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REGISTERED NUMBER: SC027260 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIVINE & GIBSON LIMITED

DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)






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


DIVINE & GIBSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Murray Liddle
Diane Elizabeth Liddle



SECRETARY: Murray Liddle



REGISTERED OFFICE: 4 Corsehill Place
Ayr
KA7 2SU



REGISTERED NUMBER: SC027260 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG



BANKERS: Bank of Scotland
57 Dockhead Street
Saltcoats
Ayrshire
KA21 5EY

DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,870 84,658
Investments 5 1,303,119 1,237,675
1,384,989 1,322,333

CURRENT ASSETS
Debtors 6 1,138 713
Cash at bank 16,002 18,139
17,140 18,852
CREDITORS
Amounts falling due within one year 7 21,436 19,363
NET CURRENT LIABILITIES (4,296 ) (511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,380,693

1,321,822

PROVISIONS FOR LIABILITIES 36,008 7,673
NET ASSETS 1,344,685 1,314,149

CAPITAL AND RESERVES
Called up share capital 9 460 460
Other reserves 22,276 22,276
Retained earnings 1,321,949 1,291,413
SHAREHOLDERS' FUNDS 1,344,685 1,314,149

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.

DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)

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 22 November 2024 and were signed on its behalf by:





Murray Liddle - Director


DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)

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

1. STATUTORY INFORMATION

Divine & Gibson 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Computer equipment - 15% 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.

Investments
Fixed and current asset investments are valued at market value. For listed investments, market value is based on the closing mid-market price on a recognised stock exchange.

3. EMPLOYEES AND DIRECTORS

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

DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 135,754 1,300 137,054
DEPRECIATION
At 1 April 2023 51,585 811 52,396
Charge for year 2,715 73 2,788
At 31 March 2024 54,300 884 55,184
NET BOOK VALUE
At 31 March 2024 81,454 416 81,870
At 31 March 2023 84,169 489 84,658

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 1,237,675
Additions 343,972
Disposals (349,462 )
Revaluations 70,934
At 31 March 2024 1,303,119
NET BOOK VALUE
At 31 March 2024 1,303,119
At 31 March 2023 1,237,675

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,303,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,138 713

DIVINE & GIBSON LIMITED (REGISTERED NUMBER: SC027260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 15,706 13,673
Other creditors 5,730 5,690
21,436 19,363

8. SECURED DEBTS

The bank overdraft facilities are secured by a bond and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
456 Ordinary £1 456 456
4 Ordinary 'A' to 'D' £1 4 4
460 460

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Liddle family.

Directors Murray Liddle, his wife Diane Liddle and their sons Scott Liddle and Christopher Liddle exercise immediate and ultimate control of the company as they hold the entire issued share capital between them.