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REGISTERED NUMBER: SC056452 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Dods Of Haddington Limited

Dods Of Haddington Limited (Registered number: SC056452)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dods Of Haddington Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D M Cunningham
D J Eccles
T F Harper
J W M C Harper





REGISTERED OFFICE: Backburn
Letham Road
Haddington
East Lothian
EH41 4NN





REGISTERED NUMBER: SC056452 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Dods Of Haddington Limited (Registered number: SC056452)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 420,923 393,653
Investments 6 85,467 107,500
506,390 501,153

CURRENT ASSETS
Inventories 7 490,611 611,801
Debtors 8 463,759 393,991
Cash at bank and in hand 1,198,471 1,112,968
2,152,841 2,118,760
CREDITORS
Amounts falling due within one year 9 205,586 308,390
NET CURRENT ASSETS 1,947,255 1,810,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,453,645

2,311,523

PROVISIONS FOR LIABILITIES 29,500 18,500
NET ASSETS 2,424,145 2,293,023

CAPITAL AND RESERVES
Called up share capital 63,006 63,006
Share premium 170,736 170,736
Capital redemption reserve 10,501 10,501
Retained earnings 2,179,902 2,048,780
SHAREHOLDERS' FUNDS 2,424,145 2,293,023

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

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

Dods Of Haddington Limited (Registered number: SC056452)

Balance Sheet - continued
31 July 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 10 November 2023 and were signed on its behalf by:





J W M C Harper - Director


Dods Of Haddington Limited (Registered number: SC056452)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dods Of Haddington 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the sale of Grain, corn and seed net of VAT and trade discounts.

Revenue from the sale o goods is recognised when the significant risk and reward of ownership of the goods have passed to the buyer (usually on dispatch of the goods(, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in the respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 30% on reducing balance and 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost compromises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to the present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over it estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment losses are also recognised in the profit and loss.

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.


Dods Of Haddington Limited (Registered number: SC056452)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

Leasing
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 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 13,500
AMORTISATION
At 1 August 2022
and 31 July 2023 13,500
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Dods Of Haddington Limited (Registered number: SC056452)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 287,736 540,292 83,486 80,300 991,814
Additions - 40,767 - 22,895 63,662
Disposals - - - (24,815 ) (24,815 )
At 31 July 2023 287,736 581,059 83,486 78,380 1,030,661
DEPRECIATION
At 1 August 2022 - 480,952 71,182 46,027 598,161
Charge for year - 13,696 1,773 10,159 25,628
Eliminated on disposal - - - (14,051 ) (14,051 )
At 31 July 2023 - 494,648 72,955 42,135 609,738
NET BOOK VALUE
At 31 July 2023 287,736 86,411 10,531 36,245 420,923
At 31 July 2022 287,736 59,340 12,304 34,273 393,653

6. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 100,000 7,500 107,500
Revaluations (22,033 ) - (22,033 )
At 31 July 2023 77,967 7,500 85,467
NET BOOK VALUE
At 31 July 2023 77,967 7,500 85,467
At 31 July 2022 100,000 7,500 107,500

Cost or valuation at 31 July 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2023 (22,033 ) - (22,033 )
Cost 100,000 7,500 107,500
77,967 7,500 85,467

7. INVENTORIES
31/7/23 31/7/22
£    £   
Stocks 490,611 611,801

Dods Of Haddington Limited (Registered number: SC056452)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 432,845 378,719
Other debtors 9,019 8,983
VAT 21,895 6,289
463,759 393,991

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 33,431 149,892
Amounts owed to group undertakings 100 100
Tax 140,946 117,767
Social security and other taxes 12,409 13,063
Other creditors 18,700 20,068
Directors' loan accounts - 7,500
205,586 308,390