26
01/02/2023
31/01/2024
2024-01-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-02-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
SC555283
2023-02-01
2024-01-31
SC555283
2024-01-31
SC555283
2023-01-31
SC555283
2022-02-01
2023-01-31
SC555283
2023-01-31
SC555283
2022-01-31
SC555283
core:PlantMachinery
2023-02-01
2024-01-31
SC555283
core:FurnitureFittingsToolsEquipment
2023-02-01
2024-01-31
SC555283
core:MotorVehicles
2023-02-01
2024-01-31
SC555283
bus:RegisteredOffice
2023-02-01
2024-01-31
SC555283
bus:LeadAgentIfApplicable
2023-02-01
2024-01-31
SC555283
bus:Director1
2023-02-01
2024-01-31
SC555283
bus:Director2
2023-02-01
2024-01-31
SC555283
bus:CompanySecretary1
2023-02-01
2024-01-31
SC555283
core:PlantMachinery
2023-01-31
SC555283
core:FurnitureFittingsToolsEquipment
2023-01-31
SC555283
core:MotorVehicles
2023-01-31
SC555283
core:PlantMachinery
2024-01-31
SC555283
core:FurnitureFittingsToolsEquipment
2024-01-31
SC555283
core:MotorVehicles
2024-01-31
SC555283
core:RetainedEarningsAccumulatedLosses
2022-02-01
2023-01-31
SC555283
core:RetainedEarningsAccumulatedLosses
2023-02-01
2024-01-31
SC555283
core:WithinOneYear
2024-01-31
SC555283
core:WithinOneYear
2023-01-31
SC555283
core:ShareCapital
2024-01-31
SC555283
core:ShareCapital
2023-01-31
SC555283
core:RetainedEarningsAccumulatedLosses
2024-01-31
SC555283
core:RetainedEarningsAccumulatedLosses
2023-01-31
SC555283
core:ShareCapital
2022-01-31
SC555283
core:RetainedEarningsAccumulatedLosses
2022-01-31
SC555283
core:PreviouslyStatedAmount
core:ShareCapital
2024-01-31
SC555283
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-01-31
SC555283
core:CostValuation
core:Non-currentFinancialInstruments
2024-01-31
SC555283
core:Non-currentFinancialInstruments
2024-01-31
SC555283
core:FurnitureFittingsToolsEquipment
2023-01-31
SC555283
core:MotorVehicles
2023-01-31
SC555283
bus:Director1
2023-01-31
SC555283
bus:Director1
2022-01-31
SC555283
bus:Director1
2023-01-31
SC555283
bus:Director1
2022-02-01
2023-01-31
SC555283
bus:SmallEntities
2023-02-01
2024-01-31
SC555283
bus:AuditExempt-NoAccountantsReport
2023-02-01
2024-01-31
SC555283
bus:SmallCompaniesRegimeForAccounts
2023-02-01
2024-01-31
SC555283
bus:PrivateLimitedCompanyLtd
2023-02-01
2024-01-31
SC555283
bus:FullAccounts
2023-02-01
2024-01-31
SC555283
core:OtherReservesSubtotal
2024-01-31
SC555283
core:OtherReservesSubtotal
2023-02-01
2024-01-31
SC555283
core:AllAssociates
2024-01-31
Company registration number:
SC555283
D M Decking Ltd
Unaudited filleted financial statements
31 January 2024
D M Decking Ltd
Contents
Directors and other information
Balance sheet
Statement of changes in equity
Notes to the financial statements
D M Decking Ltd
Directors and other information
|
|
|
|
Directors |
Mr David Martin |
|
|
Ms Christine Jack |
|
|
|
|
|
|
|
Secretary |
Christine Jack |
|
|
|
|
|
|
|
Company number |
SC555283 |
|
|
|
|
|
|
|
Registered office |
Unit 5a |
|
|
Bandeath Industrial Estate |
|
|
Throsk |
|
|
FK7 7NP |
|
|
|
|
|
|
|
Accountant |
Nicola Woodburn |
|
|
100 Station Road |
|
|
Bannockburn |
|
|
Stirling |
|
|
FK7 8JP |
|
|
|
D M Decking Ltd
Balance sheet
31 January 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
321,328 |
|
|
|
248,527 |
|
|
Investments |
|
6 |
1,037,856 |
|
|
|
- |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1,359,184 |
|
|
|
248,527 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
64,179 |
|
|
|
2,000 |
|
|
Debtors |
|
7 |
811,648 |
|
|
|
730,770 |
|
|
Cash at bank and in hand |
|
|
2,040,085 |
|
|
|
2,532,355 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,915,912 |
|
|
|
3,265,125 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
505,519) |
|
|
|
(
728,734) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
2,410,393 |
|
|
|
2,536,391 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
3,769,577 |
|
|
|
2,784,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
63,494) |
|
|
|
(
54,032) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
3,706,083 |
|
|
|
2,730,886 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Other reserves |
|
|
|
|
35,628 |
|
|
|
