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REGISTERED NUMBER: SC261995 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DEREK DONALDSON JOINERS LIMITED

DEREK DONALDSON JOINERS LIMITED (REGISTERED NUMBER: SC261995)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

DEREK DONALDSON JOINERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D Donaldson
Mrs J Donaldson





SECRETARY: Mrs J Donaldson





REGISTERED OFFICE: 72 Lesmahagow Road
Boghead
Lanarkshire
ML11 0JA





REGISTERED NUMBER: SC261995 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

DEREK DONALDSON JOINERS LIMITED (REGISTERED NUMBER: SC261995)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,809 115,527
Investments 5 - -
114,809 115,527

CURRENT ASSETS
Debtors 6 1,927 1,127
Cash at bank 249,529 266,684
251,456 267,811
CREDITORS
Amounts falling due within one year 7 27,546 41,560
NET CURRENT ASSETS 223,910 226,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,719

341,778

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 338,717 341,776
SHAREHOLDERS' FUNDS 338,719 341,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 19 November 2024 and were signed on its behalf by:




D Donaldson - Director


DEREK DONALDSON JOINERS LIMITED (REGISTERED NUMBER: SC261995)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Derek Donaldson Joiners Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DEREK DONALDSON JOINERS LIMITED (REGISTERED NUMBER: SC261995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 111,935 10,746 1,085 3,679 127,445
DEPRECIATION
At 1 April 2023 - 8,260 1,004 2,654 11,918
Charge for year - 497 16 205 718
At 31 March 2024 - 8,757 1,020 2,859 12,636
NET BOOK VALUE
At 31 March 2024 111,935 1,989 65 820 114,809
At 31 March 2023 111,935 2,486 81 1,025 115,527

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Lanarkshire Joinery Services Limited
Registered office: 72 Lesmahagow Road, Lesmahagow, Lanarkshire, ML11 0JA
Nature of business: Construction
%
Class of shares: holding
31.3.24 31.3.23
£    £   
Profit for the year 147,852 53,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 500 -
Other debtors 1,427 1,127
1,927 1,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,078
Taxation and social security 7,110 27,178
Other creditors 20,436 13,304
27,546 41,560

DEREK DONALDSON JOINERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
DEREK DONALDSON JOINERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................