Registered number
SC353512
D S CARRIERS LTD
Filleted Accounts
31 January 2025
D S CARRIERS LTD
Registered number: SC353512
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 231,167 168,154
Current assets
Debtors 4 16,801 16,404
Cash at bank and in hand 122,924 231,253
139,725 247,657
Creditors: amounts falling due within one year 5 (28,484) (43,636)
Net current assets 111,241 204,021
Total assets less current liabilities 342,408 372,175
Creditors: amounts falling due after more than one year 6 (2,114) (8,900)
Provisions for liabilities (6,393) (10,979)
Net assets 333,901 352,296
Capital and reserves
Called up share capital 6 6
Profit and loss account 333,895 352,290
Shareholder's funds 333,901 352,296
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sean Strathearn
Director
Approved by the board on 5 March 2025
D S CARRIERS LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 15% of cost
Motor vehicles 20% of cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 131,442 31,849 108,090 271,381
Additions 85,700 - - 85,700
At 31 January 2025 217,142 31,849 108,090 357,081
Depreciation
At 1 February 2024 7,204 27,527 68,496 103,227
Charge for the year 4,343 952 17,392 22,687
At 31 January 2025 11,547 28,479 85,888 125,914
Net book value
At 31 January 2025 205,595 3,370 22,202 231,167
At 31 January 2024 124,238 4,322 39,594 168,154
4 Debtors 2025 2024
£ £
Trade debtors 16,801 16,404
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 6,252 5,100
Trade creditors 1,869 19,022
Taxation and social security costs 15,061 15,509
Other creditors 5,302 4,005
28,484 43,636
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,114 8,900
7 Other information
D S CARRIERS LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
C/O Connolly Accountants
188 Woodhill Road
Bishopbriggs
Glasgow
G64 1DW
D S CARRIERS LTD SC353512 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts July 2024 Sean Strathearn No description of principal activity SC353512 2023-02-01 2024-01-31 SC353512 core:WithinOneYear 2024-01-31 SC353512 core:AfterOneYear 2024-01-31 SC353512 core:ShareCapital 2024-01-31 SC353512 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC353512 2024-02-01 2025-01-31 SC353512 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC353512 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC353512 bus:Director40 2024-02-01 2025-01-31 SC353512 1 2024-02-01 2025-01-31 SC353512 2 2024-02-01 2025-01-31 SC353512 core:LandBuildings 2024-02-01 2025-01-31 SC353512 core:PlantMachinery 2024-02-01 2025-01-31 SC353512 core:Vehicles 2024-02-01 2025-01-31 SC353512 countries:England 2024-02-01 2025-01-31 SC353512 bus:FRS102 2024-02-01 2025-01-31 SC353512 bus:FilletedAccounts 2024-02-01 2025-01-31 SC353512 2025-01-31 SC353512 core:WithinOneYear 2025-01-31 SC353512 core:AfterOneYear 2025-01-31 SC353512 core:ShareCapital 2025-01-31 SC353512 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC353512 core:LandBuildings 2025-01-31 SC353512 core:PlantMachinery 2025-01-31 SC353512 core:Vehicles 2025-01-31 SC353512 2024-01-31 SC353512 core:LandBuildings 2024-01-31 SC353512 core:PlantMachinery 2024-01-31 SC353512 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure