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REGISTERED NUMBER: SC265100 (Scotland)















Black Dog Financial Services Ltd.

Financial Statements For The Year Ended 31 August 2023






Black Dog Financial Services Ltd. (Registered number: SC265100)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Dog Financial Services Ltd.

Company Information
For The Year Ended 31 August 2023







DIRECTORS: Mr G D Chappell
Mr R M Penny



SECRETARY: Mr G D Chappell



REGISTERED OFFICE: 15 Spey Crescent
Fochabers
Moray
IV32 7QN



REGISTERED NUMBER: SC265100 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

Black Dog Financial Services Ltd. (Registered number: SC265100)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,336 7,001

CURRENT ASSETS
Debtors 5 9,125 9,875
Cash at bank and in hand 73,039 65,444
82,164 75,319
CREDITORS
Amounts falling due within one year 6 39,154 37,256
NET CURRENT ASSETS 43,010 38,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,346

45,064

PROVISIONS FOR LIABILITIES 7 2,186 1,294
NET ASSETS 51,160 43,770

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Retained earnings 9 49,960 42,570
SHAREHOLDERS' FUNDS 51,160 43,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Black Dog Financial Services Ltd. (Registered number: SC265100)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr G D Chappell - Director


Black Dog Financial Services Ltd. (Registered number: SC265100)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Black Dog Financial Services 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, 20% on cost and 20% 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.

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 4 (2022 - 5 ) .

Black Dog Financial Services Ltd. (Registered number: SC265100)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 September 2022 23,431
Additions 7,066
Disposals (2,659 )
At 31 August 2023 27,838
DEPRECIATION
At 1 September 2022 16,430
Charge for year 3,368
Eliminated on disposal (2,296 )
At 31 August 2023 17,502
NET BOOK VALUE
At 31 August 2023 10,336
At 31 August 2022 7,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 4,000 4,000
Other debtors 5,125 5,875
9,125 9,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 685 5
Trade creditors 300 -
Taxation and social security 34,812 34,662
Other creditors 3,357 2,589
39,154 37,256

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 2,186 1,294

Deferred
tax
£   
Balance at 1 September 2022 1,294
Provided during year 892
Balance at 31 August 2023 2,186

Black Dog Financial Services Ltd. (Registered number: SC265100)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
400 A Ordinary 1 400 400
400 B Ordinary 1 400 400
400 C Ordinary 1 400 400
1,200 1,200

9. RESERVES
Retained
earnings
£   

At 1 September 2022 42,570
Profit for the year 126,203
Dividends (118,813 )
At 31 August 2023 49,960

10. DIRECTORS' TRANSACTIONS

At 31 August 2022 one of the directors owed the company £47. During the year the company met expenses on behalf of the director totalling £143. At 31 August 2023 the director owed the company £190. This loan is interest free and has no fixed terms of repayment.

At 31 August 2022 the company owed one of the directors £147. During the year the company met expenses on behalf of the director of £60. At 31 August 2023 the company owed the director £87. this loan is interest free and has not fixed terms of repayment.

During the year the company paid rent of £2,200 for the use of the business premises to the directors.

During the year the company paid dividends totalling £118,813 (2022 - £144,857) to the directors.