IRIS Accounts Production v25.1.3.33 SC267430 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2674302023-08-31SC2674302024-08-31SC2674302023-09-012024-08-31SC2674302022-08-31SC2674302022-09-012023-08-31SC2674302023-08-31SC267430ns15:Scotland2023-09-012024-08-31SC267430ns14:PoundSterling2023-09-012024-08-31SC267430ns10:Director12023-09-012024-08-31SC267430ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC267430ns10:SmallEntities2023-09-012024-08-31SC267430ns10:AuditExemptWithAccountantsReport2023-09-012024-08-31SC267430ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC267430ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC267430ns10:FullAccounts2023-09-012024-08-31SC267430ns10:CompanySecretary12023-09-012024-08-31SC267430ns10:RegisteredOffice2023-09-012024-08-31SC267430ns5:CurrentFinancialInstruments2024-08-31SC267430ns5:CurrentFinancialInstruments2023-08-31SC267430ns5:Non-currentFinancialInstruments2024-08-31SC267430ns5:Non-currentFinancialInstruments2023-08-31SC267430ns5:ShareCapital2024-08-31SC267430ns5:ShareCapital2023-08-31SC267430ns5:RetainedEarningsAccumulatedLosses2024-08-31SC267430ns5:RetainedEarningsAccumulatedLosses2023-08-31SC267430ns5:PlantMachinery2023-09-012024-08-31SC267430ns5:PlantMachinery2023-08-31SC267430ns5:PlantMachinery2024-08-31SC267430ns5:PlantMachinery2023-08-31SC267430ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC267430ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: SC267430 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CLYDEBANK DECOR LIMITED

CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CLYDEBANK DECOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mrs Lesley Russell





SECRETARY: Mr Ralph James Russell





REGISTERED OFFICE: C/O D M McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW





REGISTERED NUMBER: SC267430 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,342 6,285

CURRENT ASSETS
Stocks 53,162 54,306
Debtors 5 81,139 80,856
Cash at bank 23 2,491
134,324 137,653
CREDITORS
Amounts falling due within one year 6 187,595 177,450
NET CURRENT LIABILITIES (53,271 ) (39,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,929

)

(33,512

)

CREDITORS
Amounts falling due after more than one
year

7

11,667

21,667
NET LIABILITIES (59,596 ) (55,179 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (59,696 ) (55,279 )
SHAREHOLDERS' FUNDS (59,596 ) (55,179 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

BALANCE SHEET - continued
31 AUGUST 2024


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 29 May 2025 and were signed by:





Mrs Lesley Russell - Director


CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Clydebank Decor 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.

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 - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 12,503
DEPRECIATION
At 1 September 2023 6,218
Charge for year 943
At 31 August 2024 7,161
NET BOOK VALUE
At 31 August 2024 5,342
At 31 August 2023 6,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,470 71,504
Other debtors 14,669 9,352
81,139 80,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 32,020 42,527
Taxation and social security 525 3,873
Other creditors 145,050 121,050
187,595 177,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

CLYDEBANK DECOR LIMITED (REGISTERED NUMBER: SC267430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. RELATED PARTY DISCLOSURES

Included within trade debtors is an amount of £10,509 (2023 - £10,509) due from RJ Russell Decorators Ltd. This is a company owned by Mr Ralph Russell and Mrs Lesley Russell, the majority shareholders and company secretary and director respectively.

Included within other creditors is an amount of £130,992 (2023 - £114,176) owed to RJ Russell Decorators Ltd. This is in respect of a loan provided, with no interest charged and no fixed terms for repayment.

Included in turnover is an amount of £26,183 (2023 - £6,109) of sales made to RJ Russell Decorators Ltd. Also, included in other operating income is a amount of £2,917 (2023 - £5,000) which relates to administrative services provided to RJ Russell Decorators Ltd.

9. ULTIMATE CONTROLLING PARTY

The director is considered the company's ultimate controlling party, by virtue of her office and shareholding.

10. GOING CONCERN

The balance sheet shows net liabilities of £59,596 (2023 - £55,179), including a loan from the director of £12,208 (2023 - £5,024) and a loan from an associated company of £130,992 (2023 - £114,176). As the company retains the support of the directors and the associated company the accounts have been prepared on a going concern basis..

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLYDEBANK DECOR LIMITED


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clydebank Decor Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.org.uk.

This report is made solely to the director of Clydebank Decor Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clydebank Decor Limited and state those matters that we have agreed to state to the director of Clydebank Decor Limited in this report in accordance with the requirements of ICAS as detailed at www.icas.org.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clydebank Decor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clydebank Decor Limited. You consider that Clydebank Decor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clydebank Decor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


29 May 2025