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REGISTERED NUMBER: SC130759 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

W S Dunsire & Sons Limited

W S Dunsire & Sons Limited (Registered number: SC130759)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


W S Dunsire & Sons Limited (Registered number: SC130759)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 287,336 248,085

CURRENT ASSETS
Stocks 425,443 923,442
Debtors 5 140,278 193,254
Cash at bank and in hand 497,621 357,535
1,063,342 1,474,231
CREDITORS
Amounts falling due within one year 6 (384,135 ) (776,693 )
NET CURRENT ASSETS 679,207 697,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,543

945,623

CREDITORS
Amounts falling due after more than one
year

7

(144,184

)

(227,949

)

PROVISIONS FOR LIABILITIES (71,834 ) (61,815 )
NET ASSETS 750,525 655,859

CAPITAL AND RESERVES
Called up share capital 10,002 10,002
Retained earnings 740,523 645,857
750,525 655,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

W S Dunsire & Sons Limited (Registered number: SC130759)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mr C M Dunsire - Director


W S Dunsire & Sons Limited (Registered number: SC130759)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

W S Dunsire & Sons Limited is a private company, limited by shares, domiciled in Scotland, registration number SC130759. The registered office is 40 Birkhill Road, Cambusbarron, Stirling, FK7 9JS.

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.

Turnover
Turnover represents net invoiced sales of goods and services in respect of residential and commercial builders, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

W S Dunsire & Sons Limited (Registered number: SC130759)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 834,987
Additions 105,680
Disposals (10,900 )
At 30 April 2024 929,767
DEPRECIATION
At 1 May 2023 586,902
Charge for year 66,314
Eliminated on disposal (10,785 )
At 30 April 2024 642,431
NET BOOK VALUE
At 30 April 2024 287,336
At 30 April 2023 248,085

W S Dunsire & Sons Limited (Registered number: SC130759)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 173,643
Additions 83,290
Transfer to ownership (93,253 )
At 30 April 2024 163,680
DEPRECIATION
At 1 May 2023 66,175
Charge for year 37,500
Transfer to ownership (51,326 )
At 30 April 2024 52,349
NET BOOK VALUE
At 30 April 2024 111,331
At 30 April 2023 107,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 80,632 120,500
Other debtors 59,646 72,754
140,278 193,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 48,231 39,779
Trade creditors 63,771 438,604
Taxation and social security 140,986 185,399
Other creditors 31,147 12,911
384,135 776,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 109,809 208,333
Hire purchase contracts 34,375 19,616
144,184 227,949

W S Dunsire & Sons Limited (Registered number: SC130759)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES

At the year end, the company was due £43,646 from related parties (2023: £0) and owed related parties £1,429 (2023: £0).