Greenside Kitchens & Bathrooms Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC576382 (Scotland)

Unaudited Financial Statements for the Year Ended 31st January 2025

for

Greenside Kitchens & Bathrooms Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

M W Pirrie

Registered office:

Stable Cottage Courthill Road

Rosemarkie

Fortrose

IV10 8UE

Registered number:

SC576382 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

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 Greenside Kitchens & Bathrooms Ltd for the year ended 31st January 2025 which comprise the Statement of Income and Retained Earnings, 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 https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Greenside Kitchens & Bathrooms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenside Kitchens & Bathrooms Ltd and state those matters that we have agreed to state to the director of Greenside Kitchens & Bathrooms Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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 Greenside Kitchens & Bathrooms Ltd 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 profit of Greenside Kitchens & Bathrooms Ltd. You consider that Greenside Kitchens & Bathrooms Ltd 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 Greenside Kitchens & Bathrooms Ltd. 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.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

12th August 2025

Fixed assets

Tangible assets

4

1,840

1,190

Current assets

Stocks

1,500

920

Debtors

5

17,184

7,066

Cash at bank

3,964

14,022

22,648

22,008

Creditors

Amounts falling due within one year

6

20,548

34,546

Net current assets/(liabilities)

2,100

(12,538

)

Total assets less current liabilities

3,940

(11,348

)

Creditors

Amounts falling due after more than one
year

7

(22,546

)

(27,086

)

Provisions for liabilities

(349

)

-

Net liabilities

(18,955

)

(38,434

)

Capital and reserves

Called up share capital

50

Retained earnings

(19,005

)

(38,484

)

(18,955

)

(38,434

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th August 2025 and were signed by:

M W Pirrie - Director

1.	Statutory information

Greenside Kitchens & Bathrooms 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.

Property improvements - nil

Plant and machinery - 25% straight line

Motor vehicles - 25% straight line

Computer equipment - 25% straight line

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Cost

At 1st February 2024

890

5,500

2,602

8,992

Additions

-

1,066

At 31st January 2025

890

5,500

3,668

10,058

Depreciation

At 1st February 2024

-

5,500

2,302

7,802

Charge for year

-

416

At 31st January 2025

-

5,500

2,718

8,218

Net book value

At 31st January 2025

890

-

950

1,840

At 31st January 2024

890

-

300

1,190

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

4,748

438

Amounts recoverable on contract

8,900

6,628

Other debtors

3,536

-

17,184

7,066

6.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

4,785

4,518

Trade creditors

9,040

27,228

Taxation and social security

5,073

(122

)

Other creditors

1,650

2,922

20,548

34,546

7.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans

22,546

27,086

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Bank loans

27,331

31,604

9.	Director's advances, credits and guarantees

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

2025

2024

£

M W Pirrie

Balance outstanding at start of year

1,336

2,425

Amounts advanced

2,600

12,975

Amounts repaid

(7,472

)

(14,064

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,536

)

1,336