REGISTERED NUMBER: SC446319 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Simply Light & Sound (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

6

DIRECTORS:

Mr S A Bain

Mr G J Ferguson

Mr J F Bain

SECRETARY:

Mr C E Kelly CPA

REGISTERED OFFICE:

Unit 4 Station Road

Station Crescent

Renfrew

Renfrewshire

PA4 8RL

REGISTERED NUMBER:

SC446319 (Scotland)

ACCOUNTANT:

Braehead Accountants & Taxation Services Ltd

Unit 4

Station Road Ind Estate

Station Crescent

Renfrew

Renfrewshire

PA4 8RA

BANKERS:

Royal Bank of Scotland

1 Moncrieff Street

Paisley

Renfrewshire

PA3 2AW

FIXED ASSETS

Tangible assets

3

440,877

537,515

CURRENT ASSETS

Debtors

4

18,430

57,500

Cash at bank

20,147

13,201

38,577

70,701

CREDITORS

Amounts falling due within one year

5

145,684

156,794

NET CURRENT LIABILITIES

(107,107

)

(86,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

333,770

451,422

CREDITORS

Amounts falling due after more than one year

6

82,770

130,528

NET ASSETS

251,000

320,894

CAPITAL AND RESERVES

Called up share capital

7

25,000

25,000

Retained earnings

8

226,000

295,894

SHAREHOLDERS' FUNDS

251,000

320,894

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 December 2025 and were signed on its behalf by:

Mr S A Bain - Director

1.	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.

Plant and Machinery

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Motor vehicles

-

25% 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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Machinery

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

843,773

4,216

79,796

927,785

Additions

-

915

49,405

50,320

At 31 March 2025

843,773

5,131

129,201

978,105

DEPRECIATION

At 1 April 2024

343,801

3,166

43,303

390,270

Charge for year

124,993

491

21,474

146,958

At 31 March 2025

468,794

3,657

64,777

537,228

NET BOOK VALUE

At 31 March 2025

374,979

1,474

64,424

440,877

At 31 March 2024

499,972

1,050

36,493

537,515

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,430

57,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

90,669

89,311

Tax

4,303

4,303

Social security and other taxes

15,547

13,409

VAT

27,408

39,720

Directors' current accounts

4,566

8,456

Accrued expenses

3,191

1,595

145,684

156,794

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank Loan

15,059

24,142

Funding circle loan

58,669

106,386

Hire purchase contracts

9,042

-

82,770

130,528

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

25,000

Ordinary

£1

25,000

25,000

8.

RESERVES

Retained

earnings

£

At 1 April 2024

295,894

Deficit for the year

(9,894

)

Dividends

(60,000

)

At 31 March 2025

226,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Braehead Accountants & Taxation Services Ltd

Unit 4

Station Road Ind Estate

Station Crescent

Renfrew

Renfrewshire

PA4 8RA

Date: .............................................