Iconic Garden Rooms Ltd


Directors	Gordon Ewan Lang
	Jennifer Anne Lang


Registered Address	3 Southfield
	Falkland
	Cupar
	KY15 7AS


Registered Number	SC690690 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		26,046		12,492
			26,046		12,492
Current assets
Stocks		15,327		11,393
Debtors	4	1,239		624
Cash at bank and on hand		49,607		35,167
		66,173		47,184
Creditors amounts falling due within one year	5	(42,639)		(23,058)
Net current assets (liabilities)			23,534		24,126
Total assets less current liabilities			49,580		36,618
Provisions for liabilities			(4,949)		(2,374)
Net assets			44,631		34,244
Capital and reserves
Called up share capital			100		100
Profit and loss account			44,531		34,144
Shareholders' funds			44,631		34,244

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

Gordon Ewan Lang
Director

Jennifer Anne Lang
Director

Registered Company No. SC690690

Iconic Garden Rooms Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	4
Vehicles	25	-
Office Equipment	-	3

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	12,063	9,150	873	22,086
Additions	415	22,632	-	23,047
Disposals	(489)	(9,150)	-	(9,639)
At 31 March 25	11,989	22,632	873	35,494
Depreciation and impairment
At 01 April 24	3,947	5,290	357	9,594
Charge for year	3,071	3,024	180	6,275
On disposals	(489)	(5,932)	-	(6,421)
At 31 March 25	6,529	2,382	537	9,448
Net book value
At 31 March 25	5,460	20,250	336	26,046
At 31 March 24	8,116	3,860	516	12,492

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	16
Prepayments and accrued income	1,239	608
Total	1,239	624

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,921	3,795
Taxation and social security	11,948	12,584
Other creditors	22,878	1,279
Accrued liabilities and deferred income	3,892	5,400
Total	42,639	23,058