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D S DALGLEISH & SON (COLDSTREAM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)






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 9

D S DALGLEISH & SON (COLDSTREAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







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





SECRETARY: A S Dalgleish





REGISTERED OFFICE: 111 Melrose Road
Galashiels
TD1 2BY





REGISTERED NUMBER: SC160703 (Scotland)





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

D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562,811 556,081

CURRENT ASSETS
Stocks 834,430 625,045
Debtors 5 219,232 261,708
Cash at bank and in hand 266,049 197,547
1,319,711 1,084,300
CREDITORS
Amounts falling due within one year 6 940,355 722,177
NET CURRENT ASSETS 379,356 362,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

942,167

918,204

CREDITORS
Amounts falling due after more than one
year

7

(3,682

)

-

PROVISIONS FOR LIABILITIES 10 (5,262 ) (4,161 )
NET ASSETS 933,223 914,043

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Undistributable reserves 206,582 206,582
Retained earnings 676,641 657,461
SHAREHOLDERS' FUNDS 933,223 914,043

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 (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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 (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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

1. STATUTORY INFORMATION

D S Dalgleish & Son (Coldstream) 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.

The company has cross company guarantees with the parent company, D S Dalgleish & Son (Hawick) Limited and D S Dalgleish & Son Limited. As a consequence, the directors believe that the company is able to manage its business risks successfully despite the current uncertain economic outlook.

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 (Coldstream) 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.

Turnover
Turnover represents the invoiced value of sales of new and used vehicles and from the servicing and repairs of vehicles, net of value added tax.

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.
Freehold property - 4% on cost
Fixed Plant - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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

2. ACCOUNTING POLICIES - continued

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.

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.

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 21 (2023 - 20 ) .

D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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

4. TANGIBLE FIXED ASSETS
Freehold Fixed Plant and
property Plant machinery
£    £    £   
COST
At 1st May 2023 533,195 112,316 113,078
Additions - 1,115 13,363
At 30th April 2024 533,195 113,431 126,441
DEPRECIATION
At 1st May 2023 - 109,725 103,262
Charge for year - 1,258 6,138
At 30th April 2024 - 110,983 109,400
NET BOOK VALUE
At 30th April 2024 533,195 2,448 17,041
At 30th April 2023 533,195 2,591 9,816

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st May 2023 36,000 42,197 836,786
Additions 2,457 567 17,502
At 30th April 2024 38,457 42,764 854,288
DEPRECIATION
At 1st May 2023 31,624 36,094 280,705
Charge for year 1,708 1,668 10,772
At 30th April 2024 33,332 37,762 291,477
NET BOOK VALUE
At 30th April 2024 5,125 5,002 562,811
At 30th April 2023 4,376 6,103 556,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,803 227,463
Other debtors 37,429 34,245
219,232 261,708

D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases (see note 8) 3,682 -
Trade creditors 281,939 309,113
Taxation and social security 40,093 43,521
Other creditors 614,641 369,543
940,355 722,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Finance leases (see note 8) 3,682 -

8. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 3,682 -
Between one and five years 3,682 -
7,364 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Consignment Stock - 104,182

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

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,262 4,161

D S DALGLEISH & SON (COLDSTREAM) LIMITED (REGISTERED NUMBER: SC160703)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st May 2023 4,161
Provided during year 1,101
Balance at 30th April 2024 5,262

11. CONTINGENT LIABILITIES

The company has entered into an unlimited cross guarantee in respect of its own bank overdraft and the bank overdraft of its fellow subsidiary D S Dalgleish & Son Limited with their parent company D S Dalgleish & Son (Hawick) Limited.
D S Dalgleish & Son (Hawick) Limited had an overdraft of £74,135 at this year end (2023 £25,263). The overdraft of D S Dalgleish & Son Ltd was £Nil (2023 £Nil).
All amounts are secured by a fixed charge over the land and buildings owned by the companies, and by a bond and floating charge over the remaining assets of the company.

12. RELATED PARTY DISCLOSURES

A S Dalgleish controls the company through his shareholding in the company's parent company, D S Dalgleish & Son (Hawick) Limited, a company incorporated in Scotland.
All the directors are also directors of the company's fellow subsidiary, D S Dalgleish & Son Limited, and of the parent company.
C S Dalgleish is the director of Dalgleish Motorcycles Limited.



30.04.24


30.04.23
£ £
At the year end the following balances were outstanding,

Owed from group undertakings 7,069 1,416
Owed from Dalgleish Motorcycles Limited - 0
Owed to group undertakings 261,298 243,528

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D S DALGLEISH & SON (COLDSTREAM) 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 (Coldstream) 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 (Coldstream) 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 (Coldstream) Limited and state those matters that we have agreed to state to the Board of Directors of D S Dalgleish & Son (Coldstream) 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 (Coldstream) 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 (Coldstream) Limited. You consider that D S Dalgleish & Son (Coldstream) 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 (Coldstream) 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