Silverfin false false 31/03/2025 01/11/2023 31/03/2025 R Connelly 18/01/2025 T Connelly 12/10/2023 Thomas Connelly 09 July 2025 The principal activity of the company during the year was trading plumbing and installation business. SC785771 2025-03-31 SC785771 bus:Director1 2025-03-31 SC785771 bus:Director2 2025-03-31 SC785771 core:CurrentFinancialInstruments 2025-03-31 SC785771 core:ShareCapital 2025-03-31 SC785771 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC785771 core:OtherPropertyPlantEquipment 2023-10-31 SC785771 2023-10-31 SC785771 core:OtherPropertyPlantEquipment 2025-03-31 SC785771 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 SC785771 bus:OrdinaryShareClass1 2025-03-31 SC785771 2023-11-01 2025-03-31 SC785771 bus:FilletedAccounts 2023-11-01 2025-03-31 SC785771 bus:SmallEntities 2023-11-01 2025-03-31 SC785771 bus:AuditExemptWithAccountantsReport 2023-11-01 2025-03-31 SC785771 bus:PrivateLimitedCompanyLtd 2023-11-01 2025-03-31 SC785771 bus:Director1 2023-11-01 2025-03-31 SC785771 bus:Director2 2023-11-01 2025-03-31 SC785771 bus:Director3 2023-11-01 2025-03-31 SC785771 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-11-01 2025-03-31 SC785771 core:OtherPropertyPlantEquipment 2023-11-01 2025-03-31 SC785771 bus:OrdinaryShareClass1 2023-11-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC785771 (Scotland)

MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 NOVEMBER 2023 TO 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 NOVEMBER 2023 TO 31 MARCH 2025

Contents

MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 31.03.2025
£
Fixed assets
Tangible assets 3 1,811
1,811
Current assets
Cash at bank and in hand 28,949
28,949
Creditors: amounts falling due within one year 4 ( 32,958)
Net current liabilities (4,009)
Total assets less current liabilities (2,198)
Provision for liabilities 5 ( 452)
Net liabilities ( 2,650)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 2,750 )
Total shareholder's deficit ( 2,650)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Martom Kitchens Bedrooms & Bathrooms Limited (registered number: SC785771) were approved and authorised for issue by the Board of Directors on 09 July 2025. They were signed on its behalf by:

Thomas Connelly
Director
MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 NOVEMBER 2023 TO 31 MARCH 2025
MARTOM KITCHENS BEDROOMS & BATHROOMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 NOVEMBER 2023 TO 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Martom Kitchens Bedrooms & Bathrooms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 227 Westburn Westburn Road, Cambuslang, Glasgow, G72 7TB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £2,650. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 10 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Trade and other creditors

Trade and other creditors are recognised at fair value.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.11.2023 to
31.03.2025
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 0 0
Additions 1,891 1,891
At 31 March 2025 1,891 1,891
Accumulated depreciation
At 01 November 2023 0 0
Charge for the financial period 80 80
At 31 March 2025 80 80
Net book value
At 31 March 2025 1,811 1,811

4. Creditors: amounts falling due within one year

31.03.2025
£
Trade creditors 2,416
Amounts owed to related parties 13,985
Other taxation and social security 4,324
Other creditors 12,233
32,958

5. Provision for liabilities

31.03.2025
£
Deferred tax 452

6. Called-up share capital

31.03.2025
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

7. Related party transactions

Transactions with the entity's directors

31.03.2025
£
Amounts owed to directors (9,645)

Other related party transactions

31.03.2025
£
Amounts owed to related companies (13,985)

The loans are interest free, and do not have any fixed repayment terms.