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REGISTERED NUMBER: SC616562 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DC MANAGEMENT (SCOTLAND) LTD

DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DC MANAGEMENT (SCOTLAND) LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mr D Cochrane





REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KAY 2AY





REGISTERED NUMBER: SC616562 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 206 243

CURRENT ASSETS
Debtors 5 33,544 32,016
Cash at bank and in hand 8,678 14,189
42,222 46,205
CREDITORS
Amounts falling due within one year 6 35,825 35,221
NET CURRENT ASSETS 6,397 10,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,603

11,227

CREDITORS
Amounts falling due after more than one
year

7

(5,667

)

(9,667

)

PROVISIONS FOR LIABILITIES (39 ) (46 )
NET ASSETS 897 1,514

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 797 1,414
SHAREHOLDERS' FUNDS 897 1,514

DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)

STATEMENT OF FINANCIAL POSITION - 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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr D Cochrane - Director


DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DC Management (Scotland) 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.


Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicle - 25% on straight line method
Fixture & fittings - 15% on reducing balance method

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.


DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 330 22,605 22,935
DEPRECIATION
At 1 January 2023 87 22,605 22,692
Charge for year 37 - 37
At 31 December 2023 124 22,605 22,729
NET BOOK VALUE
At 31 December 2023 206 - 206
At 31 December 2022 243 - 243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 33,544 32,016

DC MANAGEMENT (SCOTLAND) LTD (REGISTERED NUMBER: SC616562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 7,064 7,064
Trade creditors 250 172
Taxation and social security 24,511 23,985
35,825 35,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,667 9,667

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 1,414
Profit for the year 48,383
Dividends (49,000 )
At 31 December 2023 797

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D Cochrane
Balance outstanding at start of year 27,765 21,015
Amounts advanced 52,007 55,000
Amounts repaid (50,871 ) (48,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,901 27,765