BATHROOM ELEGANCE LIMITED


Directors	MACKENZIE, Alister
	MACKENZIE, Elizabeth Ferguson


Registered Address	Unit 30 Lynedoch Industrial Estate
	Greenock
	PA15 4AX


Registered Number	SC137829 (Scotland)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,929,368		1,147,011
			1,929,368		1,147,011
Current assets
Stocks		753,462		928,000
Debtors	4	369,936		122,034
Cash at bank and on hand		284,163		495,558
		1,407,561		1,545,592
Creditors amounts falling due within one year	5	(906,437)		(706,527)
Net current assets (liabilities)			501,124		839,065
Total assets less current liabilities			2,430,492		1,986,076
Creditors amounts falling due after one year	6		(464,850)		(209,733)
Provisions for liabilities			(117,581)		(42,338)
Net assets			1,848,061		1,734,005
Capital and reserves
Called up share capital			23,000		23,000
Profit and loss account			1,825,061		1,711,005
Shareholders' funds			1,848,061		1,734,005

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 February 2026, and are signed on its behalf by:

MACKENZIE, Alister
Director
Registered Company No. SC137829

BATHROOM ELEGANCE LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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	15
	Fixtures and fittings	20
	Vehicles	20
	Office Equipment	33

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		13

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 24	1,336,460
	Additions	879,211
	Disposals	(42,181)
	At 31 August 25	2,173,491
	Depreciation and impairment
	At 01 September 24	189,449
	Charge for year	88,507
	On disposals	(33,834)
	At 31 August 25	244,123
	Net book value
	At 31 August 25	1,929,368
	At 31 August 24	1,147,011

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	337,689	104,022
Prepayments and accrued income	32,247	18,012
Total	369,936	122,034

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	430,590	356,683
Bank borrowings and overdrafts	189,465	50,922
Taxation and social security	74,332	191,586
Other creditors	200,238	102,219
Accrued liabilities and deferred income	11,812	5,117
Total	906,437	706,527

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	464,850	209,733
Total	464,850	209,733

7.	Directors advances, credits and guarantees
	At the year end there was a balance owed to the Directors of £53 (2024: -£7,907).

8.	Related party transactions
	The Directors A Mackenzie and EF Mackenzie are directors in Bell Hydro Ltd. At the year end the outstanding balance owed by Bellhydro was £84,724 ( 2024: £4,008). The Directors A Mackenzie and EF Mackenzie are directors in Wet Wall Works Ltd. At the year end the outstanding balance owed to Wet Wall Works was £200,185 ( 2024: £101,662). The Directors A Mackenzie and EF Mackenzie are directors in Wet Wall Works (Greenock) Ltd. At the year end the outstanding balance owed by Wet Wall Works was £nil ( 2024: £84,958).

Related party transactions

The Directors A Mackenzie and EF Mackenzie are directors in Bell Hydro Ltd. At the year end the outstanding balance owed by Bellhydro was £84,724 ( 2024: £4,008).

The Directors A Mackenzie and EF Mackenzie are directors in Wet Wall Works Ltd. At the year end the outstanding balance owed to Wet Wall Works  was £200,185 ( 2024: £101,662).

The Directors A Mackenzie and EF Mackenzie are directors in Wet Wall Works (Greenock) Ltd. At the year end the outstanding balance owed by Wet Wall Works  was £nil ( 2024: £84,958).

9.	Controlling party
	The Directors Alister and Elizabeth Mackenzie are the ultimate controlling party.