Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31trueNo description of principal activity2023-08-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC271331 2023-08-01 2024-07-31 SC271331 2022-08-01 2023-07-31 SC271331 2024-07-31 SC271331 2023-07-31 SC271331 c:Director1 2023-08-01 2024-07-31 SC271331 c:Director2 2023-08-01 2024-07-31 SC271331 c:Director3 2023-08-01 2024-07-31 SC271331 c:RegisteredOffice 2023-08-01 2024-07-31 SC271331 d:PlantMachinery 2023-08-01 2024-07-31 SC271331 d:PlantMachinery 2024-07-31 SC271331 d:PlantMachinery 2023-07-31 SC271331 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC271331 d:MotorVehicles 2023-08-01 2024-07-31 SC271331 d:MotorVehicles 2024-07-31 SC271331 d:MotorVehicles 2023-07-31 SC271331 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC271331 d:OfficeEquipment 2023-08-01 2024-07-31 SC271331 d:OfficeEquipment 2024-07-31 SC271331 d:OfficeEquipment 2023-07-31 SC271331 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC271331 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC271331 d:Goodwill 2024-07-31 SC271331 d:Goodwill 2023-07-31 SC271331 d:LeaseholdInvestmentProperty 2024-07-31 SC271331 d:LeaseholdInvestmentProperty 2023-07-31 SC271331 d:CurrentFinancialInstruments 2024-07-31 SC271331 d:CurrentFinancialInstruments 2023-07-31 SC271331 d:Non-currentFinancialInstruments 2024-07-31 SC271331 d:Non-currentFinancialInstruments 2023-07-31 SC271331 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC271331 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC271331 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC271331 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC271331 d:ShareCapital 2024-07-31 SC271331 d:ShareCapital 2023-07-31 SC271331 d:OtherMiscellaneousReserve 2024-07-31 SC271331 d:OtherMiscellaneousReserve 2023-07-31 SC271331 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC271331 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC271331 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC271331 c:OrdinaryShareClass1 2024-07-31 SC271331 c:OrdinaryShareClass1 2023-07-31 SC271331 c:FRS102 2023-08-01 2024-07-31 SC271331 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC271331 c:FullAccounts 2023-08-01 2024-07-31 SC271331 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC271331 2 2023-08-01 2024-07-31 SC271331 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC271331










D & B DEVELOPMENTS (MONTROSE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

COMPANY INFORMATION


DIRECTORS
B J McComiskie 
K P McComiskie 
D McComiskie 




REGISTERED NUMBER
SC271331



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
D & B DEVELOPMENTS (MONTROSE) LIMITED
REGISTERED NUMBER: SC271331

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 5 
36,699
34,367

Investment property
 6 
80,000
80,000

  
116,699
114,367

CURRENT ASSETS
  

Stocks
  
263,743
356,544

Debtors: amounts falling due within one year
 7 
10,517
10,517

Cash at bank and in hand
  
10,422
18,504

  
284,682
385,565

Creditors: amounts falling due within one year
 8 
(225,987)
(377,748)

NET CURRENT ASSETS
  
 
 
58,695
 
 
7,817

TOTAL ASSETS LESS CURRENT LIABILITIES
  
175,394
122,184

Creditors: amounts falling due after more than one year
 9 
(22,385)
(44,204)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(22,927)
(22,264)

NET ASSETS
  
 
 
130,082
 
 
55,716


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Other reserves
  
55,000
55,000

Profit and loss account
  
74,982
616

  
130,082
55,716


Page 1

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
REGISTERED NUMBER: SC271331

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




B J McComiskie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


GENERAL INFORMATION

The entity is a private Company, limited by shares, incorporated in Scotland, with the registration number SC271331 . The registered office is situated at Westby, 64 West High Street, Forfar, DD8 1BJ. The principal place of business is 2A Broomfield Way, Montrose, DD10 8UD.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

  
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


INTANGIBLE ASSETS



Goodwill

£



COST


At 1 August 2023
16,250



At 31 July 2024

16,250



AMORTISATION


At 1 August 2023
16,250



At 31 July 2024

16,250



NET BOOK VALUE



At 31 July 2024
-



Page 5

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 August 2023
37,392
16,000
530
53,922


Additions
-
10,850
-
10,850



At 31 July 2024

37,392
26,850
530
64,772



DEPRECIATION


At 1 August 2023
15,035
4,000
520
19,555


Charge for the year on owned assets
2,795
5,713
10
8,518



At 31 July 2024

17,830
9,713
530
28,073



NET BOOK VALUE



At 31 July 2024
19,562
17,137
-
36,699



At 31 July 2023
22,357
12,000
10
34,367


6.


INVESTMENT PROPERTY


Long term leasehold investment property

£



VALUATION


At 1 August 2023
80,000



AT 31 JULY 2024
80,000


COMPRISING


Cost
25,000

Annual revaluation surplus/(deficit):


2015
55,000

At 31 July 2024
80,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



Page 6

 
D & B DEVELOPMENTS (MONTROSE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


DEBTORS

2024
2023
£
£


Other debtors
10,517
10,517



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
11,469
4,734

Trade creditors
10,363
2,500

Other taxation and social security
54,102
45,462

Obligations under finance lease and hire purchase contracts
3,614
3,340

Other creditors
146,439
265,712

Accruals and deferred income
-
56,000

225,987
377,748


Bank loans are secured by a floating charge covering all the property or undertaking of the company.


9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other loans
18,161
36,366

Net obligations under finance leases and hire purchase contracts
4,224
7,838

22,385
44,204


Bank loans are scured by a floating charge covering all the property or undertaking of the company.


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7