SCHON KITCHENS LIMITED


Directors	Thomas Scott Carr
	Steven Grant Tiernan


Registered Address	Unit 14 Strathore Business Park
	Thornton
	KY1 4EH


Registered Number	SC566904 (Scotland)

Balance Sheet as at
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		107,876		114,042
			107,876		114,042
Current assets
Stocks	4	4,955		5,000
Debtors	5	164,601		148,557
Cash at bank and on hand		232,827		219,044
		402,383		372,601
Creditors amounts falling due within one year	6	(316,705)		(309,342)
Net current assets (liabilities)			85,678		63,259
Total assets less current liabilities			193,554		177,301
Creditors amounts falling due after one year	7		(24,496)		(31,026)
Provisions for liabilities			(24,666)		(24,653)
Net assets			144,392		121,622
Capital and reserves
Called up share capital			2		2
Share premium			19,999		19,999
Profit and loss account			124,391		101,621
Shareholders' funds			144,392		121,622

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 5 October 2026, and are signed on its behalf by:

Steven Grant Tiernan
Director

Thomas Scott Carr
Director

Registered Company No. SC566904

SCHON KITCHENS LIMITED

Notes to the Financial Statements
for the year ended 31 May 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee 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.

	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
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	10
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

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

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

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		9

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 June 25	138,876	73,138	20,477	232,491
Additions	13,200	11,498	3,689	28,387
At 31 May 26	152,076	84,636	24,166	260,878
Depreciation and impairment
At 01 June 25	88,345	24,440	5,664	118,449
Charge for year	14,994	14,198	5,361	34,553
At 31 May 26	103,339	38,638	11,025	153,002
Net book value
At 31 May 26	48,737	45,998	13,141	107,876
At 31 May 25	50,531	48,698	14,813	114,042

4.	Stocks

	2026	2025
	£	£
Raw materials and consumables	4,955	5,000
Total	4,955	5,000

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	151,719	126,500
Other debtors	12,492	18,288
Prepayments and accrued income	390	3,769
Total	164,601	148,557

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	87,837	55,413
Finance lease and HP contracts	6,530	7,618
Other creditors	9,726	22,320
Accrued liabilities and deferred income	212,612	223,991
Total	316,705	309,342

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	24,496	31,026
Total	24,496	31,026