Company Registration No. SC417588
DRAWING ROOM GIFTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DRAWING ROOM GIFTS LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DRAWING ROOM GIFTS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,758
9,711
Current assets
Stocks
118,203
75,911
Cash at bank and in hand
148,148
64,353
266,351
140,264
Creditors: amounts falling due within one year
4
(54,535)
(27,292)
Net current assets
211,816
112,972
Total assets less current liabilities
219,574
122,683
Provisions for liabilities
5
(2,427)
(2,427)
Net assets
217,147
120,256
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
217,047
120,156
Total equity
217,147
120,256

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 April 2026
Mrs M L Fraser
Director
Company registration number SC417588 (Scotland)
DRAWING ROOM GIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Drawing Room Gifts Limited is a private company limited by shares incorporated in Scotland. The registered office is 14 Kingsmills Road, Inverness, IV2 3JS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net income receivable from the sale of giftware, excluding value added tax.

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and the amount of revenue can be reliably measured and this is generally at the point of sale.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
15% reducing balance
Computers
3 years straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DRAWING ROOM GIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies (Continued)
- 3 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

DRAWING ROOM GIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies (Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

DRAWING ROOM GIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies (Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
5
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2024
999
3,806
1,089
17,198
23,092
Additions
106
378
-
0
-
0
484
At 30 September 2025
1,105
4,184
1,089
17,198
23,576
Depreciation and impairment
At 1 October 2024
693
3,067
1,089
8,532
13,381
Depreciation charged in the year
103
168
-
0
2,166
2,437
At 30 September 2025
796
3,235
1,089
10,698
15,818
Carrying amount
At 30 September 2025
309
949
-
0
6,500
7,758
At 30 September 2024
306
739
-
0
8,666
9,711
DRAWING ROOM GIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
150
140
Taxation and social security
42,320
12,112
Other creditors
12,065
15,040
54,535
27,292
5
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
6
2,427
2,427
6
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
2,427
2,427
There were no deferred tax movements in the year.
7
Related party transactions

At the balance sheet date the company owed the director, Mrs M L Fraser, an amount of £9,666 (2024 - £12,748). This loan is unsecured, interest-free and has no fixed terms of repayment.

2025-09-30 2024-10-01 false false false 02 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs M L Fraser Mrs M L Fraser SC417588 2024-10-01 2025-09-30 SC417588 2025-09-30 SC417588 2024-09-30 SC417588 core:PlantMachinery 2025-09-30 SC417588 core:FurnitureFittings 2025-09-30 SC417588 core:ComputerEquipment 2025-09-30 SC417588 core:MotorVehicles 2025-09-30 SC417588 core:PlantMachinery 2024-09-30 SC417588 core:FurnitureFittings 2024-09-30 SC417588 core:ComputerEquipment 2024-09-30 SC417588 core:MotorVehicles 2024-09-30 SC417588 core:CurrentFinancialInstruments 2025-09-30 SC417588 core:CurrentFinancialInstruments 2024-09-30 SC417588 core:ShareCapital 2025-09-30 SC417588 core:ShareCapital 2024-09-30 SC417588 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC417588 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC417588 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 SC417588 core:PlantMachinery 2024-10-01 2025-09-30 SC417588 core:FurnitureFittings 2024-10-01 2025-09-30 SC417588 core:ComputerEquipment 2024-10-01 2025-09-30 SC417588 core:MotorVehicles 2024-10-01 2025-09-30 SC417588 2023-10-01 2024-09-30 SC417588 core:PlantMachinery 2024-09-30 SC417588 core:FurnitureFittings 2024-09-30 SC417588 core:ComputerEquipment 2024-09-30 SC417588 core:MotorVehicles 2024-09-30 SC417588 2024-09-30 SC417588 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC417588 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC417588 bus:FRS102 2024-10-01 2025-09-30 SC417588 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC417588 bus:Director1 2024-10-01 2025-09-30 SC417588 bus:CompanySecretary1 2024-10-01 2025-09-30 SC417588 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP