2023-06-012024-05-312024-05-31falseSC450460DALBEATH FINANCIAL PLANNING 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DALBEATH FINANCIAL PLANNING LTD

Registered Number
SC450460
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2024

DALBEATH FINANCIAL PLANNING LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

W A Cochran
M J Harris

Registered Address

Hudson House
8 Albany Street
Edinburgh
EH1 3QB

Place of Business

203 High Street

Boston Spa

LS23 6AA


Registered Number

SC450460 (Scotland)
DALBEATH FINANCIAL PLANNING LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3231308
231308
Current assets
Debtors51911,864
Current asset investments541,171407,163
Cash at bank and on hand122,581223,183
664,271642,210
Creditors amounts falling due within one year4(4,086)(1,957)
Net current assets (liabilities)660,185640,253
Total assets less current liabilities660,416640,561
Provisions for liabilities5(3,350)-
Net assets657,066640,561
Capital and reserves
Called up share capital100100
Revaluation reserve19,686-
Profit and loss account637,280640,461
Shareholders' funds657,066640,561
The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2024, and are signed on its behalf by:
M J Harris
Director
W A Cochran
Director

Registered Company No. SC450460
DALBEATH FINANCIAL PLANNING LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 23379379
At 31 May 24379379
Depreciation and impairment
At 01 June 237171
Charge for year7777
At 31 May 24148148
Net book value
At 31 May 24231231
At 31 May 23308308
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security2,050-
Other creditors1,028967
Accrued liabilities and deferred income1,008990
Total4,0861,957
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.
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,350-
Total3,350-