DAVIDSON ENGINEERING (SCOTLAND) LTD.

Company Registration Number:
SC483277 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is other engineering activities.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Keith Davidson
Roy Davidson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 September 2024

And signed on behalf of the board by:
Name: Keith Davidson
Status: Director

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 6,551 8,735
Investments: 4 238,232 238,232
Total fixed assets: 244,783 246,967
Current assets
Stocks:   0 0
Debtors: 5 0 197
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 197
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 182,572 ) ( 150,699 )
Net current assets (liabilities): (182,572) (150,502)
Total assets less current liabilities: 62,211 96,465
Creditors: amounts falling due after more than one year: 7 ( 56,309 ) ( 65,721 )
Provision for liabilities: ( 3,744 ) ( 3,744 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,158 27,000
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,058 26,900
Total Shareholders' funds: 2,158 27,000

The notes form part of these financial statements

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Roy Davidson
Status: Director

The notes form part of these financial statements

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Plant & Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance

    Valuation information and policy

    Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 29,838 0 0 25,637 55,475
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2023 0 29,838 0 0 25,637 55,475
Depreciation
At 1 January 2023 0 24,383 0 0 22,357 46,740
Charge for year 0 1,364 0 0 820 2,184
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2023 0 25,747 0 0 23,177 48,924
Net book value
At 31 December 2023 0 4,091 0 0 2,460 6,551
At 31 December 2022 0 5,455 0 0 3,280 8,735

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Investment properties are being carried at fair value and the directors are of the opinion that cost is a fair value of the properties.

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 197
Total 0 197
Debtors due after more than one year: 0 0

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 36,896 27,221
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 30 30
Accruals and deferred income 1,400 2,940
Other creditors 144,246 120,508
Total 182,572 150,699

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 56,309 65,721
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 56,309 65,721

DAVIDSON ENGINEERING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.