REGISTERED NUMBER: SC278451 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Wetrooms Distribution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C W Crombie

L B Crombie

Ms L Smith

SECRETARY:

L B Crombie

REGISTERED OFFICE:

110 Cambuslang Road

Rutherglen

Glasgow

G73 1BQ

REGISTERED NUMBER:

SC278451 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

203,222

119,200

CURRENT ASSETS

Stocks

2,118,219

3,022,258

Debtors

5

1,870,788

1,387,893

Cash at bank and in hand

569,324

661,294

4,558,331

5,071,445

CREDITORS

Amounts falling due within one year

6

(1,890,001

)

(1,942,267

)

NET CURRENT ASSETS

2,668,330

3,129,178

TOTAL ASSETS LESS CURRENT LIABILITIES

2,871,552

3,248,378

CREDITORS

Amounts falling due after more than one year

7

-

(81,666

)

PROVISIONS FOR LIABILITIES

10

(50,800

)

(29,800

)

NET ASSETS

2,820,752

3,136,912

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,820,652

3,136,812

SHAREHOLDERS' FUNDS

2,820,752

3,136,912

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

C W Crombie - Director

1.	STATUTORY INFORMATION

Wetrooms Distribution 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

The company's policy is to review the remaining useful economic lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Fully depreciated assets are retained in cost and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the income statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Government grants

Grants received are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

98,052

552,687

650,739

Additions

-

150,481

150,481

At 31 December 2025

98,052

703,168

801,220

DEPRECIATION

At 1 January 2025

98,020

433,519

531,539

Charge for year

32

66,427

66,459

At 31 December 2025

98,052

499,946

597,998

NET BOOK VALUE

At 31 December 2025

-

203,222

203,222

At 31 December 2024

32

119,168

119,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,801,982

978,629

Other debtors

68,806

409,264

1,870,788

1,387,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

81,666

140,000

Trade creditors

556,490

998,976

Tax

256,881

306,185

Social security and other taxes

25,110

18,848

VAT

498,773

65,307

Other loans

63,969

-

Sundry creditor

20,481

51,746

Accrued expenses

386,631

361,205

1,890,001

1,942,267

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

81,666

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

90,204

55,758

Between one and five years

220,443

82,650

310,647

138,408

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

81,666

221,666

Other loans

63,969

-

145,635

221,666

HSBC Bank Plc hold a floating charge over all assets and undertaking. Other loan creditors are secured over the goods to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

50,800

29,800

Deferred

tax

£

Balance at 1 January 2025

29,800

Provided during year

21,000

Balance at 31 December 2025

50,800

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100