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REGISTERED NUMBER: SC139094 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DUNEDIN BUILDERS MERCHANTS LIMITED

DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNEDIN BUILDERS MERCHANTS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: J A Taylor





SECRETARY: J L Taylor





REGISTERED OFFICE: Unit 16 Dunedin Street
Edinburgh
Lothian
EH7 4JG





REGISTERED NUMBER: SC139094 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 467,652 463,430

CURRENT ASSETS
Stocks 174,541 147,411
Debtors 5 123,143 102,723
Cash at bank and in hand 324,246 227,567
621,930 477,701
CREDITORS
Amounts falling due within one year 6 373,407 281,871
NET CURRENT ASSETS 248,523 195,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,175

659,260

PROVISIONS FOR LIABILITIES 7 971 -
NET ASSETS 715,204 659,260

CAPITAL AND RESERVES
Called up share capital 96 96
Retained earnings 715,108 659,164
SHAREHOLDERS' FUNDS 715,204 659,260

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

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

DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)

BALANCE SHEET - continued
30 June 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 23 February 2024 and were signed by:





J A Taylor - Director


DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Dunedin Builders Merchants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sale of building materials, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Heritable property - 2% per annum on cost
Plant and machinery - 25% per annum on cost
Fixtures and fittings - 25% per annum on cost
Motor vehicles - 25% per annum on cost

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 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.

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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Heritable Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 463,430 39,237 28,114 17,495 548,276
Additions - 2,610 2,158 - 4,768
At 30 June 2023 463,430 41,847 30,272 17,495 553,044
DEPRECIATION
At 1 July 2022 - 39,237 28,114 17,495 84,846
Charge for year - 488 58 - 546
At 30 June 2023 - 39,725 28,172 17,495 85,392
NET BOOK VALUE
At 30 June 2023 463,430 2,122 2,100 - 467,652
At 30 June 2022 463,430 - - - 463,430

Heritable property with a net book value of £463,430 (2022 - £463,430) have been pledged to secure the borrowings of the company.

Heritable property is depreciated at 2%, however, the residual value of heritable property is expected to be at equal to the cost.

DUNEDIN BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: SC139094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,983 100,697
Other debtors 5,160 2,026
123,143 102,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 261,989 189,241
Taxation and social security 72,446 52,860
Other creditors 38,972 39,770
373,407 281,871

The company has granted a standard security over heritable property dated 30th April 2014 to Beaverhall Properties Limited.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 971 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 971
Balance at 30 June 2023 971

8. RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £18,146 (2022 - £18,146) due to the director from the company. The loan is interest free and is repayable on demand.

Included in "Other creditors" is an amount of £17,137 (2022 - £17,137) due to a shareholder of the company. The loan is interest free and is repayable on demand.