REGISTERED NUMBER: SC267430 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CLYDEBANK DECOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mrs Lesley Russell

SECRETARY:

Mr Ralph James Russell

REGISTERED OFFICE:

C/O D M McNaught & Co Ltd

166 Buchanan Street

Glasgow

G1 2LW

REGISTERED NUMBER:

SC267430 (Scotland)

ACCOUNTANTS:

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

FIXED ASSETS

Tangible assets

4

4,540

5,342

CURRENT ASSETS

Stocks

47,400

53,162

Debtors

5

90,256

81,139

Cash at bank

260

23

137,916

134,324

CREDITORS

Amounts falling due within one year

6

215,193

187,595

NET CURRENT LIABILITIES

(77,277

)

(53,271

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,737

)

(47,929

)

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET LIABILITIES

(74,404

)

(59,596

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(74,504

)

(59,696

)

SHAREHOLDERS' FUNDS

(74,404

)

(59,596

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Mrs Lesley Russell - Director

1.	STATUTORY INFORMATION

Clydebank Decor 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.

Plant and machinery etc

-

15% 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

12,503

DEPRECIATION

At 1 September 2024

7,161

Charge for year

802

At 31 August 2025

7,963

NET BOOK VALUE

At 31 August 2025

4,540

At 31 August 2024

5,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

58,256

66,470

Other debtors

32,000

14,669

90,256

81,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

29,430

32,020

Taxation and social security

2,201

525

Other creditors

173,562

145,050

215,193

187,595

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

1,667

11,667

8.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £163,360 (2024 - £130,992) owed to RJ Russell Decorators Ltd. This is in respect of a loan provided, with no interest charged and no fixed terms for repayment.

This is a company owned by Mr Ralph Russell and Mrs Lesley Russell, the majority shareholders and company secretary and director respectively.

9.	ULTIMATE CONTROLLING PARTY

The director is considered the company's ultimate controlling party, by virtue of her office and shareholding.

10.	GOING CONCERN

The balance sheet shows net liabilities of £74,404 (2024 - £59,596), including a loan from the director of £6,552 (2024 - £12,208) and a loan from an associated company of £163,360 (2024 - £130,992). As the company retains the support of the directors and the associated company the accounts have been prepared on a going concern basis..

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clydebank Decor Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.org.uk.

This report is made solely to the director of Clydebank Decor Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clydebank Decor Limited and state those matters that we have agreed to state to the director of Clydebank Decor Limited in this report in accordance with the requirements of ICAS as detailed at www.icas.org.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clydebank Decor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clydebank Decor Limited. You consider that Clydebank Decor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clydebank Decor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

28 May 2026