REGISTERED NUMBER: SC385078 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

NODRAM DECORATORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Macphee

C Macphee

Mrs E A MacPhee

Ms C Ballesteros

SECRETARY:

Mrs E MacPhee

REGISTERED OFFICE:

Block 6, Units 1-3

Whiteside Industrial Estate

Bathgate

EH48 2RX

REGISTERED NUMBER:

SC385078 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

301,493

348,585

CURRENT ASSETS

Stocks

19,105

21,300

Debtors

5

654,763

699,132

Cash at bank and in hand

147,172

108,318

821,040

828,750

CREDITORS

Amounts falling due within one year

6

375,671

450,056

NET CURRENT ASSETS

445,369

378,694

TOTAL ASSETS LESS CURRENT LIABILITIES

746,862

727,279

CREDITORS

Amounts falling due after more than one year

7

(117,959

)

(59,753

)

PROVISIONS FOR LIABILITIES

9

(12,916

)

(24,689

)

NET ASSETS

615,987

642,837

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

615,887

642,737

SHAREHOLDERS' FUNDS

615,987

642,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

D Macphee - Director

C Macphee - Director

1.	STATUTORY INFORMATION

Nodram Decorators 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

249,828

25,920

212,436

18,580

506,764

Additions

-

2,401

12,000

1,725

16,126

Disposals

-

(18,092

)

(48,881

)

(6,746

)

(73,719

)

At 28 February 2026

249,828

10,229

175,555

13,559

449,171

DEPRECIATION

At 1 March 2025

-

18,886

121,918

17,375

158,179

Charge for year

-

2,225

46,932

923

50,080

Eliminated on disposal

-

(14,783

)

(39,052

)

(6,746

)

(60,581

)

At 28 February 2026

-

6,328

129,798

11,552

147,678

NET BOOK VALUE

At 28 February 2026

249,828

3,901

45,757

2,007

301,493

At 28 February 2025

249,828

7,034

90,518

1,205

348,585

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2025

112,487

Disposals

(29,616

)

At 28 February 2026

82,871

DEPRECIATION

At 1 March 2025

46,401

Charge for year

32,811

Eliminated on disposal

(19,787

)

At 28 February 2026

59,425

NET BOOK VALUE

At 28 February 2026

23,446

At 28 February 2025

66,086

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

631,506

659,967

Other debtors

1,000

1,000

VAT

10,247

20,436

Prepayments

12,010

17,729

654,763

699,132

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

30,000

15,186

Hire purchase contracts

21,542

26,956

Trade creditors

115,870

117,419

Tax

49,650

50,153

Social security and other taxes

39,524

35,554

Directors' current accounts

41,340

104,009

Accrued expenses

77,745

100,779

375,671

450,056

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-2 years

30,000

-

Bank loans - 2-5 years

62,500

-

Hire purchase contracts

25,459

59,753

117,959

59,753

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Bank loans

122,500

15,186

Hire purchase contracts

47,001

86,709

169,501

101,895

The Bank of Scotland holds a floating charge over all the property or undertakings of the company.

They also hold a personal guarantee from the directors amounting to £125,000.

On 31 January 2020 a standard security was granted over the company's property at Units 1-3, 6 Whiteside Industrial Estate, Bathgate EH48 2RX was made in favour of the Bank of Scotland.

9.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

£

Deferred tax

12,916

24,689

Deferred

tax

£

Balance at 1 March 2025

24,689

Reduction to deferred tax

(11,773

)

Balance at 28 February 2026

12,916