P Cushley Decorators Limited Accounts






P Cushley Decorators Limited

	Company No. SC516415
		Information for Filing with The Registrar
		30 September 2024

The Director presents his report and the accounts for the year ended 30 September 2024.

Principal activities
The principal activity of the company during the year under review was Provison of painting and decorating services.




Director

The Director who served at any time during the year was as follows:

PATRICK CUSHLEY









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

PATRICK CUSHLEY
Director
30 October 2025

at	30 September 2024
Company No.		SC516415	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		5	9,784	1,000


				9,784	1,000
Current assets

	Debtors		6	128,783	63,235

	Cash at bank and in hand			-	41,310
				128,783	104,545
Creditors: Amount falling due within one year			7	(144,992)	(93,817)
Net current (liabilities)/assets				(16,209)	10,728
Total assets less current liabilities				(6,425)	11,728

Provisions for liabilities
	Deferred taxation			(1,859)	-

Net (liabilities)/assets				(8,284)	11,728

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	(8,384)	11,628

Total equity				(8,284)	11,728



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 October 2025 and signed on its behalf by:
PATRICK CUSHLEY
Director
30 October 2025

for the year ended 30 September 2024

General information

P Cushley Decorators Limited is a private company limited by shares and incorporated in Scotland.

Its registered number is: SC516415

Its registered office is:

3a Millers Place

Airdrie

Scotland

ML6 6DR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

20%% Straight Line

Furniture, fittings and equipment

20%% Straight Line

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Items of income or expenses of exceptional size or incidence
			2024	2023
			£	£
		Bad Debts written off	136,855	-

4	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	15	11

5	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 October 2023	5,000	-	5,000
		Additions	11,000	1,230	12,230



		At 30 September 2024	16,000	1,230	17,230
		Depreciation
		At 1 October 2023	4,000	-	4,000
		Charge for the year	3,200	246	3,446



		At 30 September 2024	7,200	246	7,446
		Net book values
		At 30 September 2024	8,800	984	9,784
		At 30 September 2023	1,000	-	1,000

6	Debtors
			2024	2023
			£	£
		Trade debtors	41,102	28,279



		VAT recoverable	46,652	33,765
		Loans to directors	-	1,034

		Prepayments and accrued income	41,029	157
			128,783	63,235

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	53,402	38,117

		Obligations under finance lease and hire purchase contracts	9,590	-
		Trade creditors	12,458	16,244

		Taxes and social security	46,840	21,769
		Loans from directors	3,385	-
		Other creditors	8,419	917
		Accruals and deferred income	10,898	16,770
			144,992	93,817

Share Capital

The company has 100 ordinary £1 shares allocated, called up and fully paid .

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	21,000	15,000

			21,000	15,000

		Dividends by type:

		Equity dividends	21,000	15,000
			21,000	15,000

11	Advances and credits to directors
			2024
			£
		At 1 October 2023	1,334

		Amounts repaid in the period	1,334


		At 30 September 2024	-

		During the year under review the director Mr. P Cushley loaned the company money. The balance at the year ended 30 September 2024 was £3,385 (2023 NIL) The loan is unsecured, interest free and repayable upon demand.