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REGISTERED NUMBER: SC498869 (Scotland)















Room to Bloom (Elgin) Limited

Financial Statements For The Year Ended 31 March 2025






Room to Bloom (Elgin) Limited (Registered number: SC498869)






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


Room to Bloom (Elgin) Limited

Company Information
For The Year Ended 31 March 2025







DIRECTORS: Mr K Kirk
Mrs M A Kirk



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC498869 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: The Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

Room to Bloom (Elgin) Limited (Registered number: SC498869)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,850
Tangible assets 5 16,660 22,213
16,660 27,063

CURRENT ASSETS
Stocks 6,000 5,284
Debtors 6 5,415 5,101
Cash at bank and in hand 32,538 15,028
43,953 25,413
CREDITORS
Amounts falling due within one year 7 37,566 25,489
NET CURRENT ASSETS/(LIABILITIES) 6,387 (76 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,047

26,987

CREDITORS
Amounts falling due after more than one
year

8

(12,216

)

(20,214

)

PROVISIONS FOR LIABILITIES 9 (3,165 ) (1,874 )
NET ASSETS 7,666 4,899

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 7,566 4,799
SHAREHOLDERS' FUNDS 7,666 4,899

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 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.

Room to Bloom (Elgin) Limited (Registered number: SC498869)

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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr K Kirk - Director


Room to Bloom (Elgin) Limited (Registered number: SC498869)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Room to Bloom (Elgin) 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 represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life of 10 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.
Equipment - 33% on cost, 25% on cost and 25% on reducing balance

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

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.

Room to Bloom (Elgin) Limited (Registered number: SC498869)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 48,500
AMORTISATION
At 1 April 2024 43,650
Charge for year 4,850
At 31 March 2025 48,500
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 4,850

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 2,215 25,995 28,210
DEPRECIATION
At 1 April 2024 2,215 3,782 5,997
Charge for year - 5,553 5,553
At 31 March 2025 2,215 9,335 11,550
NET BOOK VALUE
At 31 March 2025 - 16,660 16,660
At 31 March 2024 - 22,213 22,213

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,020 763
Other debtors 4,395 4,338
5,415 5,101

Room to Bloom (Elgin) Limited (Registered number: SC498869)

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 1,662 6,449
Hire purchase contracts 3,938 3,488
Trade creditors 13,307 5,114
Taxation and social security 16,903 8,771
Other creditors 1,756 1,667
37,566 25,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 4,060
Hire purchase contracts 12,216 16,154
12,216 20,214

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 3,165 1,874

Deferred
tax
£   
Balance at 1 April 2024 1,874
Provided during year 1,291
Balance at 31 March 2025 3,165

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2024 4,799
Profit for the year 17,267
Dividends (14,500 )
At 31 March 2025 7,566

Room to Bloom (Elgin) Limited (Registered number: SC498869)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,500 (2024 - £14,500) were paid to the directors .

At 31 March 2024 the company owed the directors £176. During the year the director met expenses totalling £295 on behalf of the company. At 31 March 2025 the company owed the directors £471. This loan is interest free and repayable on demand.