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REGISTERED NUMBER: SC633693 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DARGAVEL MANAGEMENT LIMITED

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)






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


DARGAVEL MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: B Singh





REGISTERED OFFICE: 1 Macdowall Street
Suite 3.1
Paisley
PA3 2NB





REGISTERED NUMBER: SC633693 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,000 -
Tangible assets 5 107,598 57,064
126,598 57,064

CURRENT ASSETS
Debtors 6 124,949 155,458
Cash at bank and in hand 1,248 18
126,197 155,476
CREDITORS
Amounts falling due within one year 7 120,071 84,407
NET CURRENT ASSETS 6,126 71,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,724

128,133

CREDITORS
Amounts falling due after more than one year 8 75,365 80,959
NET ASSETS 57,359 47,174

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 57,357 47,172
SHAREHOLDERS' FUNDS 57,359 47,174

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.

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 and were signed by:





B Singh - Director


DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Dargavel Management 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 10 years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 20,000
At 30 June 2023 20,000
AMORTISATION
Charge for year 1,000
At 30 June 2023 1,000
NET BOOK VALUE
At 30 June 2023 19,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 - 72,081 72,081
Additions 123,197 - 123,197
Disposals - (72,081 ) (72,081 )
At 30 June 2023 123,197 - 123,197
DEPRECIATION
At 1 July 2022 - 15,017 15,017
Charge for year 15,599 7,508 23,107
Eliminated on disposal - (22,525 ) (22,525 )
At 30 June 2023 15,599 - 15,599
NET BOOK VALUE
At 30 June 2023 107,598 - 107,598
At 30 June 2022 - 57,064 57,064

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 72,081
Disposals (72,081 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 15,017
Charge for year 7,508
Eliminated on disposal (22,525 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 57,064

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 3,000 -
Other debtors 39,774 155,458
42,774 155,458

Amounts falling due after more than one year:
Other debtors 82,175 -

Aggregate amounts 124,949 155,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 21,952 10,000
Trade creditors 14,420 7,459
Taxation and social security 1,477 15,119
Other creditors 82,222 51,829
120,071 84,407

DARGAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: SC633693)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 59,007 29,167
Other creditors 16,358 51,792
75,365 80,959

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 3,984

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Other loans - 63,744

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
B Singh
Balance outstanding at start of year 50,479 (5,253 )
Amounts advanced 10,338 55,732
Amounts repaid (85,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,183 ) 50,479

At 30/06/2023, an amount of £24,183 (2022 - (£-50,479)) is owed to the director, Mr B Singh. The loan is disclosed in other creditors. It is interest free with no fixed date for repayment.