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REGISTERED NUMBER: SC271000 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

D L INDUSTRIAL SUPPLIES LIMITED

D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)

ABRIDGED BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,706 14,190

CURRENT ASSETS
Stocks 7,737 2,237
Debtors 144,911 152,946
Cash at bank 36,968 8,112
189,616 163,295
CREDITORS
Amounts falling due within one year 103,470 87,114
NET CURRENT ASSETS 86,146 76,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,852

90,371

CREDITORS
Amounts falling due after more than one
year

(40,992

)

(31,038

)

PROVISIONS FOR LIABILITIES (6,404 ) (2,696 )
NET ASSETS 72,456 56,637

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,356 56,537
SHAREHOLDERS' FUNDS 72,456 56,637

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)

ABRIDGED BALANCE SHEET - continued
30 September 2023



The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





W Lauder - Director


D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)

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

1. STATUTORY INFORMATION

D L Industrial Supplies Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC271000

Registered office: 9 Peel Park Place
East Kilbride
Glasgow
G74 5LW

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)

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

2. ACCOUNTING POLICIES - continued

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.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 84,365
Additions 33,010
Disposals (20,995 )
At 30 September 2023 96,380
DEPRECIATION
At 1 October 2022 70,175
Charge for year 5,499
Eliminated on disposal (13,000 )
At 30 September 2023 62,674
NET BOOK VALUE
At 30 September 2023 33,706
At 30 September 2022 14,190

D L INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: SC271000)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 33,010
At 30 September 2023 33,010
DEPRECIATION
Charge for year 2,751
At 30 September 2023 2,751
NET BOOK VALUE
At 30 September 2023 30,259

5. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Other loans 27,500 -
Company credit card 2,308 -
29,808 -

The Clydesdale Bank (now Virgin Money) hold a floating charge delivered to Companies House on 16 May 2007 over the company assets.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Lauder.