REGISTERED NUMBER: SC727021 (Scotland)

Affordable Luxuries (NE) Ltd

Financial Statements For The Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M Harrison

Mr M Harrison

REGISTERED OFFICE:

4 North Guildry Street

Elgin

Moray

IV30 1JR

REGISTERED NUMBER:

SC727021 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Santander

74 High Street

Elgin

Moray

IV30 1BJ

FIXED ASSETS

Tangible assets

4

37,193

43,412

CURRENT ASSETS

Cash at bank

64,134

38,416

CREDITORS

Amounts falling due within one year

5

61,247

58,836

NET CURRENT ASSETS/(LIABILITIES)

2,887

(20,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,080

22,992

PROVISIONS FOR LIABILITIES

6

5,496

8,248

NET ASSETS

34,584

14,744

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

34,484

14,644

SHAREHOLDERS' FUNDS

34,584

14,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 September 2026 and were signed on its behalf by:

Mr M R Harrison - Director

1.	STATUTORY INFORMATION

Affordable Luxuries (NE) Ltd 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.

Equipment

-

33% on cost and 25% on reducing balance

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 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

2,827

59,940

3,248

66,015

Additions

3,850

38,936

1,831

44,617

Disposals

-

(58,338

)

-

(58,338

)

At 31 March 2026

6,677

40,538

5,079

52,294

DEPRECIATION

At 1 April 2025

1,535

19,615

1,453

22,603

Charge for year

722

11,270

1,020

13,012

Eliminated on disposal

-

(20,514

)

-

(20,514

)

At 31 March 2026

2,257

10,371

2,473

15,101

NET BOOK VALUE

At 31 March 2026

4,420

30,167

2,606

37,193

At 31 March 2025

1,292

40,325

1,795

43,412

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

34,401

16,808

Other creditors

26,846

42,028

61,247

58,836

6.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

5,496

8,248

Deferred

tax

£

Balance at 1 April 2025

8,248

Provided during year

(2,752

)

Balance at 31 March 2026

5,496

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

55

Ordinary

1

55

55

45

Ordinary A

1

45

45

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2025

14,644

Profit for the year

79,840

Dividends

(60,000

)

At 31 March 2026

34,484

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2025 - £53,000) were paid to the directors .

At 31 March 2025 the company owed the directors £39,890. During the year the company met expenses on behalf of the director totalling £13,893. As at 31 March 2026 the company owed the directors £25,997. This loan is interest free and has no fixed terms of repayment.