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REGISTERED NUMBER: SC532013 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

Denny Engraving Ltd

Denny Engraving Ltd (Registered number: SC532013)






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


Denny Engraving Ltd

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: R A Marshall
Mrs J Marshall





REGISTERED OFFICE: 9 Glasgow Road
Paisley
PA1 3QS





REGISTERED NUMBER: SC532013 (Scotland)





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

Denny Engraving Ltd (Registered number: SC532013)

BALANCE SHEET
30 April 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
6,225 Tangible assets 5 5,004
540,893 Investment property 6 540,893
547,118 545,897

CURRENT ASSETS
3,713 Debtors 7 8,020
42,116 Cash at bank and in hand 21,786
45,829 29,806
CREDITORS
62,940 Amounts falling due within one year 8 62,086
(17,111 ) NET CURRENT LIABILITIES (32,280 )
530,007 TOTAL ASSETS LESS CURRENT
LIABILITIES

513,617

CREDITORS
(376,825 ) Amounts falling due after more than one
year

9

(345,241

)

(19,466 ) PROVISIONS FOR LIABILITIES (18,489 )
133,716 NET ASSETS 149,887

CAPITAL AND RESERVES
1 Called up share capital 12 1
81,307 Fair value reserve 13 81,307
52,408 Retained earnings 13 68,579
133,716 SHAREHOLDERS' FUNDS 149,887

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.

Denny Engraving Ltd (Registered number: SC532013)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





R A Marshall - Director


Denny Engraving Ltd (Registered number: SC532013)

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

1. STATUTORY INFORMATION

Denny Engraving 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 as modified by the revaluation of certain assets.

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
Other income

Rents received are measured at the the rental income due for the accounting period, net of value added tax and are in respect of properties rented to third parties.

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.
Plant & machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost

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 any impairment loss.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date with changes in fair value recognised in profit and loss. Revaluations are conducted annually by the director.


Denny Engraving Ltd (Registered number: SC532013)

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.

Turnover
Other income

Rents received are measured at the the rental income due for the accounting period, net of value added tax and are in respect of properties rented to third parties.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown withing borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and
Totals machinery fittings
£    £    £   
COST
At 1 May 2023 11,067 11,067 -
Additions 502 - 502
At 30 April 2024 11,569 11,067 502
DEPRECIATION
At 1 May 2023 4,842 4,842 -
Charge for year 1,723 1,556 167
At 30 April 2024 6,565 6,398 167
NET BOOK VALUE
At 30 April 2024 5,004 4,669 335
At 30 April 2023 6,225 6,225 -

Denny Engraving Ltd (Registered number: SC532013)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 540,893
NET BOOK VALUE
At 30 April 2024 540,893
At 30 April 2023 540,893

Investment property is valued at fair value by the director R A Marshall.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 540,893

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,693 2,711
Directors' current accounts 3,662 -
Prepayments 1,665 1,002
8,020 3,713

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 21,621 19,325
Trade creditors 168 518
Amounts owed to associates 24,098 23,943
Corporation Tax 3,851 4,119
VAT 2,825 3,208
Directors' current accounts - 1,245
Accruals and deferred income 4,553 5,559
Accrued expenses 4,970 5,023
62,086 62,940

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 245,241 276,825
Directors' loan accounts 100,000 100,000
345,241 376,825

Denny Engraving Ltd (Registered number: SC532013)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 209,648 227,166

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,621 19,325

Amounts falling due between one and two years:
Bank loans - 1-2 years 23,312 19,335

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,281 30,324

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 209,648 227,166

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 266,862 296,150

Atom Bank plc hold securities including a floating charge over all the assets of Denny Engraving Ltd.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

Denny Engraving Ltd (Registered number: SC532013)

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

13. RESERVES
Fair
Retained value
Totals earnings reserve
£    £    £   

At 1 May 2023 133,715 52,408 81,307
Profit for the year 16,171 16,171
At 30 April 2024 149,886 68,579 81,307

14. RELATED PARTY DISCLOSURES

Denny Engraving Ltd owe £24,098 (2023 £23,943) to an associated company.

At the balance sheet date the company owed to the director and his wife, jointly, £100,000 (2023 £100,000). This loan has no fixed date for repayment. Interest is charged at 3.5% per annum.







15. ULTIMATE CONTROLLING PARTY

The controlling party is R A Marshall.