REGISTERED NUMBER: SC292773 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

House Fix (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G Campbell

I Fairfull

REGISTERED OFFICE:

111 Westwood Road

Newmains

Wishaw

ML2 9EL

REGISTERED NUMBER:

SC292773 (Scotland)

ACCOUNTANTS:

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

FIXED ASSETS

Tangible assets

4

19,619

43,984

Investment property

5

578,975

578,975

598,594

622,959

CURRENT ASSETS

Stocks

987,754

1,007,000

Debtors

6

416,374

350,393

1,404,128

1,357,393

CREDITORS

Amounts falling due within one year

7

1,288,042

1,253,866

NET CURRENT ASSETS

116,086

103,527

TOTAL ASSETS LESS CURRENT LIABILITIES

714,680

726,486

PROVISIONS FOR LIABILITIES

15,581

15,581

NET ASSETS

699,099

710,905

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

699,095

710,901

699,099

710,905

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 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 30 September 2025 and were signed on its behalf by:

J G Campbell - Director

I Fairfull - Director

1.	STATUTORY INFORMATION

House Fix (Scotland) 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

58,000

58,937

3,270

120,207

Disposals

(33,300

)

(27,137

)

-

(60,437

)

At 31 March 2025

24,700

31,800

3,270

59,770

DEPRECIATION

At 1 April 2024

33,063

40,738

2,422

76,223

Charge for year

2,191

3,258

169

5,618

Eliminated on disposal

(18,959

)

(22,731

)

-

(41,690

)

At 31 March 2025

16,295

21,265

2,591

40,151

NET BOOK VALUE

At 31 March 2025

8,405

10,535

679

19,619

At 31 March 2024

24,937

18,199

848

43,984

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

24,500

Disposals

(24,500

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

13,838

Eliminated on disposal

(13,838

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

10,662

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

578,975

NET BOOK VALUE

At 31 March 2025

578,975

At 31 March 2024

578,975

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

325,475

Valuation in 2023

253,500

578,975

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

322,261

322,261

Investment properties were valued on an open market basis on 31 January 2015 by DM Hall Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

415,197

349,943

Other debtors

1,177

450

416,374

350,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

203,704

246,382

Hire purchase contracts

-

1,667

Trade creditors

138,989

82,484

Taxation and social security

258

46,965

Other creditors

945,091

876,368

1,288,042

1,253,866

The bank loans and overdraft are secured by a standard security over the company's properties and a bond and floating charge over the assets of the company.

Hire purchase creditors are secured over the assets concerned.