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REGISTERED NUMBER: SC057366 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dick Fleming Communications Limited

Dick Fleming Communications Limited (Registered number: SC057366)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dick Fleming Communications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Fleming
Mr C Forsyth
F Fraser





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA





REGISTERED NUMBER: SC057366 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Dick Fleming Communications Limited (Registered number: SC057366)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,400 12,000
Tangible assets 5 10,308 7,852
Investments 6 220,595 108,749
241,303 128,601

CURRENT ASSETS
Stocks 21,236 21,235
Debtors 7 438,453 448,674
Cash at bank and in hand 371,997 377,473
831,686 847,382
CREDITORS
Amounts falling due within one year 8 651,854 574,270
NET CURRENT ASSETS 179,832 273,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,135

401,713

PROVISIONS FOR LIABILITIES 16,402 12,528
NET ASSETS 404,733 389,185

CAPITAL AND RESERVES
Called up share capital 2,700 2,700
Retained earnings 402,033 386,485
404,733 389,185

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

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

Dick Fleming Communications Limited (Registered number: SC057366)

Balance Sheet - continued
31 December 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 22 April 2024 and were signed on its behalf by:





F Fraser - Director


Dick Fleming Communications Limited (Registered number: SC057366)

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

1. STATUTORY INFORMATION

Dick Fleming Communications 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

Dick Fleming Communications Limited (Registered number: SC057366)

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

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
Charge for year 1,600
At 31 December 2023 1,600
NET BOOK VALUE
At 31 December 2023 10,400
At 31 December 2022 12,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 294,195 7,428 30,499 332,122
Additions - - 8,188 8,188
Disposals (294,195 ) (7,428 ) (21,884 ) (323,507 )
At 31 December 2023 - - 16,803 16,803
DEPRECIATION
At 1 January 2023 292,962 7,428 23,880 324,270
Charge for year 54 - 3,025 3,079
Eliminated on disposal (293,016 ) (7,428 ) (20,410 ) (320,854 )
At 31 December 2023 - - 6,495 6,495
NET BOOK VALUE
At 31 December 2023 - - 10,308 10,308
At 31 December 2022 1,233 - 6,619 7,852

Dick Fleming Communications Limited (Registered number: SC057366)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 108,749
Additions 100,000
Revaluations 11,846
At 31 December 2023 220,595
NET BOOK VALUE
At 31 December 2023 220,595
At 31 December 2022 108,749

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2017 43,596
Valuation in 2018 (3,441 )
Valuation in 2019 12,556
Valuation in 2020 5,086
Valuation in 2021 10,512
Valuation in 2022 (9,559 )
Valuation in 2023 11,846
Cost 149,999
220,595

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 153,737 208,260
Other debtors 284,716 240,414
438,453 448,674

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 92,036 111,633
Taxation and social security 138,708 109,311
Other creditors 421,110 353,326
651,854 574,270

Dick Fleming Communications Limited (Registered number: SC057366)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 18,540 13,343

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K Fleming
Balance outstanding at start of year (2,354 ) (2,354 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,354 ) (2,354 )

Mr C Forsyth
Balance outstanding at start of year (6,302 ) (7,644 )
Amounts advanced 4,758 1,942
Amounts repaid (600 ) (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,144 ) (6,302 )

F Fraser
Balance outstanding at start of year (4,706 ) (5,749 )
Amounts advanced 4,542 1,643
Amounts repaid (396 ) (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (560 ) (4,706 )