HUME HARDWOOD FLOORING LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: SC141251

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		76,941		33,444

			76,941		33,444
CURRENT ASSETS
Debtors		32,182		22,811
Cash at bank and in hand		28,094		63,831

		60,276		86,642
Creditors: Amounts Falling Due Within One Year		(45,754 )		(59,344 )

NET CURRENT ASSETS (LIABILITIES)			14,522		27,298

TOTAL ASSETS LESS CURRENT LIABILITIES			91,463		60,742

Creditors: Amounts Falling Due After More Than One Year			(2,500 )		(10,140 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,236 )		(6,354 )

NET ASSETS			83,727		44,248

CAPITAL AND RESERVES
Called up share capital	6		10		10
Profit and Loss Account			83,717		44,238

SHAREHOLDERS' FUNDS			83,727		44,248

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HUME HARDWOOD FLOORING LIMITED

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Ross Moffat Director	Mrs Norma Moffat Director
30th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

HUME HARDWOOD FLOORING LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC141251 . The registered office is Lochview House, Limerigg, Falkirk, FK1 3BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not Depreciated
Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

Impairment of Fixed Assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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HUME HARDWOOD FLOORING LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as

reported in the profit and loss account because it excludes items of income or expense that are taxable or

deductible in other years and it further excludes items that are never taxable or deductible. The company's

liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the

reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised

to the extent that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing

difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction

that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the

extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the

asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period

when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss

account, except when it relates to items charged or credited directly to equity, in which case the deferred

tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally

enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate

to taxes levied by the same tax authority.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	73,502
Additions	52,129
Disposals	(8,706 )

As at 31 December 2024	116,925

...CONTINUED

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HUME HARDWOOD FLOORING LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	40,058
Provided during the period	8,632
Disposals	(8,706 )

As at 31 December 2024	39,984

Net Book Value
As at 31 December 2024	76,941

As at 1 January 2024	33,444

5. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,640	2,458
Later than one year and not later than five years	-	1,640

	1,640	4,098

	1,640	4,098

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10	10

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