Registration number: SC434658

P&G Home Improvements Limited

Contents

Directors' Report	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

P&G Home Improvements Limited

Directors' Report for the Year Ended 31 October 2025

The Directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the Company

The Directors who held office during the year were as follows:

Mrs G Creamer

Mr P Creamer

Principal activity

The principal activity of the company during the year was home improvements.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 29 July 2026 and signed on its behalf by:

.........................................
Mr P Creamer
Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
P&G Home Improvements Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P&G Home Improvements Limited for the year ended 31 October 2025 as set out on pages 3 to 9 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/ accountspreparationguidance.

This report is made solely to the Board of Directors of P&G Home Improvements Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of P&G Home Improvements Limited and state those matters that we have agreed to state to the Board of Directors of P&G Home Improvements Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants for Scotland as detailed at www.icas.com/ accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P&G Home Improvements Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P&G Home Improvements Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P&G Home Improvements Limited. You consider that P&G Home Improvements 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 accounts of P&G Home Improvements 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 accounts.

......................................

Walker Dunnett & Co
29 Commercial Street
Dundee
DD1 3DG

29 July 2026

P&G Home Improvements Limited

(Registration number: SC434658)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	73,956	87,007
Current assets
Debtors	6	17,936	5,281
Cash at bank and in hand		5	4
		17,941	5,285
Creditors: Amounts falling due within one year	7	(52,623)	(39,389)
Net current liabilities		(34,682)	(34,104)
Total assets less current liabilities		39,274	52,903
Creditors: Amounts falling due after more than one year	7	(39,149)	(52,866)
Net assets		125	37
Capital and reserves
Called up share capital		100	100
Retained earnings		25	(63)
Shareholders' funds		125	37

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement and Directors' Report.

P&G Home Improvements Limited

(Registration number: SC434658)
Statement of Financial Position as at 31 October 2025

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
 

......................................... Mr P Creamer Director

P&G Home Improvements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
12 Scottsdale
Melrose
Roxburghshire
TD6 9QE
Scotland

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

P&G Home Improvements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% Reducing Balance
Furniture and Equipment	15% Reducing Balance
Motor Vehicles	25% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

P&G Home Improvements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

P&G Home Improvements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2024 - 3).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	11,399	11,399
At 31 October 2025	11,399	11,399
Amortisation
At 1 November 2024	11,399	11,399
At 31 October 2025	11,399	11,399
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	6,445	3,354	86,860	96,659
At 31 October 2025	6,445	3,354	86,860	96,659
Depreciation
At 1 November 2024	3,314	1,618	4,720	9,652
Charge for the year	469	260	12,322	13,051
At 31 October 2025	3,783	1,878	17,042	22,703
Carrying amount
At 31 October 2025	2,662	1,476	69,818	73,956
At 31 October 2024	3,131	1,736	82,140	87,007

P&G Home Improvements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	3,630	-
Prepayments	130	126
Other debtors	14,176	5,155
	17,936	5,281

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		16,996	26,675
Trade creditors		12,271	3,057
Taxation and social security		21,431	5,094
Accruals and deferred income		1,925	1,875
Other creditors		-	2,688
		52,623	39,389

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		39,149	52,866