REGISTERED NUMBER: SC385078 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

NODRAM DECORATORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Macphee

C Macphee

Mrs E A MacPhee

Ms C Ballesteros

SECRETARY:

Mrs E MacPhee

REGISTERED OFFICE:

Block 6, Units 1-3

Whiteside Industrial Estate

Bathgate

EH48 2RX

REGISTERED NUMBER:

SC385078 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

348,585

344,438

CURRENT ASSETS

Stocks

21,300

16,773

Debtors

5

699,132

610,919

Cash at bank and in hand

108,318

184,106

828,750

811,798

CREDITORS

Amounts falling due within one year

6

450,056

447,613

NET CURRENT ASSETS

378,694

364,185

TOTAL ASSETS LESS CURRENT LIABILITIES

727,279

708,623

CREDITORS

Amounts falling due after more than one year

7

(59,753

)

(63,386

)

PROVISIONS FOR LIABILITIES

9

(24,689

)

(23,144

)

NET ASSETS

642,837

622,093

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

642,737

621,993

SHAREHOLDERS' FUNDS

642,837

622,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 9 September 2025 and were signed on its behalf by:

D Macphee - Director

C Macphee - Director

1.	STATUTORY INFORMATION

Nodram Decorators 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 20 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

249,828

25,920

213,595

17,222

506,565

Additions

-

1,358

62,272

-

63,630

Disposals

-

-

(63,431

)

-

(63,431

)

At 28 February 2025

249,828

27,278

212,436

17,222

506,764

DEPRECIATION

At 1 March 2024

-

16,541

130,560

15,026

162,127

Charge for year

-

4,694

45,178

-

49,872

Eliminated on disposal

-

-

(53,820

)

-

(53,820

)

At 28 February 2025

-

21,235

121,918

15,026

158,179

NET BOOK VALUE

At 28 February 2025

249,828

6,043

90,518

2,196

348,585

At 29 February 2024

249,828

9,379

83,035

2,196

344,438

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

104,015

Additions

37,242

Disposals

(28,770

)

At 28 February 2025

112,487

DEPRECIATION

At 1 March 2024

33,479

Charge for year

31,981

Eliminated on disposal

(19,059

)

At 28 February 2025

46,401

NET BOOK VALUE

At 28 February 2025

66,086

At 29 February 2024

70,536

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

659,967

571,908

Other debtors

1,000

1,000

VAT

20,436

19,048

Prepayments

17,729

18,963

699,132

610,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

15,186

44,519

Hire purchase contracts

26,956

26,323

Trade creditors

117,419

136,535

Tax

50,153

44,179

Social security and other taxes

35,554

25,774

Nodram Decorators (North) Ltd

-

38,247

Directors' current accounts

104,009

11,806

Accrued expenses

100,779

120,230

450,056

447,613

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans - 1-2 years

-

3,266

Hire purchase contracts

59,753

60,120

59,753

63,386

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

15,186

47,785

Hire purchase contracts

86,709

86,443

101,895

134,228

The Bank of Scotland holds a floating charge over all the property or undertakings of the company.

They also hold a personal guarantee from the directors amounting to £125,000.

On 31 January 2020 a standard security was granted over the company's property at Units 1-3, 6 Whiteside Industrial Estate, Bathgate EH48 2RX was made in favour of the Bank of Scotland.

9.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

24,689

23,144

Deferred

tax

£

Balance at 1 March 2024

23,144

Provided during year

1,545

Balance at 28 February 2025

24,689