REGISTERED NUMBER: SC235040 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Ribbons And Figurines Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Flint

S E Flint

R Flint

SECRETARY:

S E Flint

REGISTERED OFFICE:

36 Barnton Avenue

Edinburgh

EH4 6JL

REGISTERED NUMBER:

SC235040 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Tangible assets

4

2,768

4,371

CURRENT ASSETS

Debtors

5

25,343

33,387

Cash at bank

3,058

5,159

28,401

38,546

CREDITORS

Amounts falling due within one year

6

23,917

23,965

NET CURRENT ASSETS

4,484

14,581

TOTAL ASSETS LESS CURRENT LIABILITIES

7,252

18,952

CREDITORS

Amounts falling due after more than one year

7

(11,797

)

(15,260

)

PROVISIONS FOR LIABILITIES

9

(526

)

(830

)

NET (LIABILITIES)/ASSETS

(5,071

)

2,862

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

11

(5,074

)

2,859

SHAREHOLDERS' FUNDS

(5,071

)

2,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

C Flint - Director

1.	STATUTORY INFORMATION

Ribbons And Figurines Ltd 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.

The accounts have been prepared on a going concern basis, the acceptability of which is dependant on the continuing support of the directors.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less residual value, of each asset on a straight line basis over it's expected useful life, as follows:

Fixtures and Fittings

- 20% on cost

Computer Equipment

- 20% on cost

Plant and Machinery

- 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. As the exchange rate did not fluctuate significantly during the year, transactions in foreign currency are translated into sterling at the average exchange rate for the year. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation and reliable estimates can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

-

7,040

18,326

25,366

Additions

93

-

-

93

Disposals

-

-

(8,123

)

(8,123

)

At 31 August 2025

93

7,040

10,203

17,336

DEPRECIATION

At 1 September 2024

-

5,848

15,147

20,995

Charge for year

19

430

1,247

1,696

Eliminated on disposal

-

-

(8,123

)

(8,123

)

At 31 August 2025

19

6,278

8,271

14,568

NET BOOK VALUE

At 31 August 2025

74

762

1,932

2,768

At 31 August 2024

-

1,192

3,179

4,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

343

8,387

Other debtors

25,000

25,000

25,343

33,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

4,809

9,230

Taxation and social security

1,680

628

Other creditors

17,428

14,107

23,917

23,965

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

11,797

15,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Loans

11,363

14,394

Other Loan

3,030

3,030

14,393

17,424

The bank loan is secured by a guarantee from the UK government under the Bounce Back Loan Scheme.

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

526

830

Deferred

tax

£

Balance at 1 September 2024

830

Provided during year

(304

)

Balance at 31 August 2025

526

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

3

3

11.

RESERVES

Retained

earnings

£

At 1 September 2024

2,859

Deficit for the year

(7,933

)

At 31 August 2025

(5,074

)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2025, the company owed two directors a total of £12,315 (2024: £9,069).

13.	RELATED PARTY DISCLOSURES

Related Party

Transaction

Transactions in year ended 31.8.25

Transactions in year ended 31.8.24

Balance receivable from/(payable to) related party as at 31.8.25

Balance receivable from/(payable to) related party as at 31.8.24

£

£

£

£

Company with common director

Loan

-

-

25,000

25,000

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.