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REGISTERED NUMBER: SC674290 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

DIVERSE CONTRACTS & SHOP FITTERS LIMITED

DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIVERSE CONTRACTS & SHOP FITTERS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: I Nugent





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC674290 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,776 12,193

CURRENT ASSETS
Stocks 599,575 364,623
Debtors 5 68,837 101,558
Cash at bank 1,266 35,113
669,678 501,294
CREDITORS
Amounts falling due within one year 6 675,810 521,695
NET CURRENT LIABILITIES (6,132 ) (20,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,644

(8,208

)

CREDITORS
Amounts falling due after more than one year 7 4,861 1,556
NET ASSETS/(LIABILITIES) 3,783 (9,764 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,782 (9,765 )
3,783 (9,764 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)

BALANCE SHEET - continued
30 September 2023


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 director and authorised for issue on 3 December 2024 and were signed by:





I Nugent - Director


DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Diverse Contracts & Shop Fitters 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.

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.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

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 15 (2022 - 15 ) .

DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 20,179 995 21,174
Additions 10,500 - 10,500
At 30 September 2023 30,679 995 31,674
DEPRECIATION
At 1 October 2022 8,510 471 8,981
Charge for year 7,669 248 7,917
At 30 September 2023 16,179 719 16,898
NET BOOK VALUE
At 30 September 2023 14,500 276 14,776
At 30 September 2022 11,669 524 12,193

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 10,833
Additions 10,500
At 30 September 2023 21,333
DEPRECIATION
At 1 October 2022 3,837
Charge for year 5,333
At 30 September 2023 9,170
NET BOOK VALUE
At 30 September 2023 12,163
At 30 September 2022 6,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 63,604 99,772
Other debtors 5,233 1,786
68,837 101,558

DIVERSE CONTRACTS & SHOP FITTERS LIMITED (REGISTERED NUMBER: SC674290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 4,472 2,667
Trade creditors 199,731 152,424
Taxation and social security 258,420 209,723
Other creditors 213,187 156,881
675,810 521,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 4,861 1,556

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Hire purchase contracts 9,333 4,223