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REGISTERED NUMBER: SC397896 (Scotland)




















Daybreak Scotland Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Daybreak Scotland Limited (Registered number: SC397896)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Daybreak Scotland Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms H Richardson





REGISTERED OFFICE: 9 Ainslie Place,
Edinburgh
Lothian
EH3 6AT





REGISTERED NUMBER: SC397896 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Daybreak Scotland Limited (Registered number: SC397896)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,069 41,628

CURRENT ASSETS
Stocks 1,100 2,000
Debtors 5 158,172 150,541
Cash at bank 452 30,037
159,724 182,578
CREDITORS
Amounts falling due within one year 6 171,256 192,940
NET CURRENT LIABILITIES (11,532 ) (10,362 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,537 31,266

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (4,650 ) (5,075 )
NET ASSETS/(LIABILITIES) 220 (476 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120 (576 )
220 (476 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Daybreak Scotland Limited (Registered number: SC397896)

Balance Sheet - continued
31 March 2024


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 12 August 2024 and were signed by:





Ms H Richardson - Director


Daybreak Scotland Limited (Registered number: SC397896)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Daybreak Scotland 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% 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.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise bank, cash and other debtors. Financial liabilities compromise trade creditors, hire purchase, accruals and other creditors.

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.


Daybreak Scotland Limited (Registered number: SC397896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director. The director will continue to support the company and is confident of the continued support of the bank and other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 73 ) .

Daybreak Scotland Limited (Registered number: SC397896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 108,155
Additions 1,540
At 31 March 2024 109,695
DEPRECIATION
At 1 April 2023 66,527
Charge for year 10,099
At 31 March 2024 76,626
NET BOOK VALUE
At 31 March 2024 33,069
At 31 March 2023 41,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,342 88,461
Amounts owed by associates 14,140 40,279
Other debtors 14,690 21,801
158,172 150,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,040 10,000
Trade creditors 23,373 25,294
Taxation and social security 109,874 150,247
Other creditors 15,969 7,399
171,256 192,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,667 26,667

Daybreak Scotland Limited (Registered number: SC397896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,020 13,000
Between one and five years 9,708 20,583
23,728 33,583

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Ms H Richardson
Balance outstanding at start of year 17,371 2,325
Amounts advanced 9,197 56,672
Amounts repaid (17,981 ) (41,626 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,587 17,371

Ms P G Fraser
Balance outstanding at start of year - (3,885 )
Amounts advanced - 31,822
Amounts repaid - (27,937 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Included within other debtors is a loan to Ms H Richardson. The loan is interest free, unsecured and has no set repayment date.

Ms P G Fraser resigned on 14 February 2023.