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REGISTERED NUMBER: SC646661 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Doric Home Improvements Ltd

Doric Home Improvements Ltd (Registered number: SC646661)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Doric Home Improvements Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr B A Kelman
Mr G M Leith





REGISTERED OFFICE: 318 Stoneywood Road
Bucksburn
Aberdeen
AB21 9JX





REGISTERED NUMBER: SC646661 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Doric Home Improvements Ltd (Registered number: SC646661)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,662 12,236

CURRENT ASSETS
Stocks 40,000 41,861
Debtors 5 71,216 2,940
Cash at bank - 5,201
111,216 50,002
CREDITORS
Amounts falling due within one year 6 126,076 60,277
NET CURRENT LIABILITIES (14,860 ) (10,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,802

1,961

CREDITORS
Amounts falling due after more than one
year

7

(71,104

)

-

PROVISIONS FOR LIABILITIES (5,297 ) (1,600 )
NET ASSETS 9,401 361

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 9,351 311
9,401 361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Doric Home Improvements Ltd (Registered number: SC646661)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr B A Kelman - Director


Doric Home Improvements Ltd (Registered number: SC646661)

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

1. STATUTORY INFORMATION

Doric Home Improvements 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Doric Home Improvements Ltd (Registered number: SC646661)

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

2. ACCOUNTING POLICIES - continued

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.

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 10,600 12,540 - 23,140
Additions 12,158 117,390 483 130,031
Disposals - (8,000 ) - (8,000 )
At 30 November 2023 22,758 121,930 483 145,171
DEPRECIATION
At 1 December 2022 5,339 5,565 - 10,904
Charge for year 4,355 29,584 159 34,098
Eliminated on disposal - (493 ) - (493 )
At 30 November 2023 9,694 34,656 159 44,509
NET BOOK VALUE
At 30 November 2023 13,064 87,274 324 100,662
At 30 November 2022 5,261 6,975 - 12,236

Doric Home Improvements Ltd (Registered number: SC646661)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 7,100 109,541 116,641
Disposals - (8,000 ) (8,000 )
At 30 November 2023 7,100 101,541 108,641
DEPRECIATION
Charge for year 1,775 25,878 27,653
Eliminated on disposal - (493 ) (493 )
At 30 November 2023 1,775 25,385 27,160
NET BOOK VALUE
At 30 November 2023 5,325 76,156 81,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 70,916 -
Other debtors 300 2,940
71,216 2,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 2,076 -
Hire purchase contracts 21,012 -
Trade creditors 32,489 2,400
Taxation and social security 2,847 2,147
Other creditors 67,652 55,730
126,076 60,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 71,104 -

Doric Home Improvements Ltd (Registered number: SC646661)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.11.23 30.11.22
£    £   
Mr B A Kelman
Balance outstanding at start of year 2,359 (5,635 )
Amounts advanced 26,505 13,129
Amounts repaid (31,503 ) (5,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,639 ) 2,359

Mr G M Leith
Balance outstanding at start of year (176 ) (5 )
Amounts advanced 34,661 -
Amounts repaid (37,502 ) (171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,017 ) (176 )

9. RELATED PARTY DISCLOSURES

Included in Other Creditors is £10,501 (2022 - £39,514) owed to Stoneywood Glazing Ltd, a company registered in Scotland, of which Mr B A Kelman is a director.

Included in Tools & consumables is £Nil (2022 - £100,546) paid to Stoneywood Glazing Ltd, a company registered in Scotland, of which Mr B A Kelman is a director.

Management charges of £3,000 (2022 - £6,000) were received from Stoneywood Glazing Ltd, a company registered in Scotland, of which Mr B A Kelman is a director.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.