Tayside Decorators (Dundee) Limited SC066874 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is The principal activity of the company is Decorating. Digita Accounts Production Advanced 6.30.9574.0 true true SC066874 2022-08-01 2023-07-31 SC066874 2023-07-31 SC066874 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC066874 core:ShareCapital 2023-07-31 SC066874 core:CurrentFinancialInstruments 2023-07-31 SC066874 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC066874 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 SC066874 core:FurnitureFittings 2023-07-31 SC066874 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 SC066874 core:MotorVehicles 2023-07-31 SC066874 core:OfficeEquipment 2023-07-31 SC066874 core:PlantMachinery 2023-07-31 SC066874 bus:SmallEntities 2022-08-01 2023-07-31 SC066874 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 SC066874 bus:FilletedAccounts 2022-08-01 2023-07-31 SC066874 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC066874 bus:RegisteredOffice 2022-08-01 2023-07-31 SC066874 bus:Director1 2022-08-01 2023-07-31 SC066874 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC066874 core:FurnitureFittings 2022-08-01 2023-07-31 SC066874 core:Land 2022-08-01 2023-07-31 SC066874 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 SC066874 core:MotorVehicles 2022-08-01 2023-07-31 SC066874 core:OfficeEquipment 2022-08-01 2023-07-31 SC066874 core:PlantMachinery 2022-08-01 2023-07-31 SC066874 countries:Scotland 2022-08-01 2023-07-31 SC066874 2022-07-31 SC066874 core:FurnitureFittings 2022-07-31 SC066874 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-31 SC066874 core:MotorVehicles 2022-07-31 SC066874 core:OfficeEquipment 2022-07-31 SC066874 core:PlantMachinery 2022-07-31 SC066874 2021-08-01 2022-07-31 SC066874 2022-07-31 SC066874 core:RetainedEarningsAccumulatedLosses 2022-07-31 SC066874 core:ShareCapital 2022-07-31 SC066874 core:CurrentFinancialInstruments 2022-07-31 SC066874 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 SC066874 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 SC066874 core:FurnitureFittings 2022-07-31 SC066874 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-31 SC066874 core:MotorVehicles 2022-07-31 SC066874 core:OfficeEquipment 2022-07-31 SC066874 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure

Registration number: SC066874

Tayside Decorators (Dundee) Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Tayside Decorators (Dundee) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Tayside Decorators (Dundee) Limited

(Registration number: SC066874)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

50,442

56,967

Current assets

 

Stocks

5

25,395

25,395

Debtors

6

42,144

41,020

Cash at bank and in hand

 

1,172

1,682

 

68,711

68,097

Creditors: Amounts falling due within one year

7

(71,104)

(69,339)

Net current liabilities

 

(2,393)

(1,242)

Total assets less current liabilities

 

48,049

55,725

Creditors: Amounts falling due after more than one year

7

(39,146)

(47,145)

Provisions for liabilities

(3,555)

(3,555)

Net assets

 

5,348

5,025

Capital and reserves

 

Called up share capital

5,000

5,000

Retained earnings

348

25

Shareholders' funds

 

5,348

5,025

For the financial year ending 31 July 2023 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 accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

 

Tayside Decorators (Dundee) Limited

(Registration number: SC066874)
Statement of Financial Position as at 31 July 2023

.........................................
David Anderson
Director

 

Tayside Decorators (Dundee) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
31 Hawkihill
Dundee
DD1 5DH

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Tayside Decorators (Dundee) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% straight line

Plant & Machinery

15% reducing balance

Fixtures & Fittings

15% reducing balance

Motor Vehicle

25% straight line

Equipment

15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2022 - 7).

 

Tayside Decorators (Dundee) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

51,102

17,747

41,423

2,746

50,972

163,990

At 31 July 2023

51,102

17,747

41,423

2,746

50,972

163,990

Depreciation

At 1 August 2022

31,354

17,252

21,791

1,116

35,510

107,023

Charge for the year

1,022

74

2,945

165

2,319

6,525

At 31 July 2023

32,376

17,326

24,736

1,281

37,829

113,548

Carrying amount

At 31 July 2023

18,726

421

16,687

1,465

13,143

50,442

At 31 July 2022

19,748

495

19,632

1,630

15,462

56,967

5

Stocks

2023
£

2022
£

Other inventories

25,395

25,395

6

Debtors

Current

2023
£

2022
£

Trade debtors

38,561

35,161

Prepayments

261

261

Other debtors

3,322

5,598

 

42,144

41,020

 

Tayside Decorators (Dundee) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

55,244

55,353

Trade creditors

 

2,902

4,002

Taxation and social security

 

3,133

5,403

Accruals and deferred income

 

3,601

3,957

Other creditors

 

6,224

624

 

71,104

69,339

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

39,146

47,145