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REGISTERED NUMBER: SC472121 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Reflections (Scotland) Ltd

Reflections (Scotland) Ltd (Registered number: SC472121)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reflections (Scotland) Ltd

Company Information
for the Year Ended 31 March 2025







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 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,186 24,497
13,186 24,497

CURRENT ASSETS
Debtors 6 19,010 33,754
Cash at bank 7,195 16,906
26,205 50,660
CREDITORS
Amounts falling due within one year 7 22,927 38,676
NET CURRENT ASSETS 3,278 11,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,464

36,481

CREDITORS
Amounts falling due after more than one year 8 16,454 31,116
NET ASSETS 10 5,365

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

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 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 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 2 May 2025 and were signed by:





G Chatham - Director


Reflections (Scotland) Ltd (Registered number: SC472121)

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

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 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 2,000
AMORTISATION
At 1 April 2024
and 31 March 2025 2,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 56,700
Additions 1,440
At 31 March 2025 58,140
DEPRECIATION
At 1 April 2024 32,203
Charge for year 12,751
At 31 March 2025 44,954
NET BOOK VALUE
At 31 March 2025 13,186
At 31 March 2024 24,497

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 12,810 33,754
Other debtors 6,200 -
19,010 33,754

Reflections (Scotland) Ltd (Registered number: SC472121)

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 5,001 5,000
Taxation and social security 17,426 32,701
Other creditors 500 975
22,927 38,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,706 6,706
Hire purchase contracts 14,748 24,410
16,454 31,116

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 5,087 14,749

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
G Chatham
Balance outstanding at start of year - 2,950
Amounts advanced 6,200 -
Amounts repaid - (2,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,200 -

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Chatham.