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HSC DAVIS LIMITED

Registered Number
SC646680
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2024

HSC DAVIS LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

Huw Davis
Samantha-Jane Davis

Registered Address

Unit 3 Randolph Industrial Estate
29-31 Randolph Place
Kirkcaldy
KY1 2YX

Registered Number

SC646680 (Scotland)
HSC DAVIS LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets36,0007,200
Tangible assets414,31821,927
20,31829,127
Current assets
Stocks300825
Debtors510,7179,380
Cash at bank and on hand5,3053,777
16,32213,982
Creditors amounts falling due within one year6(29,653)(35,561)
Net current assets (liabilities)(13,331)(21,579)
Total assets less current liabilities6,9877,548
Creditors amounts falling due after one year7(11,376)(7,106)
Provisions for liabilities(2,720)(5,482)
Net assets(7,109)(5,040)
Capital and reserves
Called up share capital100100
Profit and loss account(7,209)(5,140)
Shareholders' funds(7,109)(5,040)
The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2025, and are signed on its behalf by:
Samantha-Jane Davis
Director
Registered Company No. SC646680
HSC DAVIS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the directors who have confirmed that they will continue to support the company as required.
Turnover policy
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
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. Goodwill costs are being amortised over 10 years.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Reducing balance (%)Straight line (years)
Plant and machinery-5
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 December 2312,00012,000
At 30 November 2412,00012,000
Amortisation and impairment
At 01 December 234,8004,800
Charge for year1,2001,200
At 30 November 246,0006,000
Net book value
At 30 November 246,0006,000
At 30 November 237,2007,200
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 2345,35718,5651,06264,984
Additions3,755--3,755
Disposals(299)--(299)
At 30 November 2448,81318,5651,06268,440
Depreciation and impairment
At 01 December 2331,48010,5151,06243,057
Charge for year9,1762,012-11,188
On disposals(123)--(123)
At 30 November 2440,53312,5271,06254,122
Net book value
At 30 November 248,2806,038-14,318
At 30 November 2313,8778,050-21,927
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables144-
Other debtors4,4414,437
Prepayments and accrued income6,1324,943
Total10,7179,380
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-830
Bank borrowings and overdrafts1,7891,789
Taxation and social security3,5432,811
Finance lease and HP contracts3,7993,501
Other creditors18,93124,128
Accrued liabilities and deferred income1,5912,502
Total29,65335,561
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,0142,945
Other creditors10,3624,161
Total11,3767,106