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REGISTERED NUMBER: SC596907 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Central Doorset Manufacturing Limited

Central Doorset Manufacturing Limited (Registered number: SC596907)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Central Doorset Manufacturing Limited (Registered number: SC596907)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,002,086 469,391
Investments 5 - -
1,002,086 469,391

CURRENT ASSETS
Stocks 375,000 876,211
Debtors 6 2,006,963 2,116,633
Cash at bank 50,606 229,973
2,432,569 3,222,817
CREDITORS
Amounts falling due within one year 7 (1,893,012 ) (2,635,835 )
NET CURRENT ASSETS 539,557 586,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,541,643

1,056,373

CREDITORS
Amounts falling due after more than one year 8 (387,539 ) (200,200 )

PROVISIONS FOR LIABILITIES (203,411 ) (92,832 )
NET ASSETS 950,693 763,341

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 950,689 763,337
950,693 763,341

Central Doorset Manufacturing Limited (Registered number: SC596907)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 30 March 2025 and were signed on its behalf by:





Mr M Sandison - Director


Central Doorset Manufacturing Limited (Registered number: SC596907)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Central Doorset Manufacturing Limited is a private company, limited by shares, domiciled in Scotland, registration number SC596907 . The registered office is Haypark Business Centre, Marchmont Avenue, Polmont, FK2 0NZ.

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 represents net invoiced sales of goods and services in respect of manufacturing doors and doorsets, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Central Doorset Manufacturing Limited (Registered number: SC596907)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 86,151 634,215 720,366
Additions - 697,193 697,193
At 31 July 2024 86,151 1,331,408 1,417,559
DEPRECIATION
At 1 August 2023 6,175 244,800 250,975
Charge for year 4,307 160,191 164,498
At 31 July 2024 10,482 404,991 415,473
NET BOOK VALUE
At 31 July 2024 75,669 926,417 1,002,086
At 31 July 2023 79,976 389,415 469,391

Central Doorset Manufacturing Limited (Registered number: SC596907)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 384,166
Additions 595,613
At 31 July 2024 979,779
DEPRECIATION
At 1 August 2023 110,626
Charge for year 140,227
Transfer to ownership 507
At 31 July 2024 251,360
NET BOOK VALUE
At 31 July 2024 728,419
At 31 July 2023 273,540

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 44,838
Disposals (44,838 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,619,718 2,047,142
Other debtors 387,245 69,491
2,006,963 2,116,633

Central Doorset Manufacturing Limited (Registered number: SC596907)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 138,232 10,000
Hire purchase contracts 242,153 70,643
Trade creditors 823,772 1,698,712
Amounts owed to related parties 219,852 249,752
Taxation and social security 397,260 510,440
Other creditors 71,743 96,288
1,893,012 2,635,835

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 21,131 13,126
Hire purchase contracts 366,408 187,074
387,539 200,200

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 608,561 257,717

Amounts due on hire purchase contracts are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

Company with common director and shareholder

Amounts due to related party £219,852 (2023: £249,752).