CLEMENT DECORATORS LIMITED


Directors	David Patrick Clements
	Heather Clements
	Sean Clements


Registered Address	28 Crathes Close
	Glenrothes
	KY7 4SS


Registered Number	SC752430 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		5,416		7,049
			5,416		7,049
Current assets
Stocks		1,015		1,227
Debtors	4	1,287		4,102
Cash at bank and on hand		10,467		15,541
		12,769		20,870
Creditors amounts falling due within one year	5	(13,251)		(21,371)
Net current assets (liabilities)			(482)		(501)
Total assets less current liabilities			4,934		6,548
Creditors amounts falling due after one year	6		-		(1,323)
Provisions for liabilities			(1,029)		(1,339)
Net assets			3,905		3,886
Capital and reserves
Called up share capital			10		10
Profit and loss account			3,895		3,876
Shareholders' funds			3,905		3,886

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 financial statements were approved and authorised for issue by the Board of Directors on 20 August 2026, and are signed on its behalf by:

David Patrick Clements
Director
Registered Company No. SC752430

CLEMENT DECORATORS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

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.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors who have confirmed that they will continue to support the company as required.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

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

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	-	3

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	1,840	7,085	1,963	1,282	12,170
Additions	100	-	-	308	408
At 31 March 26	1,940	7,085	1,963	1,590	12,578
Depreciation and impairment
At 01 April 25	787	3,100	859	375	5,121
Charge for year	273	996	276	496	2,041
At 31 March 26	1,060	4,096	1,135	871	7,162
Net book value
At 31 March 26	880	2,989	828	719	5,416
At 31 March 25	1,053	3,985	1,104	907	7,049

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	1,080
Other debtors	-	1,769
Prepayments and accrued income	1,287	1,253
Total	1,287	4,102

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	896	6,538
Bank borrowings and overdrafts	1,323	3,119
Taxation and social security	8,256	6,864
Other creditors	1,564	3,751
Accrued liabilities and deferred income	1,212	1,099
Total	13,251	21,371

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,323
Total	-	1,323