Registered number
SC357158
DEBISON ALBIE LIMITED
Filleted Accounts
31 August 2024
DEBISON ALBIE LIMITED
Registered number: SC357158
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 182,635 182,294
Investments 5 1,250,000 1,250,000
1,432,635 1,432,294
Current assets
Stocks 9,650 8,815
Debtors 6 24,587 43,795
Cash at bank and in hand 201,546 278,462
235,783 331,072
Creditors: amounts falling due within one year 7 (217,029) (221,785)
Net current assets 18,754 109,287
Total assets less current liabilities 1,451,389 1,541,581
Creditors: amounts falling due after more than one year 8 (1,132,056) (1,236,094)
Net assets 319,333 305,487
Capital and reserves
Called up share capital 100 2
Revaluation reserve 11 4,831 4,831
Profit and loss account 314,402 300,654
Shareholders' funds 319,333 305,487
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
D Simmers
Director
Approved by the board on 3 March 2025
DEBISON ALBIE LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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.
2 Government Grants
Government grants are recognised at the fair value of the asset received or receivable.
Grants are not recognised until there is reasonable assurance that the company will
comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a
systematic basis over the periods in which the company recognises the related costs for
which the is intended to compensate. Grants that are receivable as compensation for
expenses or losses already incurred or for the purpose of giving immediate financial support
to the entity with no future related costs are recognised in income in the period in which it
becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected
useful life of the asset. Where part of a grant relating to an asset is deferred, it is
recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future
performance-related conditions on the recipient, it is recognised in income when the
grant proceeds are received or receivable. Where the grant does impose specified future
performance-related conditions on the recipient, it is recognised in income only when the
performance-related conditions have been met. Where grants received are prior to
satisfying the revenue recognised criteria, they are recognised as a liability.
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
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 48 36
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 180,000 4,522 184,522
Additions - 1,000 1,000
At 31 August 2024 180,000 5,522 185,522
Depreciation
At 1 September 2023 - 2,228 2,228
Charge for the year - 659 659
At 31 August 2024 - 2,887 2,887
Net book value
At 31 August 2024 180,000 2,635 182,635
At 31 August 2023 180,000 2,294 182,294
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 1,250,000
At 31 August 2024 1,250,000
6 Debtors 2024 2023
£ £
Trade debtors 22,221 7,313
Deferred tax asset 724 223
Other debtors 1,642 36,259
24,587 43,795
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,641 31,249
Trade creditors - 3,067
Amounts owed to group undertakings and undertakings in which the company has a participating interest 21,606 29,531
Taxation and social security costs 81,052 56,593
Other creditors 90,730 101,345
217,029 221,785
7 Directors accounts
Included in other creditors is the sum of £ 8126 ( £1925 - 2023)
for the directors loans which are repayable upon demand.
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,132,056 1,236,094
9 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 1,132,056 1,236,093
The 1st secured loan is a mortgage upon the Freehold Property.
The 2nd is secured by a Floating Charge upon the Assets and
Undertakings of the company.
10 Bounceback Loan
Effective interest rate 2.5%

Year......Bal b/f..............Interest...............Cashflow.............Bal c/f
.................£.......................£..........................£..........................£
----------------------------------------------------------------------------------------------
....1.........50000....................................................................50000
....2.........50000..................1250.00................-10000.........40000
....3.........40000..................1000.00...............-10000...........30000
....4.........30000....................750.00................-10000...........20000
....5.........20000....................500.00................-10000...........10000
....6.........10000....................250.00................-10000

.............................................3750.00................-50000............................
Less BIP payment 1250.00
Total Interest Payable 2500.00


Interest 12 months 1250.00, account for 9 months as Gov paid Interest till May 2021
£ 937.50 interest in Accounts period 1, and £312.50 in Accounts period 2.
11 Deferred tax Current year Comp year
£ £
B/fwd (223) 94
Charged to profit and loss (501) (317)
Charged to other comprehensive income - -
(724) (223)
11 Revaluation reserve 2024 2023
£ £
At 1 September 2023 4,831 -
Gain on revaluation of land and buildings - 3,914
Deferred taxation arising on the revaluation of land and buildings - 917
At 31 August 2024 4,831 4,831
12 Other information
DEBISON ALBIE LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
20 Greenhill Avenue
Giffnock
Glasgow
G46 6QX
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