REGISTERED NUMBER: SC239229 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Headline (Inverurie) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Grosle

REGISTERED OFFICE:

25a Market Place

Inverurie

AB51 3PU

REGISTERED NUMBER:

SC239229 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

5,637

7,516

CURRENT ASSETS

Stocks

7,050

7,550

Debtors

5

3,318

5,580

Cash at bank and in hand

35,200

42,232

45,568

55,362

CREDITORS

Amounts falling due within one year

6

38,626

40,863

NET CURRENT ASSETS

6,942

14,499

TOTAL ASSETS LESS CURRENT LIABILITIES

12,579

22,015

PROVISIONS FOR LIABILITIES

736

-

NET ASSETS

11,843

22,015

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11,842

22,014

11,843

22,015

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

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

The director acknowledges her 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 director and authorised for issue on 29 December 2025 and were signed by:

Ms A Grosle - Director

1.	STATUTORY INFORMATION

Headline (Inverurie) 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.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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.

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 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

and 31 January 2025

9,337

4,566

29,481

DEPRECIATION

At 1 February 2024

9,220

3,300

26,832

Charge for year

29

315

664

At 31 January 2025

9,249

3,615

27,496

NET BOOK VALUE

At 31 January 2025

88

951

1,985

At 31 January 2024

117

1,266

2,649

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

19,999

2,703

66,086

DEPRECIATION

At 1 February 2024

17,332

1,886

58,570

Charge for year

667

204

1,879

At 31 January 2025

17,999

2,090

60,449

NET BOOK VALUE

At 31 January 2025

2,000

613

5,637

At 31 January 2024

2,667

817

7,516

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

3,318

5,580

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

3,433

1,990

Taxation and social security

15,024

16,122

Other creditors

20,169

22,751

38,626

40,863

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms A Grosle.