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REGISTERED NUMBER: SC154258 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Dellburn Transport Limited

Dellburn Transport Limited (Registered number: SC154258)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dellburn Transport Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J F Pickett
Mrs C W Pickett





SECRETARY: Mrs C W Pickett





REGISTERED OFFICE: 145 St. Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC154258 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Dellburn Transport Limited (Registered number: SC154258)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,100 14,875
Investment property 5 950,000 950,000
974,100 964,875

CURRENT ASSETS
Debtors 6 4,541 2,553
Cash at bank 155,115 256,461
159,656 259,014
CREDITORS
Amounts falling due within one year 7 (72,099 ) (121,551 )
NET CURRENT ASSETS 87,557 137,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,657

1,102,338

CREDITORS
Amounts falling due after more than one
year

8

(99,457

)

(128,355

)

PROVISIONS FOR LIABILITIES (26,536 ) (18,415 )
NET ASSETS 935,664 955,568

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 263,437 268,360
Retained earnings 672,225 687,206
SHAREHOLDERS' FUNDS 935,664 955,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Dellburn Transport Limited (Registered number: SC154258)

Balance Sheet - continued
30 November 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





J F Pickett - Director


Dellburn Transport Limited (Registered number: SC154258)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Dellburn Transport 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.
Plant and machinery etc - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


Dellburn Transport Limited (Registered number: SC154258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 91,169
Additions 17,890
Disposals (17,750 )
At 30 November 2023 91,309
DEPRECIATION
At 1 December 2022 76,294
Charge for year 8,033
Eliminated on disposal (17,118 )
At 30 November 2023 67,209
NET BOOK VALUE
At 30 November 2023 24,100
At 30 November 2022 14,875

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 950,000
NET BOOK VALUE
At 30 November 2023 950,000
At 30 November 2022 950,000

The properties were valued by Graham + Sibbald LLP during 2022 at £950,000. The directors believe this value still to be appropriate for 2023.

Dellburn Transport Limited (Registered number: SC154258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,372 2,384
Other debtors 169 169
4,541 2,553

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 30,204 31,184
Trade creditors 3,783 2,661
Taxation and social security 14,868 65,749
Other creditors 23,244 21,957
72,099 121,551

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 99,457 128,355

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank Loan < 1 year 30,204 31,184
Bank Loan > 1 year 99,457 128,355
129,661 159,539

The bank borrowings are secured by a standard security over the company's property.