DORAN DECORATORS LTD

Company Registration Number:
SC619747 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

DORAN DECORATORS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

DORAN DECORATORS LTD

Balance sheet

As at 31 January 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 656,862 64,462
Total fixed assets: 656,862 64,462
Current assets
Debtors:   601,714 378,278
Cash at bank and in hand: 52,939 105,831
Total current assets: 654,653 484,109
Creditors: amounts falling due within one year: 4 (394,453) (189,928)
Net current assets (liabilities): 260,200 294,181
Total assets less current liabilities: 917,062 358,643
Creditors: amounts falling due after more than one year: 5 (360,509) (65,545)
Provision for liabilities: (2,413) (2,413)
Total net assets (liabilities): 554,140 290,685
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 554,139 290,684
Shareholders funds: 554,140 290,685

The notes form part of these financial statements

DORAN DECORATORS LTD

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2025
and signed on behalf of the board by:

Name: ANDREW DORAN
Status: Director

The notes form part of these financial statements

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration of goods and services rendered net of discounts and Value Added Tax

Tangible fixed assets and depreciation policy

Tangible Assets are initially recorded at Cost and are subsequently stated at Cost less any accumulated Depreciation and Impairment Losses. Depreciation is calculated to write off an Asset,less its residual value over the useful economic life of the Asset as follows Plant/Fixtures & Fittings/Motor Vehicles-20% reducing balance method Heritable Property-No Depreciation

Valuation and information policy

Year End Contract Valuations are Valued at Sales Value of Contract at Year End less Sales Invoices processed to year end.

Other accounting policies

Contributions to Defined Contribution Plans are recognised as an expense in the year paid and are charged to the Profit And Loss Account.

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 24 22

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 105,129
Additions 623,604
Disposals (34,827)
At 31 January 2025 693,906
Depreciation
At 01 February 2024 40,667
Charge for year 8,088
On disposals (11,711)
At 31 January 2025 37,044
Net book value
At 31 January 2025 656,862
At 31 January 2024 64,462

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due within one year note

The Company has given security on the following Creditors Virgin Money Overdraft £nil(2024 £nil) Virgin Money Recovery Loan £8,333(2024 £8,333) Hire Purchase Creditors £1,839 (2024 £11,920) Together Commercial Loan £5,000 (2024 £nil) Director Andrew Doran has provided a personal guarantee on the following Creditors Funding Circle Recovery Loans £37,702 ( 2024 £12,528) Federal Capital Loan £30,000 (2024 £nil)

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Creditors: amounts falling due after more than one year note

The Company has given security on the following Creditors Virgin Money Recovery Loan £12,500 (2024 £20,834) Hire Purchase Creditors £nil (2024 £13,741) Together Commercial Loan £338,411 (2024 £nil) Director Andrew Doran has provided a personal guarantee on the following Creditors Funding Circle Recovery Loans £6,265 (2024 £17,637)