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REGISTERED NUMBER: SC437495 (Scotland)















DALEBRAE CONSTRUCTION LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021






DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALEBRAE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2021







DIRECTORS: L Robb
R Robb





REGISTERED OFFICE: 11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT





REGISTERED NUMBER: SC437495 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

BALANCE SHEET
31ST MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,881 97,060

CURRENT ASSETS
Stocks 105,382 42,500
Debtors 5 399,241 411,299
Cash at bank - 89
504,623 453,888
CREDITORS
Amounts falling due within one year 6 328,076 307,646
NET CURRENT ASSETS 176,547 146,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,428

243,302

CREDITORS
Amounts falling due after more than one year 7 75,890 36,420
NET ASSETS 197,538 206,882

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 197,536 206,880
SHAREHOLDERS' FUNDS 197,538 206,882

DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

BALANCE SHEET - continued
31ST MARCH 2021


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 25th August 2022 and were signed on its behalf by:





R Robb - Director


DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021


1. STATUTORY INFORMATION

Dalebrae Construction 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 etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

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.

DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2021


2. ACCOUNTING POLICIES - continued

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 10 (2020 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2020 164,987
Additions 25,383
At 31st March 2021 190,370
DEPRECIATION
At 1st April 2020 67,927
Charge for year 25,562
At 31st March 2021 93,489
NET BOOK VALUE
At 31st March 2021 96,881
At 31st March 2020 97,060

DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2021


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st April 2020 123,249
Additions 24,991
Transfer to ownership (9,174 )
At 31st March 2021 139,066
DEPRECIATION
At 1st April 2020 51,742
Charge for year 20,386
Transfer to ownership (4,681 )
At 31st March 2021 67,447
NET BOOK VALUE
At 31st March 2021 71,619
At 31st March 2020 71,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 120,743 137,404
Other debtors 278,498 273,895
399,241 411,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 12,558 19,212
Hire purchase contracts 29,726 20,493
Taxation and social security 212,500 203,766
Other creditors 73,292 64,175
328,076 307,646

DALEBRAE CONSTRUCTION LIMITED (REGISTERED NUMBER: SC437495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 42,500 -
Hire purchase contracts 33,390 36,420
75,890 36,420

8. RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount of £4,381 due to the company by the directors. This loan was fully repaid during April 2021.

At the balance sheet date the was an amount of £17,352 due to the company by The Portmann Hotel Ltd, a business in which R Robb, director, has a material interest.