Company Registration No. SC148143 (Scotland)
Dunecht Garage Ltd.
Unaudited accounts
for the year ended 31 December 2024
Dunecht Garage Ltd.
Unaudited accounts
Contents
Dunecht Garage Ltd.
Company Information
for the year ended 31 December 2024
Directors
W Gauld
Mrs M Gauld
I Gauld
Company Number
SC148143 (Scotland)
Registered Office
DUNECHT
WESTHILL
ABERDEENSHIRE
AB32 7AX
Dunecht Garage Ltd.
Statement of financial position
as at 31 December 2024
Tangible assets
25,009
32,976
Inventories
764,686
1,169,321
Cash at bank and in hand
203,567
171,249
Creditors: amounts falling due within one year
(143,057)
(140,228)
Net current assets
1,681,518
1,714,013
Total assets less current liabilities
1,706,527
1,746,989
Creditors: amounts falling due after more than one year
(8,250)
(19,850)
Provisions for liabilities
Deferred tax
(5,020)
(4,631)
Net assets
1,693,257
1,722,508
Called up share capital
300
300
Profit and loss account
1,692,957
1,722,208
Shareholders' funds
1,693,257
1,722,508
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
I Gauld
Director
Company Registration No. SC148143
Dunecht Garage Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Dunecht Garage Ltd. is a private company, limited by shares, registered in Scotland, registration number SC148143. The registered office is DUNECHT, WESTHILL, ABERDEENSHIRE, AB32 7AX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
22,760
165,296
4,485
192,541
At 31 December 2024
22,760
167,919
4,485
195,164
At 1 January 2024
16,520
138,560
4,485
159,565
Charge for the year
3,250
7,340
-
10,590
At 31 December 2024
19,770
145,900
4,485
170,155
At 31 December 2024
2,990
22,019
-
25,009
At 31 December 2023
6,240
26,736
-
32,976
Amounts falling due within one year
Trade debtors
848,970
505,836
Accrued income and prepayments
7,352
7,835
Dunecht Garage Ltd.
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,244
8,244
Trade creditors
63,044
54,468
Taxes and social security
43,469
8,610
Other creditors
6,095
12,698
Loans from directors
-
50,000
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).