IRIS Accounts Production v24.2.0.383 04953161 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049531612022-12-31049531612023-12-31049531612023-01-012023-12-31049531612021-12-31049531612022-01-012022-12-31049531612022-12-3104953161ns15:EnglandWales2023-01-012023-12-3104953161ns14:PoundSterling2023-01-012023-12-3104953161ns10:Director12023-01-012023-12-3104953161ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104953161ns10:SmallEntities2023-01-012023-12-3104953161ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104953161ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104953161ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104953161ns10:FullAccounts2023-01-012023-12-3104953161ns10:OrdinaryShareClass12023-01-012023-12-3104953161ns10:Director22023-01-012023-12-3104953161ns10:RegisteredOffice2023-01-012023-12-3104953161ns5:CurrentFinancialInstruments2023-12-3104953161ns5:CurrentFinancialInstruments2022-12-3104953161ns5:Non-currentFinancialInstruments2023-12-3104953161ns5:Non-currentFinancialInstruments2022-12-3104953161ns5:ShareCapital2023-12-3104953161ns5:ShareCapital2022-12-3104953161ns5:RetainedEarningsAccumulatedLosses2023-12-3104953161ns5:RetainedEarningsAccumulatedLosses2022-12-3104953161ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3104953161ns5:PlantMachinery2023-01-012023-12-3104953161ns5:FurnitureFittings2023-01-012023-12-3104953161ns5:MotorVehicles2023-01-012023-12-3104953161ns5:ComputerEquipment2023-01-012023-12-3104953161ns5:LandBuildings2022-12-3104953161ns5:PlantMachinery2022-12-3104953161ns5:LandBuildings2023-01-012023-12-3104953161ns5:LandBuildings2023-12-3104953161ns5:PlantMachinery2023-12-3104953161ns5:LandBuildings2022-12-3104953161ns5:PlantMachinery2022-12-3104953161ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104953161ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104953161ns5:Non-currentFinancialInstruments2023-01-012023-12-3104953161ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04953161 (England and Wales)















DALGARNO LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALGARNO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J A Dalgarno
M R Dalgarno





REGISTERED OFFICE: The Paper House
Kenworthy Road
Stafford
Staffordshire
ST16 3DY





REGISTERED NUMBER: 04953161 (England and Wales)

DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 409,407 421,452

CURRENT ASSETS
Stocks 439,000 439,000
Debtors 5 39,798 121,273
Cash at bank and in hand 229,055 180,785
707,853 741,058
CREDITORS
Amounts falling due within one year 6 (150,035 ) (180,064 )
NET CURRENT ASSETS 557,818 560,994
TOTAL ASSETS LESS CURRENT LIABILITIES 967,225 982,446

CREDITORS
Amounts falling due after more than one
year

7

(124,951

)

(126,692

)

PROVISIONS FOR LIABILITIES (3,088 ) (3,109 )
NET ASSETS 839,186 852,645

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 839,176 852,635
SHAREHOLDERS' FUNDS 839,186 852,645

DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





M R Dalgarno - Director


DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Dalgarno Limited is a private company, limited by shares , registered in England and Wales. 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 FRS 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sales of artist materials and writing instruments are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

Debtors and creditors receivable / payable with one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 524,217 69,167 593,384
Additions - 806 806
Disposals - (372 ) (372 )
At 31 December 2023 524,217 69,601 593,818
DEPRECIATION
At 1 January 2023 115,253 56,679 171,932
Charge for year 10,484 2,367 12,851
Eliminated on disposal - (372 ) (372 )
At 31 December 2023 125,737 58,674 184,411
NET BOOK VALUE
At 31 December 2023 398,480 10,927 409,407
At 31 December 2022 408,964 12,488 421,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,610 117,626
Prepayments and accrued income 4,188 3,647
39,798 121,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,813 85,280
Tax 22,824 30,962
Social security and other taxes 823 646
VAT 34,699 55,390
Other creditors 1,290 1,169
Accruals and deferred income 10,586 6,617
150,035 180,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' current accounts 124,951 126,692

DALGARNO LIMITED (REGISTERED NUMBER: 04953161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Directors' current accounts includes aggregate amounts of £124,948 which fall due after five years and are
repayable other than by instalments. (2022 - £126,690).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10