REGISTERED NUMBER: SC479611 (Scotland)

Unaudited Financial Statements

for the Year Ended

30 June 2025

for

ELS BATHROOM & KITCHEN STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Slaven

Mrs T A Slaven

REGISTERED OFFICE:

100e Cumbernauld Road

Muirhead

Glasgow

G69 9AB

REGISTERED NUMBER:

SC479611 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

78,213

91,027

CURRENT ASSETS

Stocks

1,072

939

Debtors

5

112,768

76,340

Cash at bank and in hand

251,476

206,475

365,316

283,754

CREDITORS

Amounts falling due within one year

6

(151,447

)

(97,097

)

NET CURRENT ASSETS

213,869

186,657

TOTAL ASSETS LESS CURRENT LIABILITIES

292,082

277,684

CREDITORS

Amounts falling due after more than one year

7

(16,968

)

(22,026

)

PROVISIONS FOR LIABILITIES

(19,553

)

(22,756

)

NET ASSETS

255,561

232,902

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

215,561

192,902

255,561

232,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 September 2025 and were signed on its behalf by:

A Slaven - Director

1.	STATUTORY INFORMATION

Els Bathroom & Kitchen Studio 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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

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

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

23,803

88,541

7,600

2,929

122,873

Additions

3,681

-

-

1,293

4,974

At 30 June 2025

27,484

88,541

7,600

4,222

127,847

DEPRECIATION

At 1 July 2024

4,547

18,127

7,600

1,572

31,846

Charge for year

3,874

13,281

-

633

17,788

At 30 June 2025

8,421

31,408

7,600

2,205

49,634

NET BOOK VALUE

At 30 June 2025

19,063

57,133

-

2,017

78,213

At 30 June 2024

19,256

70,414

-

1,357

91,027

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,839

35,616

Other debtors

46,000

40,000

Prepayments

929

724

112,768

76,340

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

56,518

30,847

Tax

24,500

19,964

Social security and other taxes

-

2,596

VAT

10,545

4,046

Other creditors

302

792

Directors' current accounts

52,135

31,093

Accrued expenses

2,389

2,701

Deferred government grants

5,058

5,058

151,447

97,097

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Deferred government grants

16,968

22,026