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REGISTERED NUMBER: SC451963 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

DAB GROUNDWORKS LIMITED

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAB GROUNDWORKS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2023







DIRECTOR: D A Boyd





REGISTERED OFFICE: 8 Blaich
FORT WILLIAM
Inverness-shire
PH33 7AN





REGISTERED NUMBER: SC451963 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 747,196 653,182

CURRENT ASSETS
Stocks 90,632 160,505
Debtors 5 54,649 125,180
Cash at bank 177,376 90,214
322,657 375,899
CREDITORS
Amounts falling due within one year 6 391,413 346,528
NET CURRENT (LIABILITIES)/ASSETS (68,756 ) 29,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,440

682,553

CREDITORS
Amounts falling due after more than one year 7 (127,614 ) (172,813 )

PROVISIONS FOR LIABILITIES (176,344 ) (119,044 )
NET ASSETS 374,482 390,696

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 374,481 390,695
SHAREHOLDERS' FUNDS 374,482 390,696

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

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

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

BALANCE SHEET - continued
30 September 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 1 March 2024 and were signed by:





D A Boyd - Director


DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Dab Groundworks 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance

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

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
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.

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 1,111,866 2,283 133,152 1,247,301
Additions 228,534 530 - 229,064
At 30 September 2023 1,340,400 2,813 133,152 1,476,365
DEPRECIATION
At 1 October 2022 512,426 457 81,236 594,119
Charge for year 124,196 471 10,383 135,050
At 30 September 2023 636,622 928 91,619 729,169
NET BOOK VALUE
At 30 September 2023 703,778 1,885 41,533 747,196
At 30 September 2022 599,440 1,826 51,916 653,182

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 231,000 20,995 251,995
Additions 114,000 - 114,000
At 30 September 2023 345,000 20,995 365,995
DEPRECIATION
At 1 October 2022 34,650 4,199 38,849
Charge for year 46,553 3,359 49,912
At 30 September 2023 81,203 7,558 88,761
NET BOOK VALUE
At 30 September 2023 263,797 13,437 277,234
At 30 September 2022 196,350 16,796 213,146

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,649 125,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 7,500
Hire purchase contracts 138,625 159,772
Trade creditors 55,786 71,743
Taxation and social security 88,047 86,947
Other creditors 98,955 20,566
391,413 346,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,507 29,742
Hire purchase contracts 110,107 143,071
127,614 172,813