Registered number
SC592128
Dorwin MG Ltd
Filleted Accounts
31 March 2024
Dorwin MG Ltd
Registered number: SC592128
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,631 8,737
Current assets
Debtors 4 8,137 6,739
Cash at bank and in hand 37,270 49,360
45,407 56,099
Creditors: amounts falling due within one year 5 (4,182) (6,688)
Net current assets 41,225 49,411
Total assets less current liabilities 58,856 58,148
Creditors: amounts falling due after more than one year 6 5,295 (26,137)
Net assets 64,151 32,011
Capital and reserves
Profit and loss account 64,151 32,011
Shareholder's funds 64,151 32,011
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Haston
Director
Approved by the board on 18 September 2024
Dorwin MG Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 4,032 16,750 20,782
Additions - 14,400 14,400
Disposals - (5,750) (5,750)
At 31 March 2024 4,032 25,400 29,432
Depreciation
At 1 April 2023 1,755 10,290 12,045
Charge for the year 455 3,455 3,910
On disposals - (4,154) (4,154)
At 31 March 2024 2,210 9,591 11,801
Net book value
At 31 March 2024 1,822 15,809 17,631
At 31 March 2023 2,277 6,460 8,737
4 Debtors 2024 2023
£ £
Trade debtors 4,933 3,535
Other debtors 3,204 3,204
8,137 6,739
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 921 -
Trade creditors (1,309) (2,200)
Corporation tax 4,516 4,513
Other taxes and social security costs 53 4,375
Other creditors 1 -
4,182 6,688
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account (23,306) 354
Bank loans 18,011 25,783
(5,295) 26,137
7 Other information
Dorwin MG Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
No. 1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
Dorwin MG Ltd SC592128 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 M Haston No description of principal activity SC592128 2022-04-01 2023-03-31 SC592128 core:WithinOneYear 2023-03-31 SC592128 core:AfterOneYear 2023-03-31 SC592128 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC592128 2023-04-01 2024-03-31 SC592128 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC592128 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC592128 bus:Director40 2023-04-01 2024-03-31 SC592128 1 2023-04-01 2024-03-31 SC592128 2 2023-04-01 2024-03-31 SC592128 core:PlantMachinery 2023-04-01 2024-03-31 SC592128 core:Vehicles 2023-04-01 2024-03-31 SC592128 countries:England 2023-04-01 2024-03-31 SC592128 bus:FRS102 2023-04-01 2024-03-31 SC592128 bus:FilletedAccounts 2023-04-01 2024-03-31 SC592128 2024-03-31 SC592128 core:WithinOneYear 2024-03-31 SC592128 core:AfterOneYear 2024-03-31 SC592128 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC592128 core:PlantMachinery 2024-03-31 SC592128 core:Vehicles 2024-03-31 SC592128 2023-03-31 SC592128 core:PlantMachinery 2023-03-31 SC592128 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure