HEAVENLY HOT TUBS GROUP LTD


Directors	MULLIGAN, Heather
	MULLIGAN, Jonathan


Registered Address	Unit 9 Vulcan Works
	Floors Street
	Johnstone
	PA5 8QS


Registered Number	SC646725 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		82,663		54,073
			82,663		54,073
Current assets
Debtors	4	103,098		103,137
Cash at bank and on hand		33,364		12,697
		136,462		115,834
Creditors amounts falling due within one year	5	(100,602)		(140,411)
Net current assets (liabilities)			35,860		(24,577)
Total assets less current liabilities			118,523		29,496
Creditors amounts falling due after one year	6		(107,551)		(54,797)
Provisions for liabilities	8		(15,706)		(197)
Net assets			(4,734)		(25,498)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(4,834)		(25,598)
Shareholders' funds			(4,734)		(25,498)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 January 2026, and are signed on its behalf by:

MULLIGAN, Jonathan
Director
Registered Company No. SC646725

HEAVENLY HOT TUBS GROUP LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	21,653	76,990	2,155	2,616	103,414
Additions	11,062	43,415	-	-	54,477
Disposals	-	(29,888)	-	-	(29,888)
At 31 December 24	32,715	90,517	2,155	2,616	128,003
Depreciation and impairment
At 01 January 24	6,693	41,461	86	1,101	49,341
Charge for year	3,730	13,942	103	303	18,078
On disposals	-	(22,079)	-	-	(22,079)
At 31 December 24	10,423	33,324	189	1,404	45,340
Net book value
At 31 December 24	22,292	57,193	1,966	1,212	82,663
At 31 December 23	14,960	35,529	2,069	1,515	54,073

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	81,222	86,780
Other debtors	21,876	14,582
Prepayments and accrued income	-	1,775
Total	103,098	103,137

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	32,553	21,218
Bank borrowings and overdrafts	22,876	80,299
Taxation and social security	25,947	18,526
Finance lease and HP contracts	17,727	16,868
Accrued liabilities and deferred income	1,499	3,500
Total	100,602	140,411

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	59,078	24,936
Other creditors	48,473	29,861
Total	107,551	54,797

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	66,199		46,729

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	15,706	197
Total	15,706	197