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REGISTERED NUMBER: SC433527 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

D & M Haulage (Mixer Hire) Ltd

D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & M Haulage (Mixer Hire) Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D G Kyle





REGISTERED OFFICE: 1 Whistleberry Road
Hamilton
Lanarkshire
ML3 0EG





REGISTERED NUMBER: SC433527 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 702,529 742,667

CURRENT ASSETS
Stocks 18,150 16,500
Debtors 5 165,150 150,785
Cash at bank 40,657 16,676
223,957 183,961
CREDITORS
Amounts falling due within one year 6 277,202 252,892
NET CURRENT LIABILITIES (53,245 ) (68,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,284

673,736

CREDITORS
Amounts falling due after more than
one year

7

(424,331

)

(538,170

)

PROVISIONS FOR LIABILITIES (57,639 ) (64,772 )
NET ASSETS 167,314 70,794

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,214 70,694
167,314 70,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

Balance Sheet - continued
30 September 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 director and authorised for issue on 11 March 2025 and were signed by:





D G Kyle - Director


D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

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

1. STATUTORY INFORMATION

D & M Haulage (Mixer Hire) 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. 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.


D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 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 NIL (2023 - 7 ).

D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 400,000 1,010,243 1,410,243
Additions - 56,483 56,483
At 30 September 2024 400,000 1,066,726 1,466,726
DEPRECIATION
At 1 October 2023 5,334 662,242 667,576
Charge for year 8,000 88,621 96,621
At 30 September 2024 13,334 750,863 764,197
NET BOOK VALUE
At 30 September 2024 386,666 315,863 702,529
At 30 September 2023 394,666 348,001 742,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 165,150 139,621
Other debtors - 11,164
165,150 150,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 20,919 20,416
Hire purchase contracts 110,613 111,332
Trade creditors 25,114 19,484
Tax 30,994 -
Social security and other taxes 17,735 45,984
VAT 68,930 52,820
Other creditors 238 206
Wages and salaries control 49 -
Accrued expenses 2,610 2,650
277,202 252,892

D & M Haulage (Mixer Hire) Ltd (Registered number: SC433527)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 7,904 9,808
Mortgage - 1-2 years 10,608 10,608
Bank loans - 2-5 years - 8,655
Mortgage - 2-5 years 31,824 31,824
Mortgage - more than 5 years
by installment 187,408 198,016
Hire purchase contracts 129,244 199,348
Directors' loan accounts 57,343 79,911
424,331 538,170

Amounts falling due in more than five years:

Repayable by instalments
Mortgage - more than 5 years
by installment 187,408 198,016
187,408 198,016

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 239,857 310,680

Hire purchase contracts are secured on the assets to which they relate.

Allica Bank Limited holds a standard security over the company's property.