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REGISTERED NUMBER: SC311596 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Diverse Investments Scotland Ltd

Diverse Investments Scotland Ltd (Registered number: SC311596)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

Diverse Investments Scotland Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M P McLindon
W M Neilson
Mrs M L McLindon
Miss G Roarty





REGISTERED OFFICE: 22 Albert Street
Motherwell
ML1 1PR





REGISTERED NUMBER: SC311596 (Scotland)





ACCOUNTANTS: Steven Jack
30 Kings Drive
Motherwell
ML1 4HZ

Diverse Investments Scotland Ltd (Registered number: SC311596)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,301,350 3,889,117

CURRENT ASSETS
Debtors 5 1,651,319 1,147,811
Cash at bank and in hand 244,207 742,514
1,895,526 1,890,325
CREDITORS
Amounts falling due within one year 6 1,753,950 1,538,055
NET CURRENT ASSETS 141,576 352,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,442,926

4,241,387

CREDITORS
Amounts falling due after more than
one year

7

(823,091

)

(773,483

)

PROVISIONS FOR LIABILITIES (626,061 ) (633,227 )
NET ASSETS 2,993,774 2,834,677

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 2,993,668 2,834,571
2,993,774 2,834,677

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.

Diverse Investments Scotland Ltd (Registered number: SC311596)

Statement of Financial Position - 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 30 January 2025 and were signed on its behalf by:




M P McLindon - Director



W M Neilson - Director


Diverse Investments Scotland Ltd (Registered number: SC311596)

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

1. STATUTORY INFORMATION

Diverse Investments Scotland 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements
The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

The company has made estimates when accounting for various provisions such as bad debts or stock provisions. These estimates are a reflection of what the company believes to be realistic at that given time.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance


Diverse Investments Scotland Ltd (Registered number: SC311596)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 62 ) .

Diverse Investments Scotland Ltd (Registered number: SC311596)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 25,429 5,687,529 12,174
Additions - 991,389 -
Disposals - (52,000 ) -
At 30 April 2024 25,429 6,626,918 12,174
DEPRECIATION
At 1 May 2023 4,717 1,939,552 8,844
Charge for year 1,036 548,323 714
At 30 April 2024 5,753 2,487,875 9,558
NET BOOK VALUE
At 30 April 2024 19,676 4,139,043 2,616
At 30 April 2023 20,712 3,747,977 3,330

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 166,179 21,119 5,912,430
Additions 58,348 - 1,049,737
Disposals - - (52,000 )
At 30 April 2024 224,527 21,119 6,910,167
DEPRECIATION
At 1 May 2023 60,280 9,920 2,023,313
Charge for year 32,850 2,581 585,504
At 30 April 2024 93,130 12,501 2,608,817
NET BOOK VALUE
At 30 April 2024 131,397 8,618 4,301,350
At 30 April 2023 105,899 11,199 3,889,117

Diverse Investments Scotland Ltd (Registered number: SC311596)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,208,186 1,043,576
Other debtors 441,105 104,235
No description 2,028 -
1,651,319 1,147,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 632,285 691,708
Hire purchase contracts 553,368 517,573
Trade creditors 492,961 268,508
Social security and other taxes 4,087 13,141
VAT 41,249 24,900
Credit cards 16,798 6,909
Other creditors - 7,460
Directors' current accounts 9,952 -
Directors' loan accounts - 4,606
Accrued expenses 3,250 3,250
1,753,950 1,538,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 12,560 42,461
Hire purchase contracts 810,531 731,022
823,091 773,483

Diverse Investments Scotland Ltd

Report of the Accountants to the Directors of
Diverse Investments Scotland Ltd

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Steven Jack
30 Kings Drive
Motherwell
ML1 4HZ


Date: .............................................