REGISTERED NUMBER: SC445668 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Iconic Kitchens & Bathrooms Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTOR:

G Lang

SECRETARY:

REGISTERED OFFICE:

56 Lindsay Road

Glasgow

G74 4JA

REGISTERED NUMBER:

SC445668 (Scotland)

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of kitchen designers

DIRECTOR

G Lang held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G Lang - Director

3 December 2025

TURNOVER

199,648

178,369

Cost of sales

221,906

148,305

GROSS (LOSS)/PROFIT

(22,258

)

30,064

Distribution costs

81

4,200

Administrative expenses

21,052

16,242

21,133

20,442

(43,391

)

9,622

Interest receivable and similar income

90

145

(43,301

)

9,767

Interest payable and similar expenses

262

277

(LOSS)/PROFIT BEFORE TAXATION

4

(43,563

)

9,490

Tax on (loss)/profit

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(43,563

)

9,490

FIXED ASSETS

Tangible assets

6

9,085

3,925

CURRENT ASSETS

Debtors

7

19,410

17,580

Cash at bank

2,953

17,600

22,363

35,180

CREDITORS

Amounts falling due within one year

8

107,300

65,789

NET CURRENT LIABILITIES

(84,937

)

(30,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,852

)

(26,684

)

CREDITORS

Amounts falling due after more than one year

9

-

5,605

NET LIABILITIES

(75,852

)

(32,289

)

RESERVES

Retained earnings

(75,852

)

(32,289

)

(75,852

)

(32,289

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

G Lang - Director

1.	STATUTORY INFORMATION

Iconic Kitchens & Bathrooms 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4.	(LOSS)/PROFIT BEFORE TAXATION

The loss (2024 - profit) is stated after charging:

31.3.25

31.3.24

as restated

£

£

Depreciation - owned assets

1,140

1,508

5.	PRIOR YEAR ADJUSTMENT

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

14,255

Additions

6,300

At 31 March 2025

20,555

DEPRECIATION

At 1 April 2024

10,330

Charge for year

1,140

At 31 March 2025

11,470

NET BOOK VALUE

At 31 March 2025

9,085

At 31 March 2024

3,925

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

19,410

17,580

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

2,358

1,529

Trade creditors

113,521

74,061

Taxation and social security

(399

)

(1,621

)

Other creditors

(8,180

)

(8,180

)

107,300

65,789

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans

-

5,605