (Registered number: SC192700)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finesse Windows & Interiors Ltd.

Company Information
for the Year Ended 31 January 2025







DIRECTOR: N Thain





REGISTERED OFFICE: Unit 10, Randolph Court
Randolph Industrial Estate
Kirkcaldy
Fife
KY1 2YY





REGISTERED NUMBER: SC192700 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 98,149 75,236

CURRENT ASSETS
Stocks 17,000 18,000
Debtors 5 29,818 40,538
Cash at bank 37,717 2,674
84,535 61,212
CREDITORS
Amounts falling due within one year 6 110,062 112,380
NET CURRENT LIABILITIES (25,527 ) (51,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,622

24,068

CREDITORS
Amounts falling due after more than one year 7 (19,781 ) (11,956 )

PROVISIONS FOR LIABILITIES 8 (12,558 ) (5,349 )
NET ASSETS 40,283 6,763

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 40,279 6,759
40,283 6,763

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Balance Sheet - continued
31 January 2025


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 10 April 2025 and were signed by:





N Thain - Director


Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Finesse Windows & Interiors 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.

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


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. The company's policy is to recognise a sale when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

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.

Debtors and creditors receivable / payable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 104,303 41,783 7,710
Additions - 3,027 -
At 31 January 2025 104,303 44,810 7,710
DEPRECIATION
At 1 February 2024 57,333 33,826 7,678
Charge for year 4,172 1,981 6
At 31 January 2025 61,505 35,807 7,684
NET BOOK VALUE
At 31 January 2025 42,798 9,003 26
At 31 January 2024 46,970 7,957 32

Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 116,352 439 270,587
Additions 41,960 - 44,987
At 31 January 2025 158,312 439 315,574
DEPRECIATION
At 1 February 2024 96,075 439 195,351
Charge for year 15,560 355 22,074
At 31 January 2025 111,635 794 217,425
NET BOOK VALUE
At 31 January 2025 46,677 (355 ) 98,149
At 31 January 2024 20,277 - 75,236

An impairment review was carried out at the year end there were no signs of impairment noted.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 6,792 3,928
Other debtors 23,026 36,610
29,818 40,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 6,333 10,000
Hire purchase contracts 10,823 4,499
Trade creditors 47,559 33,339
Taxation and social security 32,234 28,026
Other creditors 13,113 36,516
110,062 112,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 6,333
Hire purchase contracts 19,781 5,623
19,781 11,956

Finesse Windows & Interiors Ltd. (Registered number: SC192700)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 12,558 5,349

Deferred
tax
£   
Balance at 1 February 2024 5,349
Provided during year 7,209
Balance at 31 January 2025 12,558