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REGISTERED NUMBER: SC315227 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

W Douglas Contractors Ltd

W Douglas Contractors Ltd (Registered number: SC315227)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

W Douglas Contractors Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Patterson
C W J Patterson





REGISTERED OFFICE: Mains of Arthurstone Farm
Meigle
Blairgowrie
Perthshire
PH12 8QY





REGISTERED NUMBER: SC315227 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

W Douglas Contractors Ltd (Registered number: SC315227)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 131,500 144,194
131,500 144,194

CURRENT ASSETS
Stocks 34,400 34,400
Debtors 6 152,943 61,410
Cash at bank 265,558 303,449
452,901 399,259
CREDITORS
Amounts falling due within one year 7 75,064 20,690
NET CURRENT ASSETS 377,837 378,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,337

522,763

CREDITORS
Amounts falling due after more than one
year

8

-

(32,373

)

PROVISIONS FOR LIABILITIES (22,551 ) (27,397 )
NET ASSETS 486,786 462,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 486,686 462,893
486,786 462,993

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

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

The directors acknowledge their 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.

W Douglas Contractors Ltd (Registered number: SC315227)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




C Patterson - Director



C W J Patterson - Director


W Douglas Contractors Ltd (Registered number: SC315227)

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

1. STATUTORY INFORMATION

W Douglas Contractors 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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.

W Douglas Contractors Ltd (Registered number: SC315227)

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

2. ACCOUNTING POLICIES - continued

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

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 250,000
AMORTISATION
At 1 July 2023
and 30 June 2024 250,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 298,586 3,140 55,700 357,426
Additions 4,003 725 6,500 11,228
Disposals - - (5,600 ) (5,600 )
At 30 June 2024 302,589 3,865 56,600 363,054
DEPRECIATION
At 1 July 2023 185,742 2,424 25,066 213,232
Charge for year 17,371 239 5,611 23,221
Eliminated on disposal - - (4,899 ) (4,899 )
At 30 June 2024 203,113 2,663 25,778 231,554
NET BOOK VALUE
At 30 June 2024 99,476 1,202 30,822 131,500
At 30 June 2023 112,844 716 30,634 144,194

W Douglas Contractors Ltd (Registered number: SC315227)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,943 39,467
Other debtors - 21,943
152,943 61,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,605 13,926
Taxation and social security 30,406 5,430
Other creditors 7,053 1,334
75,064 20,690

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 32,373

9. RELATED PARTY DISCLOSURES

The company operates an interest free joint current account with the directors which is unsecured and has not fixed terms of repayment. At the balance sheet date, £1,000 was payable to the directors (2023 - £21,943 was payable by the directors).

The firm of C D & J W Patterson is controlled by C Patterson and close family members. During the year, charges in respect of rent £4,000 (2023 - £4,000) and telephone £800 (2023 - £800) were made from the Firm of C D & J W Patterson. During the year, sales of £Nil (2023 - £104,869) were made by the company to the Firm of C D & J W Patterson. At the balance sheet date £Nil (2023 - £Nil) was due by the company to the partnership and £Nil (2023 - £Nil) was due by the partnership to the company.

W Douglas Contractors Ltd

Report of the Accountant to the Directors of
W Douglas Contractors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


31 January 2025