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REGISTERED NUMBER: SC451963 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DAB GROUNDWORKS LIMITED

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)






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


DAB GROUNDWORKS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTOR: D A Boyd





REGISTERED OFFICE: 8 Blaich
FORT WILLIAM
Inverness-shire
PH33 7AN





REGISTERED NUMBER: SC451963 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 847,054 747,196

CURRENT ASSETS
Stocks 21,132 90,632
Debtors 5 133,325 54,649
Cash at bank 64,866 177,376
219,323 322,657
CREDITORS
Amounts falling due within one year 6 316,295 391,413
NET CURRENT LIABILITIES (96,972 ) (68,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,082

678,440

CREDITORS
Amounts falling due after more than one year 7 (123,675 ) (127,614 )

PROVISIONS FOR LIABILITIES (204,654 ) (176,344 )
NET ASSETS 421,753 374,482

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 421,752 374,481
SHAREHOLDERS' FUNDS 421,753 374,482

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.

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

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 26 March 2025 and were signed by:





D A Boyd - Director


DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Dab Groundworks 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 1,340,400 2,813 133,152 1,476,365
Additions 205,270 - 49,537 254,807
At 30 September 2024 1,545,670 2,813 182,689 1,731,172
DEPRECIATION
At 1 October 2023 636,622 928 91,619 729,169
Charge for year 136,357 377 18,215 154,949
At 30 September 2024 772,979 1,305 109,834 884,118
NET BOOK VALUE
At 30 September 2024 772,691 1,508 72,855 847,054
At 30 September 2023 703,778 1,885 41,533 747,196

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 345,000 20,995 365,995
Additions 149,680 40,999 190,679
At 30 September 2024 494,680 61,994 556,674
DEPRECIATION
At 1 October 2023 81,203 7,558 88,761
Charge for year 62,022 10,887 72,909
At 30 September 2024 143,225 18,445 161,670
NET BOOK VALUE
At 30 September 2024 351,455 43,549 395,004
At 30 September 2023 263,797 13,437 277,234

DAB GROUNDWORKS LIMITED (REGISTERED NUMBER: SC451963)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,325 54,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 126,149 138,625
Trade creditors 39,137 55,786
Taxation and social security 64,210 88,047
Other creditors 76,799 98,955
316,295 391,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,493 17,507
Hire purchase contracts 116,182 110,107
123,675 127,614