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REGISTERED NUMBER: SC637837 (Scotland)















Financial Statements for the Year Ended 31 July 2024

for

Splash Out Bathrooms Ltd.

Splash Out Bathrooms Ltd. (Registered number: SC637837)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 6

Splash Out Bathrooms Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M G Robertson





REGISTERED OFFICE: 89 West High Street
Forfar
Angus
DD8 1BL





REGISTERED NUMBER: SC637837 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Splash Out Bathrooms Ltd. (Registered number: SC637837)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,523 9,621
Investments 5 5,803 -
11,326 9,621

CURRENT ASSETS
Debtors 6 71,371 63,931
Cash at bank and in hand 47,435 79,356
118,806 143,287
CREDITORS
Amounts falling due within one year 7 73,592 95,603
NET CURRENT ASSETS 45,214 47,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,540

57,305

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,440 57,205
56,540 57,305

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

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

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:





M G Robertson - Director


Splash Out Bathrooms Ltd. (Registered number: SC637837)

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

1. STATUTORY INFORMATION

Splash Out Bathrooms 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Splash Out Bathrooms Ltd. (Registered number: SC637837)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 1,042 11,091 3,996 5,958 22,087
Additions - - - 356 356
At 31 July 2024 1,042 11,091 3,996 6,314 22,443
DEPRECIATION
At 1 August 2023 35 7,422 1,083 3,926 12,466
Charge for year 260 2,218 999 977 4,454
At 31 July 2024 295 9,640 2,082 4,903 16,920
NET BOOK VALUE
At 31 July 2024 747 1,451 1,914 1,411 5,523
At 31 July 2023 1,007 3,669 2,913 2,032 9,621

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Whisky Barrel Investment 5,803 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,471 63,031
Other debtors (100 ) 900
71,371 63,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,281 12,272
Trade creditors 57,689 56,863
Taxation and social security 4,795 10,427
Other creditors 2,827 16,041
73,592 95,603

Splash Out Bathrooms Ltd. (Registered number: SC637837)

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

8. RELATED PARTY DISCLOSURES

The company is owned 100% by the director M G Robertson.

Included in Other Creditors is a balance of £Nil (2023 - £13,655). During the year the director advanced £Nil (2023 - £149) to the company and was repaid £13,655 (2023 - £7,600). No interest is payable on sums due by the company.

During the year dividends of £16,040 (2023 - £1,000) were paid to the director.

Splash Out Bathrooms Ltd.

Report of the Accountant to the Director of
Splash Out Bathrooms Ltd.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


14 April 2025