Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-06-013The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity3truefalsefalse SC420684 2023-06-01 2024-03-31 SC420684 2022-06-01 2023-05-31 SC420684 2024-03-31 SC420684 2023-05-31 SC420684 c:Director1 2023-06-01 2024-03-31 SC420684 c:Director2 2023-06-01 2024-03-31 SC420684 c:RegisteredOffice 2023-06-01 2024-03-31 SC420684 d:PlantMachinery 2023-06-01 2024-03-31 SC420684 d:PlantMachinery 2024-03-31 SC420684 d:PlantMachinery 2023-05-31 SC420684 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 SC420684 d:MotorVehicles 2023-06-01 2024-03-31 SC420684 d:MotorVehicles 2024-03-31 SC420684 d:MotorVehicles 2023-05-31 SC420684 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 SC420684 d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 SC420684 d:CurrentFinancialInstruments 2024-03-31 SC420684 d:CurrentFinancialInstruments 2023-05-31 SC420684 d:Non-currentFinancialInstruments 2024-03-31 SC420684 d:Non-currentFinancialInstruments 2023-05-31 SC420684 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC420684 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC420684 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC420684 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC420684 d:ShareCapital 2024-03-31 SC420684 d:ShareCapital 2023-05-31 SC420684 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC420684 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC420684 c:OrdinaryShareClass1 2023-06-01 2024-03-31 SC420684 c:OrdinaryShareClass1 2024-03-31 SC420684 c:OrdinaryShareClass1 2023-05-31 SC420684 c:FRS102 2023-06-01 2024-03-31 SC420684 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 SC420684 c:FullAccounts 2023-06-01 2024-03-31 SC420684 c:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 SC420684 e:PoundSterling 2023-06-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC420684










DARNFORD CONTRACTING LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
DARNFORD CONTRACTING LIMITED
 

COMPANY INFORMATION


DIRECTORS
A Watson 
D Watson 




REGISTERED NUMBER
SC420684



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
DARNFORD CONTRACTING LIMITED
REGISTERED NUMBER: SC420684

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 May
2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
689,983
603,205

Investments
 5 
50
50

  
690,033
603,255

CURRENT ASSETS
  

Stocks
  
2,996
947

Debtors: amounts falling due within one year
 6 
634,098
562,887

Cash at bank and in hand
  
-
1,542

  
637,094
565,376

Creditors: amounts falling due within one year
 7 
(213,086)
(153,895)

NET CURRENT ASSETS
  
 
 
424,008
 
 
411,481

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,114,041
1,014,736

Creditors: amounts falling due after more than one year
 8 
(96,182)
(86,775)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(172,496)
(150,801)

  
 
 
(172,496)
 
 
(150,801)

NET ASSETS
  
845,363
777,160


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
845,263
777,060

  
845,363
777,160


Page 1

 
DARNFORD CONTRACTING LIMITED
REGISTERED NUMBER: SC420684

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.




A Watson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DARNFORD CONTRACTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Darnford Contracting Limited is a private limited company, limited by shares, incorporated in Scotland.  The registered office is Wesby, 64 West High Street, Forfar, Angus, DD8 1BJ.  The trading address is Darnford Farm, Durris, Banchory, AB31 6DJ and the Company's registration number is SC420684. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
DARNFORD CONTRACTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.


Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
DARNFORD CONTRACTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


EMPLOYEES

2024
2023
£
£

Wages and salaries
-
15,049

Cost of defined contribution scheme
-
302

-
15,351


The average monthly number of employees, including the directors, during the period was as follows:


        2024
        2023
            No.
            No.







Employees
3
3


4.


TANGIBLE FIXED ASSETS







Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 June 2023
1,029,777
3,853
1,033,630


Additions
182,946
-
182,946


Disposals
(48,500)
-
(48,500)



At 31 March 2024

1,164,223
3,853
1,168,076



DEPRECIATION


At 1 June 2023
428,348
2,077
430,425


Charge for the period on owned assets
80,072
370
80,442


Disposals
(32,774)
-
(32,774)



At 31 March 2024

475,646
2,447
478,093



NET BOOK VALUE



At 31 March 2024
688,577
1,406
689,983



At 31 May 2023
601,429
1,776
603,205

Page 5

 
DARNFORD CONTRACTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


FIXED ASSET INVESTMENTS








Trade investments

£





At 1 June 2023
50





6.


DEBTORS

31 March
31 May
2024
2023
£
£


Trade debtors
455,263
439,092

Other debtors
178,835
123,795

634,098
562,887



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
31 May
2024
2023
£
£

Bank overdrafts
391
-

Other loans
10,000
10,000

Trade creditors
10,637
13,870

Obligations under finance lease and hire purchase contracts
91,069
41,206

Other creditors
100,989
88,819

213,086
153,895



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31 March
31 May
2024
2023
£
£

Bank loans
19,229
27,500

Net obligations under finance leases and hire purchase contracts
76,953
59,275

96,182
86,775


Page 6

 
DARNFORD CONTRACTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


SHARE CAPITAL

31 March
31 May
2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7