- |
Profit and loss account |
|
|
|
|
3,670,355 |
|
|
|
2,730,786 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
3,706,083 |
|
|
|
2,730,886 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2024
, and are signed on behalf of the board by:
Mr David Martin
Director
Company registration number:
SC555283
D M Decking Ltd
Statement of changes in equity
Year ended 31 January 2024
|
|
Called up share capital |
|
Other reserves |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 February 2022 |
|
100 |
|
- |
|
1,119,028 |
1,119,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
1,695,758 |
1,695,758 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
1,695,758 |
1,695,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
84,000) |
(
84,000) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
84,000) |
(
84,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 January 2023 and 1 February 2023 |
|
100 |
|
- |
|
2,730,786 |
2,730,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
1,099,085 |
1,099,085 |
|
|
|
Other comprehensive income for the year (Net fair value adjustment ) |
|
- |
|
35,628 |
|
(
35,628) |
- |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
35,628 |
|
1,063,457 |
1,099,085 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
123,888) |
(
123,888) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
123,888) |
(
123,888) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 January 2024 |
|
100 |
|
35,628 |
|
3,670,355 |
3,706,083 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
D M Decking Ltd
Notes to the financial statements
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 5a, Bandeath Industrial Estate, Throsk, FK7 7NP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
straight line |
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
26
(2023:
27
).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2023 |
2,288 |
18,026 |
361,739 |
382,053 |
|
|
|
|
Additions |
1,555 |
10,209 |
223,203 |
234,967 |
|
|
|
|
Disposals |
- |
- |
(
136,110) |
(
136,110) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2024 |
3,843 |
28,235 |
448,832 |
480,910 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2023 |
2,288 |
8,526 |
122,712 |
133,526 |
|
|
|
|
Charge for the year |
194 |
3,032 |
79,568 |
82,794 |
|
|
|
|
Disposals |
- |
- |
(
56,738) |
(
56,738) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2024 |
2,482 |
11,558 |
145,542 |
159,582 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2024 |
1,361 |
16,677 |
303,290 |
321,328 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2023 |
- |
9,500 |
239,027 |
248,527 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 February 2023 |
- |
- |
|
|
|
|
|
Additions |
990,352 |
990,352 |
|
|
|
|
|
Fair value adjustment |
47,504 |
47,504 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 January 2024 |
1,037,856 |
1,037,856 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 February 2023 and 31 January 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 January 2024 |
1,037,856 |
1,037,856 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 January 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
515,702 |
434,420 |
|
Other debtors |
|
295,946 |
296,350 |
|
|
|
_______ |
_______ |
|
|
|
811,648 |
730,770 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
242,203 |
274,990 |
|
Corporation tax |
|
160,693 |
367,196 |
|
Social security and other taxes |
|
93,152 |
71,695 |
|
Other creditors |
|
9,471 |
14,853 |
|
|
|
_______ |
_______ |
|
|
|
505,519 |
728,734 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr David Martin |
245,158 |
- |
(
245,158) |
- |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr David Martin |
(
3,628) |
245,158 |
3,628 |
245,158 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
The interest free loan made to one of the directors in the year ended 31st January 2023 was repaid in full on 10th February 2023.
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
Businesses with a common owner\shareholder |
- |
- |
250,628 |
- |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|