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REGISTERED NUMBER: SC460334 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Drummond Laurie Limited

Drummond Laurie Limited (Registered number: SC460334)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Drummond Laurie Limited (Registered number: SC460334)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 178,753 -
Tangible assets 5 80,808 47,345
259,561 47,345

CURRENT ASSETS
Debtors 6 676,012 674,490
Cash at bank 460,529 486,143
1,136,541 1,160,633
CREDITORS
Amounts falling due within one year 7 (825,231 ) (755,365 )
NET CURRENT ASSETS 311,310 405,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,871

452,613

PROVISIONS FOR LIABILITIES (20,202 ) (11,837 )
NET ASSETS 550,669 440,776

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 450,669 340,776
550,669 440,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Drummond Laurie Limited (Registered number: SC460334)

Balance Sheet - continued
30 September 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 13 January 2025 and were signed on its behalf by:





Mr I Bilsland - Director


Drummond Laurie Limited (Registered number: SC460334)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Drummond Laurie Limited is a private company, limited by shares, domiciled in Scotland, registration number SC460334. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

Turnover
Turnover represents the fair value of professional services provided during the year to clients. Turnover is recognised as contract activity and the right to consideration earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent, skills and expertise provided, excluding VAT. Turnover which has been recognised but not invoiced by the balance sheet date is included within debtors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.


Drummond Laurie Limited (Registered number: SC460334)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 54 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 186,525
At 30 September 2024 186,525
AMORTISATION
Charge for year 7,772
At 30 September 2024 7,772
NET BOOK VALUE
At 30 September 2024 178,753

Drummond Laurie Limited (Registered number: SC460334)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 198,056
Additions 75,105
Disposals (154,402 )
At 30 September 2024 118,759
DEPRECIATION
At 1 October 2023 150,711
Charge for year 41,642
Eliminated on disposal (154,402 )
At 30 September 2024 37,951
NET BOOK VALUE
At 30 September 2024 80,808
At 30 September 2023 47,345

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 609,105 540,455
Amounts recoverable on contract 48,050 93,350
Other debtors 18,857 40,685
676,012 674,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 71,118 55,812
Taxation and social security 279,160 255,930
Other creditors 474,953 443,623
825,231 755,365

8. ULTIMATE PARENT ENTITY

The company's ultimate parent company is Drummond Laurie (Holdings) Limited, a company registered in Scotland. The financial statements of Drummond Laurie (Holdings) Limited can be obtained from Companies House and its registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.