REGISTERED NUMBER: SC453996 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

HIGHLAND DECORATING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J MacPhee

Mrs L M MacPhee

REGISTERED OFFICE:

9B Carsegate Road

Inverness

IV3 8EX

REGISTERED NUMBER:

SC453996 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

149,897

67,674

CURRENT ASSETS

Debtors

5

82,349

35,435

Cash at bank and in hand

76,606

23,199

158,955

58,634

CREDITORS

Amounts falling due within one year

6

112,523

93,269

NET CURRENT ASSETS/(LIABILITIES)

46,432

(34,635

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,329

33,039

CREDITORS

Amounts falling due after more than one year

7

(83,976

)

(13,304

)

PROVISIONS FOR LIABILITIES

8

(13,640

)

(12,870

)

NET ASSETS

98,713

6,865

CAPITAL AND RESERVES

Called up share capital

50

100

Retained earnings

98,663

6,765

98,713

6,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 December 2025 and were signed on its behalf by:

N J MacPhee - Director

1.	STATUTORY INFORMATION

Highland Decorating Services 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.

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 etc

-

33% on cost, 20% on cost and 15% on reducing balance

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 15 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

-

14,300

167,177

181,477

Additions

31,240

3,139

104,126

138,505

Disposals

-

-

(40,992

)

(40,992

)

At 30 September 2025

31,240

17,439

230,311

278,990

DEPRECIATION

At 1 October 2024

-

8,610

105,193

113,803

Charge for year

3,125

1,401

41,297

45,823

Eliminated on disposal

-

-

(30,533

)

(30,533

)

At 30 September 2025

3,125

10,011

115,957

129,093

NET BOOK VALUE

At 30 September 2025

28,115

7,428

114,354

149,897

At 30 September 2024

-

5,690

61,984

67,674

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

Motor

vehicles

£

COST

At 1 October 2024

93,988

Additions

75,791

Transfer to ownership

(64,949

)

At 30 September 2025

104,830

DEPRECIATION

At 1 October 2024

33,254

Charge for year

20,532

Transfer to ownership

(27,446

)

At 30 September 2025

26,340

NET BOOK VALUE

At 30 September 2025

78,490

At 30 September 2024

60,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

42,824

21,019

VAT

38,525

14,416

Prepayments

1,000

-

82,349

35,435

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

7,075

-

Hire purchase contracts

19,361

12,580

Trade creditors

26,654

21,066

Tax

92,473

95,625

Social security and other taxes

(40,283

)

(50,950

)

Directors' current accounts

1,152

12,139

Accrued expenses

6,091

2,809

112,523

93,269

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

30,283

-

Hire purchase contracts

53,693

13,304

83,976

13,304

8.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

13,640

12,870

Deferred

tax

£

Balance at 1 October 2024

12,870

Provided during year

770

Balance at 30 September 2025

13,640