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D. S. DALGLEISH & SON (HAWICK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






D. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

D. S. DALGLEISH & SON (HAWICK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: A S Dalgleish
G S Dalgleish
B S Dalgleish
C S Dalgleish
S Cameron





SECRETARY: A S Dalgleish





REGISTERED OFFICE: 111 Melrose Road
Galashiels
TD1 2BY





REGISTERED NUMBER: SC018122 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

D. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 60,000 60,000

CURRENT ASSETS
Debtors 5 647,647 606,167
Cash at bank 274 179
647,921 606,346
CREDITORS
Amounts falling due within one year 6 74,853 26,070
NET CURRENT ASSETS 573,068 580,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,068

640,276

CAPITAL AND RESERVES
Called up share capital 9,402 9,402
Share premium 4,688 4,688
Retained earnings 618,978 626,186
SHAREHOLDERS' FUNDS 633,068 640,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)

BALANCE SHEET - continued
30TH 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 Income and Retained Earnings has not been delivered.

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




G S Dalgleish - Director



A S Dalgleish - Director


D. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

D. S. Dalgleish & Son (Hawick) 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.

Going concern
The directors have considered the potential impact of ongoing worldwide events on the business and are satisfied that the Company has sufficient cash reserves to meet all financial obligations for the foreseeable future. The Accounts have therefore been prepared on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about D. S. Dalgleish & Son (Hawick) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Financial instruments
Financial assets
Basic financial assets, including trade trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year of less. If not they are presented as non-current liabilities.
Financial liabilities are decolonised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

D. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 60,000
NET BOOK VALUE
At 30th April 2024 60,000
At 30th April 2023 60,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 647,647 606,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,135 25,263
Other creditors 718 807
74,853 26,070

D. S. DALGLEISH & SON (HAWICK) LIMITED (REGISTERED NUMBER: SC018122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 74,135 25,263

The Royal Bank of Scotland PLC hold a floating charge over all property and assets of the company present and future, including any uncalled capital.

8. CONTINGENT LIABILITIES

The company has entered into a corporate guarantee in respect of the group bank overdraft it holds with its subsidiary companies D S Dalgleish & Son (Coldstream) Limited and D S Dalgleish & Son Limited.
At 30 April 2024 the bank overdraft of D S Dalgleish & Son (Coldstream) Limited was £Nil (2023 £Nil).
At 30 April 2024 the bank overdraft of D S Dalgleish & Son Limited was £Nil (2023 £Nil)
All amounts are secured by a standard security over the land and buildings across the group, and by a bond & floating charge over the group's stock.

9. RELATED PARTY DISCLOSURES

A S Dalgleish controls the company.
All directors are also directors of the company's subsidiaries.
C S Dalgleish is the director of Dalgleish Motorcycles Limited.

During the year the following transactions took place between the company and its related parties:

30.4.24 30.04.23
£ £
At the year end the following balances were outstanding:

Owed from group undertakings 647,647 606,167
Owed to group undertakings - -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company and therefore the group is A S Dalgleish, director by virtue of his shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D. S. DALGLEISH & SON (HAWICK) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D. S. Dalgleish & Son (Hawick) Limited for the year ended 30th April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of D. S. Dalgleish & Son (Hawick) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D. S. Dalgleish & Son (Hawick) Limited and state those matters that we have agreed to state to the Board of Directors of D. S. Dalgleish & Son (Hawick) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D. S. Dalgleish & Son (Hawick) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D. S. Dalgleish & Son (Hawick) Limited. You consider that D. S. Dalgleish & Son (Hawick) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D. S. Dalgleish & Son (Hawick) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


14th January 2025