Silverfin false false 31/01/2024 01/02/2023 31/01/2024 I Dalziel 21/03/2023 L R Main-Dalziel 19/01/2023 15 October 2024 The principal activity of the Company during the financial year is that of a holding company. SC608413 2024-01-31 SC608413 bus:Director1 2024-01-31 SC608413 bus:Director2 2024-01-31 SC608413 2023-01-31 SC608413 core:ShareCapital 2024-01-31 SC608413 core:ShareCapital 2023-01-31 SC608413 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC608413 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC608413 core:CostValuation 2023-01-31 SC608413 core:CostValuation 2024-01-31 SC608413 bus:OrdinaryShareClass1 2024-01-31 SC608413 bus:OrdinaryShareClass2 2024-01-31 SC608413 2023-02-01 2024-01-31 SC608413 bus:FilletedAccounts 2023-02-01 2024-01-31 SC608413 bus:SmallEntities 2023-02-01 2024-01-31 SC608413 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC608413 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC608413 bus:Director1 2023-02-01 2024-01-31 SC608413 bus:Director2 2023-02-01 2024-01-31 SC608413 2022-02-01 2023-01-31 SC608413 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC608413 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 SC608413 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 SC608413 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC608413 (Scotland)

DECAL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

DECAL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

DECAL HOLDINGS LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2024
DECAL HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,757,854 1,757,854
1,757,854 1,757,854
Current assets
Cash at bank and in hand 0 50,018
0 50,018
Net current assets 0 50,018
Total assets less current liabilities 1,757,854 1,807,872
Net assets 1,757,854 1,807,872
Capital and reserves
Called-up share capital 4 150,000 150,000
Profit and loss account 1,607,854 1,657,872
Total shareholder's funds 1,757,854 1,807,872

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Decal Holdings Limited (registered number: SC608413) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

L R Main-Dalziel
Director
DECAL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
DECAL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Decal Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 13 Carlyle Avenue, Hillington Park, Glasgow, G52 4XX, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Interests in subsidiaries is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 1,757,854 1,757,854

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 1,757,854
At 31 January 2024 1,757,854
Carrying value at 31 January 2024 1,757,854
Carrying value at 31 January 2023 1,757,854

4. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
75,000 Ordinary A shares of £ 1.00 each 75,000 75,000
75,000 Ordinary B shares of £ 1.00 each 75,000 75,000
150,000 150,000