2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC174358 2023-05-01 2024-04-30 SC174358 2024-04-30 SC174358 2023-04-30 SC174358 2022-05-01 2023-04-30 SC174358 2023-04-30 SC174358 2022-04-30 SC174358 core:PlantMachinery 2023-05-01 2024-04-30 SC174358 bus:Director2 2023-05-01 2024-04-30 SC174358 core:LandBuildings 2023-04-30 SC174358 core:PlantMachinery 2023-04-30 SC174358 core:LandBuildings 2024-04-30 SC174358 core:PlantMachinery 2024-04-30 SC174358 core:WithinOneYear 2024-04-30 SC174358 core:WithinOneYear 2023-04-30 SC174358 core:UKTax 2023-05-01 2024-04-30 SC174358 core:UKTax 2022-05-01 2023-04-30 SC174358 core:ShareCapital 2024-04-30 SC174358 core:ShareCapital 2023-04-30 SC174358 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC174358 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC174358 core:LandBuildings 2023-04-30 SC174358 core:PlantMachinery 2023-04-30 SC174358 bus:Director1 2023-05-01 2024-04-30 SC174358 bus:SmallEntities 2023-05-01 2024-04-30 SC174358 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC174358 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC174358 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC174358 bus:FullAccounts 2023-05-01 2024-04-30 SC174358 core:OfficeEquipment 2023-05-01 2024-04-30 SC174358 core:OfficeEquipment 2023-04-30 SC174358 core:OfficeEquipment 2024-04-30
COMPANY REGISTRATION NUMBER: SC174358
Duneland Limited
Filleted Unaudited Financial Statements
30 April 2024
Duneland Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
5,386
5,492
Current assets
Stocks
7
443,509
346,852
Debtors
8
38,129
418
Cash at bank and in hand
133,001
342,551
---------
---------
614,639
689,821
Creditors: amounts falling due within one year
9
( 98,780)
( 45,386)
---------
---------
Net current assets
515,859
644,435
---------
---------
Total assets less current liabilities
521,245
649,927
---------
---------
Net assets
521,245
649,927
---------
---------
Capital and reserves
Called up share capital
337,918
337,918
Profit and loss account
183,327
312,009
---------
---------
Shareholders funds
521,245
649,927
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Duneland Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr A L Walker
Director
Company registration number: SC174358
Duneland Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Findhorn Hive 567 West Whins, The Park, Findhorn, Forres, Moray, IV36 3SH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of serviced plots, goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
20% reducing balance
Office Equipment
-
20% reducing balance
No depreciation was charged on the land held due to land being a non depreciating asset.
Stocks
The balance of stock is work in progress which is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tax on (loss)/profit
Major components of tax (income)/expense
2024
2023
£
£
Current tax:
UK current tax expense
25,711
Adjustments in respect of prior periods
( 25,711)
( 2,176)
--------
--------
Total current tax
( 25,711)
23,535
--------
--------
--------
--------
Tax on (loss)/profit
( 25,711)
23,535
--------
--------
6. Tangible assets
Land
Plant and machinery
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
5,085
4,912
427
10,424
Disposals
( 350)
( 41)
( 391)
-------
-------
----
--------
At 30 April 2024
5,085
4,562
386
10,033
-------
-------
----
--------
Depreciation
At 1 May 2023
4,561
371
4,932
Charge for the year
65
10
75
Disposals
( 326)
( 34)
( 360)
-------
-------
----
--------
At 30 April 2024
4,300
347
4,647
-------
-------
----
--------
Carrying amount
At 30 April 2024
5,085
262
39
5,386
-------
-------
----
--------
At 30 April 2023
5,085
351
56
5,492
-------
-------
----
--------
7. Stocks
2024
2023
£
£
Work in progress
443,509
346,852
---------
---------
8. Debtors
2024
2023
£
£
Other debtors
38,129
418
--------
----
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,467
11,730
Corporation tax
25,711
Other creditors - credit card
132
Other creditors
94,313
7,813
--------
--------
98,780
45,386
--------
--------
10. Related party transactions
Fees of £4,807 (2023 - £3,239) were paid to the directors for work done during the year.