Deeside Bathrooms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC485191 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

DEESIDE BATHROOMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Owen

K Adam-Owen

REGISTERED OFFICE:

Hazelhurst Lodge

Ballater Road

Aboyne

Aberdeenshire

AB34 5HY

REGISTERED NUMBER:

SC485191 (Scotland)

FIXED ASSETS

Tangible assets

4

62

186

CURRENT ASSETS

Debtors

5

300

15,059

Cash at bank and in hand

16,061

4,389

16,361

19,448

CREDITORS

Amounts falling due within one year

6

26,047

27,126

NET CURRENT LIABILITIES

(9,686

)

(7,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,624

)

(7,492

)

CREDITORS

Amounts falling due after more than one year

7

7,500

9,500

NET LIABILITIES

(17,124

)

(16,992

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(17,126

)

(16,994

)

SHAREHOLDERS' FUNDS

(17,124

)

(16,992

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 12 August 2022 and were signed on its behalf by:

S Owen - Director

1.	STATUTORY INFORMATION

Deeside Bathrooms 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.

Computer equipment

-

33% on cost

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2020

and 31 August 2021

373

DEPRECIATION

At 1 September 2020

187

Charge for year

124

At 31 August 2021

311

NET BOOK VALUE

At 31 August 2021

62

At 31 August 2020

186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

300

14,790

Other debtors

-

269

300

15,059

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

2,874

-

Other creditors

23,173

27,126

26,047

27,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

7,500

9,500

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

2,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

9.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.