IRIS Accounts Production v23.2.0.158 SC620217 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6202172022-02-28SC6202172023-02-28SC6202172022-03-012023-02-28SC6202172021-02-28SC6202172021-03-012022-02-28SC6202172022-02-28SC620217ns10:Originalns15:Scotland2022-03-012023-02-28SC620217ns14:PoundSterlingns10:Original2022-03-012023-02-28SC620217ns10:Originalns10:Director12022-03-012023-02-28SC620217ns10:Original2022-03-012023-02-28SC620217ns10:Original2023-02-28SC620217ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC620217ns10:Originalns10:SmallEntities2022-03-012023-02-28SC620217ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-28SC620217ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC620217ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC620217ns10:Originalns10:FullAccounts2022-03-012023-02-28SC620217ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC620217ns10:Original2022-02-28SC620217ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC620217ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC620217ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC620217ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC620217ns5:ShareCapitalns10:Original2023-02-28SC620217ns5:ShareCapitalns10:Original2022-02-28SC620217ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC620217ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC620217ns10:Originalns5:PlantMachinery2022-03-012023-02-28SC620217ns10:Originalns5:MotorVehicles2022-03-012023-02-28SC620217ns10:Original2021-03-012022-02-28SC620217ns10:Originalns5:LandBuildings2022-02-28SC620217ns10:Originalns5:PlantMachinery2022-02-28SC620217ns10:Originalns5:MotorVehicles2022-02-28SC620217ns10:Original2022-02-28SC620217ns10:Originalns5:LandBuildings2022-03-012023-02-28SC620217ns10:Originalns5:LandBuildings2023-02-28SC620217ns10:Originalns5:PlantMachinery2023-02-28SC620217ns10:Originalns5:MotorVehicles2023-02-28SC620217ns10:Originalns5:LandBuildings2022-02-28SC620217ns10:Originalns5:PlantMachinery2022-02-28SC620217ns10:Originalns5:MotorVehicles2022-02-28SC620217ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC620217ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28















DALTON REDPATH SURFACING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

DALTON REDPATH SURFACING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: D L Redpath





REGISTERED OFFICE: The Loaning
Rosebank Road
Hawick
Roxburghshire
TD9 0DH





REGISTERED NUMBER: SC620217 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 417,628 230,369

CURRENT ASSETS
Stocks 182,114 90,316
Debtors 5 371,947 236,185
Cash at bank 23,265 130,864
577,326 457,365
CREDITORS
Amounts falling due within one year 6 329,779 215,608
NET CURRENT ASSETS 247,547 241,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,175

472,126

CREDITORS
Amounts falling due after more than one
year

7

(39,216

)

(68,888

)

PROVISIONS FOR LIABILITIES (50,000 ) (39,000 )
NET ASSETS 575,959 364,238

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 575,459 363,738
SHAREHOLDERS' FUNDS 575,959 364,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th September 2023 and were signed by:





D L Redpath - Director


DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Dalton Redpath Surfacing 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
The company is involved in the construction of roads and other surfaces. Revenue is recognised in the accounting period in which the services are provided to customers. Revenue 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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 9 (2022 - 7 ) .

DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st March 2022 25,788 141,425 92,592 259,805
Additions 129,181 61,440 43,400 234,021
Disposals - (545 ) - (545 )
At 28th February 2023 154,969 202,320 135,992 493,281
DEPRECIATION
At 1st March 2022 - 14,253 15,183 29,436
Charge for year - 22,371 24,022 46,393
Eliminated on disposal - (176 ) - (176 )
At 28th February 2023 - 36,448 39,205 75,653
NET BOOK VALUE
At 28th February 2023 154,969 165,872 96,787 417,628
At 28th February 2022 25,788 127,172 77,409 230,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 277,709 210,026
Other debtors 94,238 26,159
371,947 236,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 90,000 10,000
Hire purchase contracts 31,783 28,017
Trade creditors 132,104 133,112
Taxation and social security 53,834 39,503
Other creditors 22,058 4,976
329,779 215,608

DALTON REDPATH SURFACING LIMITED (REGISTERED NUMBER: SC620217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 16,716 36,388
39,216 68,888

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DALTON REDPATH SURFACING LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dalton Redpath Surfacing Limited for the year ended 28th February 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Dalton Redpath Surfacing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dalton Redpath Surfacing Limited and state those matters that we have agreed to state to the director of Dalton Redpath Surfacing Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Dalton Redpath Surfacing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dalton Redpath Surfacing Limited. You consider that Dalton Redpath Surfacing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dalton Redpath Surfacing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


20th September 2023