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REGISTERED NUMBER: SC620186 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

D MOODIE & CO (BARRHEAD) LTD

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D MOODIE & CO (BARRHEAD) LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: R M Paton
Mrs A Wishart
R Paton





REGISTERED OFFICE: 39 Cross Arthurlie Street
Barrhead
East Renfrewshire
G78 1QU





REGISTERED NUMBER: SC620186 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

BALANCE SHEET
30 April 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
108,000 Intangible assets 5 90,000
247,089 Tangible assets 6 215,954
355,089 305,954

CURRENT ASSETS
166,179 Debtors 7 169,214
86,783 Cash at bank and in hand 77,552
252,962 246,766
CREDITORS
128,887 Amounts falling due within one year 8 164,098
124,075 NET CURRENT ASSETS 82,668
479,164 TOTAL ASSETS LESS CURRENT
LIABILITIES

388,622

CREDITORS
(188,911 ) Amounts falling due after more than one year 9 (200,147 )

(46,657 ) PROVISIONS FOR LIABILITIES 11 (45,361 )
243,596 NET ASSETS 143,114

CAPITAL AND RESERVES
10,000 Called up share capital 12 10,000
233,596 Retained earnings 133,114
243,596 SHAREHOLDERS' FUNDS 143,114

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

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

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

BALANCE SHEET - continued
30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





R M Paton - Director


D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

D Moodie & Co (Barrhead) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents total income from funeral services arranged for clients and taken place during the year.

Goodwill
Goodwill 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 10% to 15% on reducing balance
Fixtures and fittings - 10% to 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.


D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 180,000
AMORTISATION
At 1 May 2023 72,000
Amortisation for year 18,000
At 30 April 2024 90,000
NET BOOK VALUE
At 30 April 2024 90,000
At 30 April 2023 108,000

6. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor
Totals machinery fittings vehicles
£    £    £    £   
COST
At 1 May 2023 448,097 73,938 19,817 354,342
Additions 32,399 - 3,139 29,260
At 30 April 2024 480,496 73,938 22,956 383,602
DEPRECIATION
At 1 May 2023 201,008 29,311 9,397 162,300
Charge for year 63,534 5,578 2,631 55,325
At 30 April 2024 264,542 34,889 12,028 217,625
NET BOOK VALUE
At 30 April 2024 215,954 39,049 10,928 165,977
At 30 April 2023 247,089 44,627 10,420 192,042

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 293,025
DEPRECIATION
At 1 May 2023
and 30 April 2024 120,384
NET BOOK VALUE
At 30 April 2024 172,641
At 30 April 2023 172,641

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 60,067 88,334
Directors' current accounts 109,147 77,845
169,214 166,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 34,583 53,333
Trade creditors 45,902 34,612
Corporation Tax 73,358 31,057
Social security and other taxes 2,740 3,337
Pension provider 475 452
Accruals and deferred income 7,040 6,096
164,098 128,887

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 5,903 34,167
Other creditors 194,244 154,744
200,147 188,911

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 40,486 87,500

Obligations under hire purchase contracts are secured over the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 45,361 46,657

Deferred
tax
£   
Balance at 1 May 2023 46,657
Provided during year (1,296 )
rate movement
Balance at 30 April 2024 45,361

In respect of accelerated capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
6,500 Ordinary A £1 6,500 6,500
2,000 Ordinary B £1 2,000 2,000
1,500 Ordinary C £1 1,500 1,500
10,000 10,000

D MOODIE & CO (BARRHEAD) LTD (REGISTERED NUMBER: SC620186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R M Paton
Balance outstanding at start of year 25,048 -
Amounts advanced 83,758 92,036
Amounts repaid (90,000 ) (66,988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,806 25,048

R Paton
Balance outstanding at start of year 19,357 -
Amounts advanced 49,408 46,413
Amounts repaid (47,000 ) (27,056 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,765 19,357

Mrs A Wishart
Balance outstanding at start of year 33,440 -
Amounts advanced 106,136 95,428
Amounts repaid (70,000 ) (61,988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,576 33,440

Interest is charged on the loan at 3.5% and has no fixed repayment date.

14. RELATED PARTY DISCLOSURES

At the year end there was an balance of £194,244 (2023: £154,744) due to companies in which the directors were shareholders. This amount was interest free and and had no fixed repayment term.







15. ULTIMATE CONTROLLING PARTY

The controlling party is R M Paton.