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REGISTERED NUMBER: SC479922 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

DG HEARING LIMITED

DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

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


DG HEARING LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: G Bryce
R D Bryce





REGISTERED OFFICE: 580 George Street
Aberdeen
AB25 3XU





REGISTERED NUMBER: SC479922 (Scotland)






DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,712 137,969
Tangible assets 5 130,406 4,958
193,118 142,927

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 6 601,840 525,956
Cash at bank 17,291 27,355
620,381 554,561
CREDITORS
Amounts falling due within one year 7 163,838 135,878
NET CURRENT ASSETS 456,543 418,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,661

561,610

CREDITORS
Amounts falling due after more than one
year

8

(634,247

)

(559,383

)

PROVISIONS FOR LIABILITIES (14,564 ) (1,240 )
NET ASSETS 850 987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 750 887
850 987

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 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.

DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





G Bryce - Director


DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

DG Hearing 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 2014, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

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.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 752,567
AMORTISATION
At 1 October 2022 614,598
Charge for year 75,257
At 30 September 2023 689,855
NET BOOK VALUE
At 30 September 2023 62,712
At 30 September 2022 137,969

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 23,995 - 2,062 26,057
Additions - 147,080 - 147,080
At 30 September 2023 23,995 147,080 2,062 173,137
DEPRECIATION
At 1 October 2022 19,037 - 2,062 21,099
Charge for year 758 20,874 - 21,632
At 30 September 2023 19,795 20,874 2,062 42,731
NET BOOK VALUE
At 30 September 2023 4,200 126,206 - 130,406
At 30 September 2022 4,958 - - 4,958

DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,169 73,313
Other debtors 518,671 452,643
601,840 525,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,774 5,030
Hire purchase contracts 17,617 -
Trade creditors 66,220 37,288
Taxation and social security 28,111 46,359
Other creditors 47,116 47,201
163,838 135,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,658 16,050
Hire purchase contracts 110,009 -
Other creditors 516,580 543,333
634,247 559,383

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
G Bryce
Balance outstanding at start of year 170,527 187,376
Amounts advanced 30,714 87,266
Amounts repaid (10,400 ) (104,115 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 190,841 170,527

R D Bryce
Balance outstanding at start of year 153,321 161,219
Amounts advanced 42,382 96,081
Amounts repaid (10,468 ) (103,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 185,235 153,321

DG HEARING LIMITED (REGISTERED NUMBER: SC479922)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R D Bryce.