IRIS Accounts Production v24.2.0.383 SC562072 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5620722023-03-31SC5620722024-03-31SC5620722023-04-012024-03-31SC5620722022-03-31SC5620722022-04-012023-03-31SC5620722023-03-31SC562072ns15:Scotland2023-04-012024-03-31SC562072ns14:PoundSterling2023-04-012024-03-31SC562072ns10:Director12023-04-012024-03-31SC562072ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC562072ns10:SmallEntities2023-04-012024-03-31SC562072ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC562072ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC562072ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC562072ns10:FullAccounts2023-04-012024-03-31SC562072ns10:RegisteredOffice2023-04-012024-03-31SC562072ns5:CurrentFinancialInstruments2024-03-31SC562072ns5:CurrentFinancialInstruments2023-03-31SC562072ns5:Non-currentFinancialInstruments2024-03-31SC562072ns5:Non-currentFinancialInstruments2023-03-31SC562072ns5:ShareCapital2024-03-31SC562072ns5:ShareCapital2023-03-31SC562072ns5:RetainedEarningsAccumulatedLosses2024-03-31SC562072ns5:RetainedEarningsAccumulatedLosses2023-03-31SC562072ns5:FurnitureFittings2023-04-012024-03-31SC562072ns5:MotorVehicles2023-04-012024-03-31SC562072ns5:ComputerEquipment2023-04-012024-03-31SC562072ns5:FurnitureFittings2023-03-31SC562072ns5:MotorVehicles2023-03-31SC562072ns5:ComputerEquipment2023-03-31SC562072ns5:FurnitureFittings2024-03-31SC562072ns5:MotorVehicles2024-03-31SC562072ns5:ComputerEquipment2024-03-31SC562072ns5:FurnitureFittings2023-03-31SC562072ns5:MotorVehicles2023-03-31SC562072ns5:ComputerEquipment2023-03-31SC562072ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC562072ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-31SC562072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC562072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC562072 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

D. J. Hay Ltd

D. J. Hay Ltd (Registered number: SC562072)






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


D. J. Hay Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D J Hay





REGISTERED OFFICE: Muiryfold Cottage
Turriff
Aberdeenshire
AB53 5TE





REGISTERED NUMBER: SC562072 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

D. J. Hay Ltd (Registered number: SC562072)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 23,140 5,272

CURRENT ASSETS
Debtors 5 9,603 5,231
Cash at bank 3,762 6,695
13,365 11,926
CREDITORS
Amounts falling due within one year 6 12,706 10,573
NET CURRENT ASSETS 659 1,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,799

6,625

CREDITORS
Amounts falling due after more than one
year

7

(11,025

)

-

PROVISIONS FOR LIABILITIES (4,397 ) (1,001 )
NET ASSETS 8,377 5,624

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8,367 5,614
8,377 5,624

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 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.

D. J. Hay Ltd (Registered number: SC562072)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Mr D J Hay - Director


D. J. Hay Ltd (Registered number: SC562072)

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

1. STATUTORY INFORMATION

D. J. Hay Ltd 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

D. J. Hay Ltd (Registered number: SC562072)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Tools and Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,538 17,995 583 23,116
Additions - 28,900 - 28,900
Disposals - (17,995 ) - (17,995 )
At 31 March 2024 4,538 28,900 583 34,021
DEPRECIATION
At 1 April 2023 2,706 14,754 384 17,844
Charge for year 367 7,225 199 7,791
Eliminated on disposal - (14,754 ) - (14,754 )
At 31 March 2024 3,073 7,225 583 10,881
NET BOOK VALUE
At 31 March 2024 1,465 21,675 - 23,140
At 31 March 2023 1,832 3,241 199 5,272

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 28,900
At 31 March 2024 28,900
DEPRECIATION
Charge for year 7,225
At 31 March 2024 7,225
NET BOOK VALUE
At 31 March 2024 21,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,000 -
Amounts recoverable on contract 4,592 4,893
Other debtors 11 338
9,603 5,231

D. J. Hay Ltd (Registered number: SC562072)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,725 -
Trade creditors - 60
Taxation and social security 5,519 8,434
Other creditors 2,462 2,079
12,706 10,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,025 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J Hay.