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Unaudited Financial Statements for the Year Ended 31 March 2024

for

P. Dunnigan & Son Ltd

P. Dunnigan & Son Ltd (Registered number: SC725565)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. Dunnigan & Son Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Dunnigan
D P Dunnigan





REGISTERED OFFICE: 24 a Mid Street
Bathgate
West Lothian
EH48 1PT





REGISTERED NUMBER: SC725565 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

P. Dunnigan & Son Ltd (Registered number: SC725565)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,388 28,751

CURRENT ASSETS
Stocks 3,619 12,735
Debtors 5 28,664 21,354
Cash at bank and in hand 67,246 44,467
99,529 78,556
CREDITORS
Amounts falling due within one year 6 99,179 84,239
NET CURRENT ASSETS/(LIABILITIES) 350 (5,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,738

23,068

CREDITORS
Amounts falling due after more than one
year

7

17,410

9,831
NET ASSETS 15,328 13,237

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 15,228 13,137
SHAREHOLDERS' FUNDS 15,328 13,237

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.

P. Dunnigan & Son Ltd (Registered number: SC725565)

Balance Sheet - continued
31 March 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 12 June 2024 and were signed on its behalf by:





P Dunnigan - Director


P. Dunnigan & Son Ltd (Registered number: SC725565)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P. Dunnigan & Son Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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 - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

P. Dunnigan & Son Ltd (Registered number: SC725565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 37,510
Additions 14,300
At 31 March 2024 51,810
DEPRECIATION
At 1 April 2023 8,759
Charge for year 10,663
At 31 March 2024 19,422
NET BOOK VALUE
At 31 March 2024 32,388
At 31 March 2023 28,751

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 12,550
Additions 14,300
At 31 March 2024 26,850
DEPRECIATION
At 1 April 2023 3,138
Charge for year 5,928
At 31 March 2024 9,066
NET BOOK VALUE
At 31 March 2024 17,784
At 31 March 2023 9,412

P. Dunnigan & Son Ltd (Registered number: SC725565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,664 11,354
Other debtors 10,000 10,000
28,664 21,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,142 2,510
Trade creditors 10,422 12,091
Taxation and social security 23,481 11,324
Other creditors 60,134 58,314
99,179 84,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 17,410 9,831

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25 "A" ordinary £1 25 25
50 "B" ordinary £1 50 50
25 "C" ordinary £1 25 25
100 100