Registered number
SC276739
Henderson & Dick Designs Ltd
Filleted Accounts
30 November 2024
Henderson & Dick Designs Ltd
Registered number: SC276739
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,000 14,553
Current assets
Stocks 3,775 1,640
Debtors 4 207,288 118,658
Cash at bank and in hand 83,433 46,051
294,496 166,349
Creditors: amounts falling due within one year 5 (124,358) (58,414)
Net current assets 170,138 107,935
Total assets less current liabilities 218,138 122,488
Creditors: amounts falling due after more than one year 6 (17,167) (27,816)
Net assets 200,971 94,672
Capital and reserves
Called up share capital 50 50
Profit and loss account 200,921 94,622
Shareholders' funds 200,971 94,672
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Dick
Director
Approved by the board on 14 April 2025
Henderson & Dick Designs Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 248,009
Additions 44,592
At 30 November 2024 292,601
Depreciation
At 1 December 2023 233,456
Charge for the year 11,145
At 30 November 2024 244,601
Net book value
At 30 November 2024 48,000
At 30 November 2023 14,553
4 Debtors 2024 2023
£ £
Trade debtors 208,170 118,658
Other debtors (882) -
207,288 118,658
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 53,892 32,891
Taxation and social security costs 40,967 11,609
Other creditors 29,499 13,914
124,358 58,414
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,167 27,816
7 Other information
Henderson & Dick Designs Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
43 Wellbrae Terrace
Aberdeen
AB15 7YA
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