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REGISTERED NUMBER: SC706351 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

CREATIVE HOMES (SCOTLAND) LTD

CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)






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


CREATIVE HOMES (SCOTLAND) LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Goodsir
Mrs N Goodsir





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC706351 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 507,081 226,913

CURRENT ASSETS
Stocks 25,171 18,174
Debtors 5 177,539 70,448
Cash at bank 363,701 134,071
566,411 222,693
CREDITORS
Amounts falling due within one year 6 547,767 215,088
NET CURRENT ASSETS 18,644 7,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,725

234,518

CREDITORS
Amounts falling due after more than one
year

7

375,222

174,225
NET ASSETS 150,503 60,293

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 150,403 60,193
150,503 60,293

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 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.

CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





A Goodsir - Director


CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Creative Homes (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 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.
Long leasehold - over the period of the lease
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 15% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33.33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2023 71,346 121,834 63,348
Additions 44,040 306,882 5,429
At 31 August 2024 115,386 428,716 68,777
DEPRECIATION
At 1 September 2023 3,829 52,357 8,809
Charge for year 4,615 94,090 7,209
At 31 August 2024 8,444 146,447 16,018
NET BOOK VALUE
At 31 August 2024 106,942 282,269 52,759
At 31 August 2023 67,517 69,477 54,539

CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 38,994 2,401 297,923
Additions - 49,521 405,872
At 31 August 2024 38,994 51,922 703,795
DEPRECIATION
At 1 September 2023 4,625 1,390 71,010
Charge for year 2,656 17,134 125,704
At 31 August 2024 7,281 18,524 196,714
NET BOOK VALUE
At 31 August 2024 31,713 33,398 507,081
At 31 August 2023 34,369 1,011 226,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 177,389 70,298
Other debtors 150 150
177,539 70,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 86,829 33,761
Trade creditors 288,878 110,506
Taxation and social security 103,125 57,514
Other creditors 68,935 13,307
547,767 215,088

CREATIVE HOMES (SCOTLAND) LTD (REGISTERED NUMBER: SC706351)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 235,222 34,225
Other creditors 140,000 140,000
375,222 174,225